Geode Capital Management LLC Has $77.23 Million Stock Position in Warrior Met Coal, Inc. (NYSE:HCC)

Geode Capital Management LLC raised its stake in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,208,405 shares of the company's stock after acquiring an additional 13,650 shares during the period. Geode Capital Management LLC owned about 2.31% of Warrior Met Coal worth $77,232,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. grew its holdings in shares of Warrior Met Coal by 48.5% in the 3rd quarter. Blue Trust Inc. now owns 551 shares of the company's stock worth $35,000 after purchasing an additional 180 shares during the last quarter. Evergreen Capital Management LLC grew its stake in Warrior Met Coal by 6.3% during the second quarter. Evergreen Capital Management LLC now owns 3,903 shares of the company's stock worth $245,000 after buying an additional 231 shares during the last quarter. Creative Planning increased its holdings in shares of Warrior Met Coal by 1.7% during the third quarter. Creative Planning now owns 20,700 shares of the company's stock worth $1,323,000 after buying an additional 338 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Warrior Met Coal by 2.4% in the 2nd quarter. Arizona State Retirement System now owns 14,640 shares of the company's stock worth $919,000 after acquiring an additional 344 shares in the last quarter. Finally, KBC Group NV grew its position in Warrior Met Coal by 29.7% during the 3rd quarter. KBC Group NV now owns 1,711 shares of the company's stock worth $109,000 after acquiring an additional 392 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Warrior Met Coal Trading Down 1.7 %

NYSE HCC traded down $0.93 on Friday, reaching $54.93. The company had a trading volume of 1,408,909 shares, compared to its average volume of 757,494. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 7.59 and a beta of 1.03. The stock's 50 day moving average is $65.55 and its 200-day moving average is $63.85. The company has a quick ratio of 4.67, a current ratio of 5.81 and a debt-to-equity ratio of 0.09. Warrior Met Coal, Inc. has a 52 week low of $50.60 and a 52 week high of $75.53.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.40. The business had revenue of $327.72 million during 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%. Warrior Met Coal's revenue for the quarter was down 22.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.85 EPS. Equities analysts predict that Warrior Met Coal, Inc. will post 5.62 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Tuesday, November 5th. Warrior Met Coal's dividend payout ratio is presently 4.42%.

Wall Street Analysts Forecast Growth

Separately, B. Riley boosted their price objective 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $75.75.

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.