Neo Ivy Capital Management Invests $966,000 in Warrior Met Coal, Inc. (NYSE:HCC)

Neo Ivy Capital Management purchased a new stake in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 15,130 shares of the company's stock, valued at approximately $966,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. lifted its position in Warrior Met Coal by 48.5% in the third quarter. Blue Trust Inc. now owns 551 shares of the company's stock valued at $35,000 after buying an additional 180 shares during the last quarter. Ausbil Investment Management Ltd acquired a new stake in Warrior Met Coal in the 2nd quarter valued at approximately $82,000. KBC Group NV lifted its stake in Warrior Met Coal by 29.7% during the third quarter. KBC Group NV now owns 1,711 shares of the company's stock worth $109,000 after purchasing an additional 392 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Warrior Met Coal by 34.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,313 shares of the company's stock worth $145,000 after buying an additional 599 shares during the period. Finally, Innealta Capital LLC acquired a new stake in shares of Warrior Met Coal in the second quarter valued at $160,000. Institutional investors and hedge funds own 92.28% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley boosted their price target on shares of Warrior Met Coal from $89.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Warrior Met Coal presently has an average rating of "Hold" and an average price target of $75.75.

Warrior Met Coal Stock Performance

HCC remained flat at $63.66 on Thursday. The company had a trading volume of 471,719 shares, compared to its average volume of 755,984. The business has a fifty day moving average price of $65.95 and a 200-day moving average price of $64.12. The company has a current ratio of 5.81, a quick ratio of 4.67 and a debt-to-equity ratio of 0.09. Warrior Met Coal, Inc. has a 1 year low of $50.60 and a 1 year high of $75.53. The stock has a market capitalization of $3.33 billion, a P/E ratio of 8.79 and a beta of 1.03.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.40. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. The firm had revenue of $327.72 million for the quarter, compared to analyst estimates of $322.21 million. During the same period in the prior year, the firm earned $1.85 earnings per share. The business's quarterly revenue was down 22.6% compared to the same quarter last year. Equities analysts expect that Warrior Met Coal, Inc. will post 5.62 EPS for the current year.

Warrior Met Coal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Tuesday, November 5th. Warrior Met Coal's dividend payout ratio is presently 4.42%.

Warrior Met Coal Profile

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.