Vestcor Inc Buys 8,500 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Vestcor Inc raised its holdings in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 250.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,891 shares of the company's stock after acquiring an additional 8,500 shares during the period. Vestcor Inc's holdings in Warrior Met Coal were worth $760,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Blue Trust Inc. grew 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 worth $35,000 after acquiring an additional 180 shares in the last quarter. Ausbil Investment Management Ltd purchased a new position in shares of Warrior Met Coal in the 2nd quarter worth about $82,000. KBC Group NV increased its position in shares of Warrior Met Coal by 29.7% during the 3rd quarter. KBC Group NV now owns 1,711 shares of the company's stock valued at $109,000 after purchasing an additional 392 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Warrior Met Coal by 34.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,313 shares of the company's stock valued at $145,000 after buying an additional 599 shares in the last quarter. Finally, Innealta Capital LLC purchased a new position in shares of Warrior Met Coal during the 2nd quarter valued at about $160,000. Institutional investors own 92.28% of the company's stock.

Warrior Met Coal Trading Down 3.3 %

Shares of HCC traded down $2.07 during trading hours on Friday, hitting $61.59. The company had a trading volume of 652,671 shares, compared to its average volume of 755,815. Warrior Met Coal, Inc. has a 52-week low of $50.60 and a 52-week high of $75.53. The company has a quick ratio of 4.67, a current ratio of 5.81 and a debt-to-equity ratio of 0.09. The stock's 50 day moving average price is $65.91 and its 200 day moving average price is $64.09. The firm has a market cap of $3.22 billion, a P/E ratio of 8.51 and a beta of 1.03.

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

Warrior Met Coal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Tuesday, November 5th. Warrior Met Coal's payout ratio is 4.42%.

Wall Street Analysts Forecast Growth

Separately, B. Riley upped their target price on 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $75.75.

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.