Dalal Street LLC Increases Stock Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

Dalal Street LLC boosted its position in shares of Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 144.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,704,670 shares of the company's stock after buying an additional 1,006,263 shares during the quarter. Warrior Met Coal makes up about 36.5% of Dalal Street LLC's holdings, making the stock its 2nd biggest holding. Dalal Street LLC owned about 3.26% of Warrior Met Coal worth $92,461,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HCC. Russell Investments Group Ltd. raised its position in Warrior Met Coal by 2.1% during the 4th quarter. Russell Investments Group Ltd. now owns 69,832 shares of the company's stock valued at $3,788,000 after purchasing an additional 1,418 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Warrior Met Coal in the fourth quarter worth $449,000. Wells Fargo & Company MN lifted its stake in Warrior Met Coal by 25.5% in the fourth quarter. Wells Fargo & Company MN now owns 32,919 shares of the company's stock worth $1,786,000 after acquiring an additional 6,688 shares during the period. Bryce Point Capital LLC bought a new stake in Warrior Met Coal in the fourth quarter valued at $1,351,000. Finally, O Shaughnessy Asset Management LLC increased its position in Warrior Met Coal by 6.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 22,371 shares of the company's stock valued at $1,213,000 after purchasing an additional 1,285 shares during the period. 92.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. B. Riley dropped their target price on shares of Warrior Met Coal from $90.00 to $86.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Jefferies Financial Group cut their price objective on Warrior Met Coal from $75.00 to $65.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Finally, Benchmark reissued a "hold" rating on shares of Warrior Met Coal in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Warrior Met Coal has an average rating of "Moderate Buy" and an average price target of $74.00.

Warrior Met Coal Stock Down 1.6 %

NYSE:HCC traded down $0.72 during mid-day trading on Thursday, hitting $43.93. 725,330 shares of the company's stock were exchanged, compared to its average volume of 779,952. Warrior Met Coal, Inc. has a one year low of $38.00 and a one year high of $75.53. The business has a fifty day moving average price of $48.65 and a 200 day moving average price of $56.93. The company has a market cap of $2.31 billion, a PE ratio of 9.15 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.20 and a quick ratio of 3.99.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.34). Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. The company had revenue of $297.47 million during the quarter, compared to the consensus estimate of $331.70 million. Equities analysts predict that Warrior Met Coal, Inc. will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 24th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Monday, February 24th. Warrior Met Coal's dividend payout ratio is presently 6.68%.

Warrior Met Coal 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.