A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. UBS Asset Management Americas Inc. purchased a new position in shares of Warrior Met Coal in the 4th quarter worth $206,000. Teacher Retirement System of Texas purchased a new position in shares of Warrior Met Coal during the 4th quarter worth about $286,000. Wells Fargo & Company MN boosted its stake in shares of Warrior Met Coal by 1,492,900.0% during the 3rd quarter. Wells Fargo & Company MN now owns 14,930 shares of the company’s stock worth $352,000 after purchasing an additional 14,929 shares during the period. Virtu Financial LLC purchased a new position in shares of Warrior Met Coal during the 4th quarter worth about $383,000. Finally, Macquarie Group Ltd. boosted its stake in shares of Warrior Met Coal by 285.0% during the 4th quarter. Macquarie Group Ltd. now owns 15,400 shares of the company’s stock worth $387,000 after purchasing an additional 11,400 shares during the period.
MetLife Investment Advisors LLC purchased a new stake in Warrior Met Coal (NYSE:HCC) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 16,223 shares of the company’s stock, valued at approximately $408,000.
In other news, insider Brian M. Chopin sold 21,106 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $31.84, for a total value of $672,015.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jack K. Richardson sold 50,991 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $31.79, for a total transaction of $1,621,003.89. The disclosure for this sale can be found here. Insiders sold a total of 174,533 shares of company stock worth $5,400,965 over the last ninety days. Insiders own 0.51% of the company’s stock.
Several equities research analysts have issued reports on HCC shares. B. Riley reissued a “hold” rating and issued a $28.00 price objective on shares of Warrior Met Coal in a research report on Wednesday, January 17th. Macquarie raised shares of Warrior Met Coal from an “underperform” rating to a “hold” rating in a research report on Tuesday, January 23rd. Credit Suisse Group boosted their price target on shares of Warrior Met Coal from $18.75 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th. Zacks Investment Research upgraded shares of Warrior Met Coal from a “hold” rating to a “strong-buy” rating and set a $31.00 price target for the company in a report on Monday, February 12th. Finally, BMO Capital Markets boosted their price target on shares of Warrior Met Coal to $39.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $27.55.
NYSE:HCC opened at $24.98 on Wednesday. The company has a market cap of $1.47 billion and a price-to-earnings ratio of 3.17. Warrior Met Coal has a twelve month low of $15.10 and a twelve month high of $33.72. The company has a current ratio of 4.79, a quick ratio of 4.36 and a debt-to-equity ratio of 0.80.
Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, May 2nd. The company reported $3.42 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.34. The company had revenue of $421.80 million for the quarter, compared to the consensus estimate of $396.35 million. Warrior Met Coal had a net margin of 39.30% and a return on equity of 73.24%. Warrior Met Coal’s revenue was up 66.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.06 EPS. equities research analysts expect that Warrior Met Coal will post 7.53 earnings per share for the current year.
Warrior Met Coal announced that its Board of Directors has initiated a share buyback program on Wednesday, May 2nd that permits the company to buyback $40.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 3.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 11th. Stockholders of record on Friday, May 4th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Thursday, May 3rd. Warrior Met Coal’s dividend payout ratio (DPR) is currently 2.53%.
Warrior Met Coal Company Profile
Warrior Met Coal, Inc produces and exports 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.