Forest Avenue Capital Management LP Boosts Stake in Warrior Met Coal, Inc. (NYSE:HCC)

Forest Avenue Capital Management LP lifted its position in shares of Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 32.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 545,189 shares of the company's stock after acquiring an additional 133,642 shares during the quarter. Warrior Met Coal accounts for approximately 2.7% of Forest Avenue Capital Management LP's investment portfolio, making the stock its 17th biggest holding. Forest Avenue Capital Management LP owned approximately 1.04% of Warrior Met Coal worth $29,571,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. raised its holdings in shares of Warrior Met Coal by 7.1% in the 4th quarter. American Century Companies Inc. now owns 1,748,274 shares of the company's stock valued at $94,826,000 after buying an additional 115,675 shares during the period. Dalal Street LLC lifted its holdings in shares of Warrior Met Coal by 144.1% during the fourth quarter. Dalal Street LLC now owns 1,704,670 shares of the company's stock worth $92,461,000 after purchasing an additional 1,006,263 shares during the period. Allianz Asset Management GmbH boosted its stake 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 in the last quarter. Geode Capital Management LLC increased its holdings in Warrior Met Coal by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,208,405 shares of the company's stock valued at $77,232,000 after buying an additional 13,650 shares in the last quarter. Finally, River Road Asset Management LLC grew its stake in Warrior Met Coal by 2.1% in the 4th quarter. River Road Asset Management LLC now owns 888,388 shares of the company's stock valued at $48,186,000 after acquiring an additional 18,031 shares during the last quarter. Hedge funds and other institutional investors own 92.28% of the company's stock.

Warrior Met Coal Stock Performance

Shares of HCC traded up $2.09 during mid-day trading on Friday, reaching $49.37. The company's stock had a trading volume of 853,820 shares, compared to its average volume of 782,376. The company has a current ratio of 5.20, a quick ratio of 3.99 and a debt-to-equity ratio of 0.09. The stock has a market cap of $2.59 billion, a P/E ratio of 10.31 and a beta of 0.80. The business has a 50-day simple moving average of $47.94 and a two-hundred day simple moving average of $56.34. Warrior Met Coal, Inc. has a 1-year low of $38.00 and a 1-year high of $75.53.

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

Warrior Met Coal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 24th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.32 dividend on an annualized basis and a yield of 0.65%. Warrior Met Coal's dividend payout ratio (DPR) is presently 6.68%.

Wall Street Analysts Forecast Growth

HCC has been the subject of several recent analyst reports. B. Riley lowered their target price on shares of Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Jefferies Financial Group decreased their price target on 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. Finally, Benchmark reaffirmed a "hold" rating on shares of Warrior Met Coal in a research report on Friday, February 14th.

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.