Raymond James Financial Inc. Acquires New Position in Warrior Met Coal, Inc. (NYSE:HCC)

Raymond James Financial Inc. bought a new stake in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 83,954 shares of the company's stock, valued at approximately $4,554,000. Raymond James Financial Inc. owned 0.16% of Warrior Met Coal as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of HCC. Proficio Capital Partners LLC acquired a new stake in shares of Warrior Met Coal in the fourth quarter worth approximately $677,000. Smartleaf Asset Management LLC lifted its holdings in Warrior Met Coal by 304.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company's stock valued at $75,000 after purchasing an additional 1,040 shares in the last quarter. Hosking Partners LLP boosted its stake in Warrior Met Coal by 9.6% during the 4th quarter. Hosking Partners LLP now owns 524,833 shares of the company's stock worth $28,467,000 after purchasing an additional 45,868 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Warrior Met Coal during the fourth quarter worth $1,300,000. Finally, Allianz Asset Management GmbH raised its position in shares of Warrior Met Coal by 10.1% in the fourth quarter. Allianz Asset Management GmbH now owns 1,378,645 shares of the company's stock valued at $74,778,000 after buying an additional 126,911 shares during the last quarter. Hedge funds and other institutional investors own 92.28% of the company's stock.

Warrior Met Coal Trading Down 2.9 %

NYSE:HCC traded down $1.48 on Friday, hitting $48.81. The stock had a trading volume of 244,597 shares, compared to its average volume of 753,867. The company has a fifty day moving average price of $50.80 and a two-hundred day moving average price of $57.61. Warrior Met Coal, Inc. has a 1-year low of $44.62 and a 1-year high of $75.53. The company has a quick ratio of 3.99, a current ratio of 5.20 and a debt-to-equity ratio of 0.09. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 10.19 and a beta of 1.10.

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Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.34). Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. The business had revenue of $297.47 million for the quarter, compared to analyst estimates of $331.70 million. Equities research analysts expect that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 24th were issued a $0.08 dividend. The ex-dividend date was Monday, February 24th. This represents a $0.32 annualized dividend and a dividend yield of 0.66%. Warrior Met Coal's dividend payout ratio is currently 6.68%.

Wall Street Analysts Forecast Growth

HCC has been the subject of several research reports. Jefferies Financial Group dropped their price objective on shares of Warrior Met Coal from $75.00 to $65.00 and set a "buy" rating for the company in a research note on Monday, January 6th. B. Riley dropped their price target on Warrior Met Coal from $90.00 to $86.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Finally, Benchmark reaffirmed a "hold" rating on shares of Warrior Met Coal in a report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Warrior Met Coal presently has a consensus rating of "Moderate Buy" and an average price target of $74.00.

About Warrior Met Coal

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.