Maple Rock Capital Partners Inc. Has $93.36 Million Stock Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

Maple Rock Capital Partners Inc. grew its position in shares of Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 193.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,460,992 shares of the company's stock after acquiring an additional 963,892 shares during the quarter. Warrior Met Coal comprises 2.6% of Maple Rock Capital Partners Inc.'s portfolio, making the stock its 6th biggest position. Maple Rock Capital Partners Inc. owned about 2.79% of Warrior Met Coal worth $93,357,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in Warrior Met Coal by 38.6% during the 2nd quarter. GAMMA Investing LLC now owns 517 shares of the company's stock worth $32,000 after buying an additional 144 shares during the last quarter. Blue Trust Inc. lifted its holdings in Warrior Met Coal by 48.5% during the 3rd quarter. Blue Trust Inc. now owns 551 shares of the company's stock worth $35,000 after buying an additional 180 shares during the last quarter. Ausbil Investment Management Ltd bought a new position in Warrior Met Coal during the 2nd quarter worth approximately $82,000. KBC Group NV lifted its holdings 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 buying an additional 392 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position 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 worth $145,000 after purchasing an additional 599 shares during the period. Hedge funds and other institutional investors own 92.28% of the company's stock.

Warrior Met Coal Stock Down 3.5 %

Shares of Warrior Met Coal stock traded down $2.41 during midday trading on Wednesday, hitting $67.40. The company's stock had a trading volume of 539,010 shares, compared to its average volume of 760,162. The firm has a market capitalization of $3.53 billion, a P/E ratio of 9.43 and a beta of 1.03. The stock has a 50-day simple moving average of $65.66 and a 200-day simple moving average of $64.16. 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 1-year low of $50.60 and a 1-year high of $75.53.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.40. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. The business had revenue of $327.72 million during the quarter, compared to analyst estimates of $322.21 million. During the same period last year, the company earned $1.85 earnings per share. Warrior Met Coal's quarterly revenue was down 22.6% compared to the same quarter last year. As a group, sell-side analysts expect that Warrior Met Coal, Inc. will post 5.62 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.08 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.32 annualized dividend and a yield of 0.47%. Warrior Met Coal's dividend payout ratio (DPR) is currently 4.42%.

Analyst Ratings Changes

Separately, B. Riley increased their price target on Warrior Met Coal from $89.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $75.75.

About Warrior Met Coal

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.