7,717 Shares in Warrior Met Coal, Inc. (NYSE:HCC) Bought by Zacks Investment Management

Zacks Investment Management purchased a new position in Warrior Met Coal, Inc. (NYSE:HCC) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,717 shares of the company’s stock, valued at approximately $493,000.

A number of other institutional investors also recently bought and sold shares of the stock. Blue Trust Inc. raised its holdings in Warrior Met Coal by 48.5% in the third quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $35,000 after purchasing an additional 180 shares in the last quarter. Ausbil Investment Management Ltd acquired a new position in shares of Warrior Met Coal during the second quarter valued at about $82,000. KBC Group NV increased its holdings in shares of Warrior Met Coal by 29.7% during the third quarter. KBC Group NV now owns 1,711 shares of the company’s stock valued at $109,000 after acquiring an additional 392 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Warrior Met Coal by 34.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,313 shares of the company’s stock valued at $145,000 after buying an additional 599 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in Warrior Met Coal in the second quarter valued at approximately $160,000. 92.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, B. Riley increased their target price on Warrior Met Coal from $89.00 to $90.00 and gave the company 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.com, the company has an average rating of “Hold” and a consensus price target of $75.75.

Warrior Met Coal Stock Up 1.7 %

Shares of HCC opened at $64.48 on Wednesday. Warrior Met Coal, Inc. has a 52-week low of $50.60 and a 52-week high of $75.53. The company has a market capitalization of $3.37 billion, a PE ratio of 8.91 and a beta of 1.03. The stock has a fifty day simple moving average of $65.90 and a two-hundred day simple moving average of $64.13. 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 (NYSE:HCC) last issued its earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.40. The business had revenue of $327.72 million during the quarter, compared to the consensus estimate of $322.21 million. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. The company’s revenue for the quarter was down 22.6% on a year-over-year basis. During the same period last year, the company earned $1.85 EPS. As a group, equities analysts forecast that Warrior Met Coal, Inc. will post 5.62 EPS for the current year.

Warrior Met Coal Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Tuesday, November 5th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 4.42%.

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.