Skylands Capital LLC purchased a new position in shares of Warrior Met Coal (NYSE:HCC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,500 shares of the company's stock, valued at approximately $1,312,000. Skylands Capital LLC owned about 0.05% of Warrior Met Coal at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its position in Warrior Met Coal by 31.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company's stock worth $64,000 after purchasing an additional 279 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Warrior Met Coal by 304.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company's stock worth $75,000 after acquiring an additional 1,040 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of Warrior Met Coal by 818.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,634 shares of the company's stock worth $89,000 after acquiring an additional 1,456 shares in the last quarter. Covestor Ltd increased its position in shares of Warrior Met Coal by 46.6% in the fourth quarter. Covestor Ltd now owns 2,287 shares of the company's stock worth $124,000 after acquiring an additional 727 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Warrior Met Coal by 5,565.4% in the first quarter. Farther Finance Advisors LLC now owns 2,946 shares of the company's stock worth $142,000 after acquiring an additional 2,894 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms have recently issued reports on HCC. UBS Group lowered their target price on Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. B. Riley lowered their price objective on Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating for the company in a research note on Friday, April 11th.
Check Out Our Latest Stock Analysis on Warrior Met Coal
Warrior Met Coal Stock Performance
Warrior Met Coal stock opened at $43.82 on Friday. Warrior Met Coal has a 12 month low of $38.00 and a 12 month high of $75.53. The company has a fifty day moving average price of $46.68 and a two-hundred day moving average price of $49.52. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.14 and a quick ratio of 4.00. The company has a market cap of $2.30 billion, a PE ratio of 21.80 and a beta of 0.69.
Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.11). Warrior Met Coal had a net margin of 7.98% and a return on equity of 5.41%. The firm had revenue of $299.94 million for the quarter, compared to analyst estimates of $296.39 million. During the same period in the previous year, the firm earned $2.63 earnings per share. The company's revenue for the quarter was down 40.4% on a year-over-year basis. Research analysts expect that Warrior Met Coal will post 4.86 earnings per share for the current year.
Warrior Met Coal Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, May 5th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Monday, May 5th. Warrior Met Coal's payout ratio is currently 15.92%.
About Warrior Met Coal
(
Free Report)
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
Want to see what other hedge funds are holding HCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Warrior Met Coal (NYSE:HCC - Free Report).
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