Principal Financial Group Inc. grew its holdings in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 4.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 311,937 shares of the company's stock after acquiring an additional 13,629 shares during the quarter. Principal Financial Group Inc. owned 0.60% of Warrior Met Coal worth $16,919,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of HCC. Maple Rock Capital Partners Inc. grew its holdings in shares of Warrior Met Coal by 193.9% during the third quarter. Maple Rock Capital Partners Inc. now owns 1,460,992 shares of the company's stock worth $93,357,000 after buying an additional 963,892 shares in the last quarter. Merewether Investment Management LP grew its stake in Warrior Met Coal by 441.9% in the third quarter. Merewether Investment Management LP now owns 793,300 shares of the company's stock valued at $50,692,000 after purchasing an additional 646,900 shares in the last quarter. FMR LLC grew its stake in Warrior Met Coal by 8.6% in the third quarter. FMR LLC now owns 3,210,531 shares of the company's stock valued at $205,153,000 after purchasing an additional 254,540 shares in the last quarter. Forest Avenue Capital Management LP grew its stake in Warrior Met Coal by 95.0% in the third quarter. Forest Avenue Capital Management LP now owns 411,547 shares of the company's stock valued at $26,298,000 after purchasing an additional 200,533 shares in the last quarter. Finally, River Road Asset Management LLC lifted its position in shares of Warrior Met Coal by 22.9% in the third quarter. River Road Asset Management LLC now owns 870,357 shares of the company's stock valued at $55,616,000 after buying an additional 162,387 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
HCC has been the subject of a number of recent analyst reports. B. Riley cut their price objective 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. Jefferies Financial Group lowered their price objective on Warrior Met Coal from $75.00 to $65.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Finally, Benchmark reiterated a "hold" rating on shares of Warrior Met Coal in a research note on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Warrior Met Coal has a consensus rating of "Moderate Buy" and an average target price of $74.00.
Check Out Our Latest Research Report on HCC
Warrior Met Coal Price Performance
Shares of HCC traded down $1.56 during midday trading on Friday, hitting $48.17. The company's stock had a trading volume of 970,407 shares, compared to its average volume of 833,234. Warrior Met Coal, Inc. has a one year low of $45.94 and a one year high of $75.53. The company's fifty day simple moving average is $52.84 and its two-hundred day simple moving average is $58.94. 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 capitalization of $2.53 billion, a price-to-earnings ratio of 10.06 and a beta of 1.07.
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 for the quarter, missing analysts' consensus estimates of $0.49 by ($0.34). The firm had revenue of $297.47 million for the quarter, compared to the consensus estimate of $331.70 million. Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. As a group, equities analysts expect that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current fiscal year.
Warrior Met Coal Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 24th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.32 dividend on an annualized basis and a yield of 0.66%. Warrior Met Coal's dividend payout ratio is currently 6.68%.
Warrior Met Coal Profile
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Free Report)
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.
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