Hsbc Holdings PLC raised its stake in shares of Warrior Met Coal, Inc. (NYSE:HCC – Free Report) by 18.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 156,011 shares of the company’s stock after purchasing an additional 24,550 shares during the quarter. Hsbc Holdings PLC owned 0.30% of Warrior Met Coal worth $8,077,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of HCC. Renaissance Technologies LLC boosted its stake in shares of Warrior Met Coal by 74.7% in the 1st quarter. Renaissance Technologies LLC now owns 2,125,379 shares of the company’s stock valued at $78,873,000 after purchasing an additional 909,000 shares in the last quarter. Norges Bank acquired a new stake in Warrior Met Coal during the 4th quarter valued at $20,182,000. Millennium Management LLC raised its position in Warrior Met Coal by 769.3% in the 4th quarter. Millennium Management LLC now owns 427,377 shares of the company’s stock valued at $14,804,000 after purchasing an additional 378,214 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Warrior Met Coal in the fourth quarter worth $12,790,000. Finally, Goldman Sachs Group Inc. boosted its stake in Warrior Met Coal by 56.1% in the first quarter. Goldman Sachs Group Inc. now owns 973,373 shares of the company’s stock worth $36,122,000 after purchasing an additional 349,848 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors.
Warrior Met Coal Price Performance
Warrior Met Coal stock opened at $58.85 on Tuesday. The business’s 50-day simple moving average is $62.16 and its 200 day simple moving average is $53.14. The company has a quick ratio of 5.99, a current ratio of 7.24 and a debt-to-equity ratio of 0.10. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 6.40 and a beta of 1.13. Warrior Met Coal, Inc. has a 12-month low of $31.97 and a 12-month high of $69.97.
Warrior Met Coal (NYSE:HCC – Get Free Report) last issued its earnings results on Wednesday, February 14th. The company reported $2.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.16 by ($0.67). Warrior Met Coal had a net margin of 28.55% and a return on equity of 28.99%. The business had revenue of $363.80 million during the quarter, compared to the consensus estimate of $393.04 million. During the same period last year, the business posted $1.90 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts anticipate that Warrior Met Coal, Inc. will post 8.55 earnings per share for the current year.
Warrior Met Coal Dividend Announcement
The business also recently announced a None dividend, which will be paid on Thursday, March 7th. Shareholders of record on Friday, March 1st will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, February 29th. Warrior Met Coal’s dividend payout ratio (DPR) is currently 3.48%.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. BMO Capital Markets lifted their price target on Warrior Met Coal from $43.00 to $48.00 and gave the company a “market perform” rating in a report on Friday, November 3rd. UBS Group started coverage on shares of Warrior Met Coal in a research report on Tuesday, January 16th. They issued a “neutral” rating and a $68.00 price objective for the company.
Check Out Our Latest Stock Analysis on Warrior Met Coal
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.
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