Janney Montgomery Scott LLC grew its holdings in Warrior Met Coal, Inc. (NYSE:HCC – Free Report) by 28.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,179 shares of the company’s stock after purchasing an additional 12,989 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.11% of Warrior Met Coal worth $2,972,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the business. Renaissance Technologies LLC raised its stake in Warrior Met Coal by 74.7% during the first quarter. Renaissance Technologies LLC now owns 2,125,379 shares of the company’s stock worth $78,873,000 after purchasing an additional 909,000 shares during the period. Norges Bank acquired a new stake in shares of Warrior Met Coal in the fourth quarter worth $20,182,000. Millennium Management LLC increased its position in shares of Warrior Met Coal by 769.3% in the fourth quarter. Millennium Management LLC now owns 427,377 shares of the company’s stock worth $14,804,000 after acquiring an additional 378,214 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Warrior Met Coal in the fourth quarter worth $12,790,000. Finally, Goldman Sachs Group Inc. increased its position in shares of 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 acquiring an additional 349,848 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.
Warrior Met Coal Price Performance
Shares of HCC stock opened at $60.78 on Thursday. The firm has a market cap of $3.16 billion, a P/E ratio of 7.02 and a beta of 1.13. The company has a debt-to-equity ratio of 0.09, a current ratio of 7.67 and a quick ratio of 6.91. Warrior Met Coal, Inc. has a 1-year low of $31.97 and a 1-year high of $69.97. The firm has a fifty day moving average of $62.06 and a two-hundred day moving average of $52.14.
Warrior Met Coal Dividend Announcement
The business also recently disclosed a 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 is Thursday, February 29th. Warrior Met Coal’s dividend payout ratio is currently 3.23%.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of Warrior Met Coal from $43.00 to $48.00 and gave the stock a “market perform” rating in a research report on Friday, November 3rd. UBS Group started coverage on shares of Warrior Met Coal in a report on Tuesday, January 16th. They set a “neutral” rating and a $68.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Warrior Met Coal presently has a consensus rating of “Hold” and an average price target of $56.60.
Get Our Latest Stock Analysis on Warrior Met Coal
Warrior Met Coal Company 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.
Further Reading
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Read More: Janney Montgomery Scott LLC Increases Position in Warrior Met Coal, Inc.