Russell Investments Group Ltd. lifted its position in Warrior Met Coal, Inc. (NYSE:HCC – Free Report) by 10.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 159,439 shares of the company’s stock after purchasing an additional 15,583 shares during the quarter. Russell Investments Group Ltd. owned about 0.31% of Warrior Met Coal worth $5,853,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Point72 Middle East FZE bought a new stake in shares of Warrior Met Coal in the fourth quarter worth about $45,000. Point72 Hong Kong Ltd boosted its holdings in shares of Warrior Met Coal by 4,220.4% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,117 shares of the company’s stock worth $65,000 after purchasing an additional 2,068 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Warrior Met Coal by 86.8% in the 1st quarter. Captrust Financial Advisors now owns 3,863 shares of the company’s stock worth $143,000 after purchasing an additional 1,795 shares during the period. Covestor Ltd increased its position in shares of Warrior Met Coal by 23,505.9% during the 1st quarter. Covestor Ltd now owns 4,013 shares of the company’s stock valued at $149,000 after purchasing an additional 3,996 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Warrior Met Coal during the 4th quarter valued at $157,000. 93.66% of the stock is owned by institutional investors.
Warrior Met Coal Stock Down 1.2 %
NYSE HCC opened at $39.26 on Monday. The company has a fifty day moving average of $39.44 and a two-hundred day moving average of $37.65. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 4.40 and a beta of 1.10. The company has a quick ratio of 8.68, a current ratio of 9.79 and a debt-to-equity ratio of 0.18. Warrior Met Coal, Inc. has a 52 week low of $26.37 and a 52 week high of $44.82.
Warrior Met Coal (NYSE:HCC – Get Free Report) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.39). The firm had revenue of $379.66 million during the quarter, compared to analysts’ expectations of $407.47 million. Warrior Met Coal had a return on equity of 31.67% and a net margin of 28.47%. The business’s revenue for the quarter was down 39.3% compared to the same quarter last year. During the same period last year, the company earned $5.87 earnings per share. On average, analysts predict that Warrior Met Coal, Inc. will post 8.49 earnings per share for the current year.
Warrior Met Coal Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Friday, August 4th. Warrior Met Coal’s payout ratio is currently 3.14%.
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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Read More: Russell Investments Group Ltd. Purchases 15,583 Shares of Warrior Met Coal, Inc.