River Road Asset Management LLC Boosts Position in Warrior Met Coal, Inc. (NYSE:HCC)

River Road Asset Management LLC grew its stake in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 2.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 888,388 shares of the company's stock after buying an additional 18,031 shares during the quarter. River Road Asset Management LLC owned 1.70% of Warrior Met Coal worth $48,186,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Prescott Group Capital Management L.L.C. purchased a new position in shares of Warrior Met Coal in the 4th quarter valued at about $2,170,000. Raymond James Financial Inc. acquired a new stake in shares of Warrior Met Coal during the 4th quarter worth about $4,554,000. Proficio Capital Partners LLC acquired a new stake in shares of Warrior Met Coal during the 4th quarter worth about $677,000. Smartleaf Asset Management LLC raised its position in shares of Warrior Met Coal by 304.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company's stock worth $75,000 after acquiring an additional 1,040 shares in the last quarter. Finally, Hosking Partners LLP raised its position in shares of 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 acquiring an additional 45,868 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company's stock.

Warrior Met Coal Price Performance

Shares of Warrior Met Coal stock traded up $0.98 during trading on Friday, reaching $49.28. The company's stock had a trading volume of 836,346 shares, compared to its average volume of 734,306. The company has a quick ratio of 3.99, a current ratio of 5.20 and a debt-to-equity ratio of 0.09. Warrior Met Coal, Inc. has a 12-month low of $44.62 and a 12-month high of $75.53. The company has a market capitalization of $2.59 billion, a P/E ratio of 10.29 and a beta of 1.10. The business has a 50 day moving average price of $51.61 and a 200-day moving average price of $58.21.

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Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its quarterly 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). Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. The business had revenue of $297.47 million during the quarter, compared to analysts' expectations of $331.70 million. As a group, sell-side analysts anticipate that Warrior Met Coal, Inc. will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HCC. Benchmark reissued a "hold" rating on shares of Warrior Met Coal in a research report on Friday, February 14th. Jefferies Financial Group cut their price target on Warrior Met Coal from $75.00 to $65.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Finally, B. Riley cut their price target on Warrior Met Coal from $90.00 to $86.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Warrior Met Coal presently has a consensus rating of "Moderate Buy" and an average price target of $74.00.

Warrior Met Coal 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.