Allianz Asset Management GmbH Boosts Stock Position in Warrior Met Coal, Inc. (NYSE:HCC)

Allianz Asset Management GmbH raised its position in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 729,620 shares of the company's stock after purchasing an additional 64,672 shares during the quarter. Allianz Asset Management GmbH owned 1.40% of Warrior Met Coal worth $44,485,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in HCC. USA Financial Formulas purchased a new position in shares of Warrior Met Coal in the fourth quarter valued at approximately $25,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Warrior Met Coal in the fourth quarter worth $38,000. Quadrant Capital Group LLC raised its stake in shares of Warrior Met Coal by 79.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company's stock valued at $61,000 after acquiring an additional 442 shares in the last quarter. Aigen Investment Management LP acquired a new stake in shares of Warrior Met Coal in the fourth quarter valued at $202,000. Finally, Kingsview Wealth Management LLC acquired a new position in Warrior Met Coal during the 3rd quarter worth $208,000. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Warrior Met Coal Stock Up 2.8 %

HCC traded up $1.88 on Friday, reaching $68.42. The company's stock had a trading volume of 472,634 shares, compared to its average volume of 767,019. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 8.23 and a beta of 1.05. Warrior Met Coal, Inc. has a fifty-two week low of $31.97 and a fifty-two week high of $71.91. The company has a quick ratio of 5.85, a current ratio of 6.86 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average of $64.22 and a two-hundred day moving average of $61.03.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its earnings results on Wednesday, May 1st. The company reported $2.63 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.61. Warrior Met Coal had a net margin of 25.94% and a return on equity of 24.71%. The firm had revenue of $503.50 million for the quarter, compared to the consensus estimate of $474.99 million. During the same period last year, the firm posted $3.57 EPS. The company's revenue was down 1.2% on a year-over-year basis. As a group, analysts forecast that Warrior Met Coal, Inc. will post 6.98 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Monday, May 6th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Friday, May 3rd. Warrior Met Coal's payout ratio is currently 3.85%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Benchmark reaffirmed a "hold" rating on shares of Warrior Met Coal in a research report on Thursday, May 2nd. BMO Capital Markets lifted their price target on shares of Warrior Met Coal from $62.00 to $70.00 and gave the stock a "market perform" rating in a research note on Thursday, May 2nd. Citigroup upgraded shares of Warrior Met Coal from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $60.00 to $75.00 in a report on Thursday, April 11th. Finally, B. Riley raised their price objective on shares of Warrior Met Coal from $87.00 to $91.00 and gave the company a "buy" rating in a report on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $72.80.

Warrior Met Coal Company 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.