CWA Asset Management Group LLC Buys New Holdings in Warrior Met Coal (NYSE:HCC)

CWA Asset Management Group LLC bought a new stake in Warrior Met Coal (NYSE:HCC - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 7,000 shares of the company's stock, valued at approximately $334,000.

Other hedge funds have also bought and sold shares of the company. Quadrant Capital Group LLC raised its holdings in Warrior Met Coal by 31.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company's stock valued at $64,000 after acquiring an additional 279 shares during the period. Smartleaf Asset Management LLC raised its holdings in Warrior Met Coal by 304.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company's stock valued at $75,000 after acquiring an additional 1,040 shares during the period. Sterling Capital Management LLC raised its holdings in Warrior Met Coal by 818.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,634 shares of the company's stock valued at $89,000 after acquiring an additional 1,456 shares during the period. Wolverine Asset Management LLC raised its holdings in Warrior Met Coal by 264.4% in the 4th quarter. Wolverine Asset Management LLC now owns 1,741 shares of the company's stock valued at $94,000 after acquiring an additional 2,800 shares during the period. Finally, Covestor Ltd raised its holdings in Warrior Met Coal by 46.6% in the 4th quarter. Covestor Ltd now owns 2,287 shares of the company's stock valued at $124,000 after acquiring an additional 727 shares during the period. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HCC. UBS Group lowered their price target on shares of Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. B. Riley lowered their price target on shares of Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating on the stock in a report on Friday, April 11th.

Warrior Met Coal Stock Down 8.1%

Shares of HCC opened at $43.21 on Friday. Warrior Met Coal has a 12 month low of $38.00 and a 12 month high of $75.53. The firm's 50 day moving average is $47.21 and its 200-day moving average is $50.27. The stock has a market capitalization of $2.27 billion, a PE ratio of 21.50 and a beta of 0.69. The company has a current ratio of 5.14, a quick ratio of 4.00 and a debt-to-equity ratio of 0.09.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.11). Warrior Met Coal had a return on equity of 5.41% and a net margin of 7.98%. The business had revenue of $299.94 million for the quarter, compared to the consensus estimate of $296.39 million. During the same period in the prior year, the business posted $2.63 earnings per share. The firm's revenue for the quarter was down 40.4% compared to the same quarter last year. Equities research analysts forecast that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, May 5th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.32 annualized dividend and a dividend yield of 0.74%. Warrior Met Coal's dividend payout ratio is presently 15.92%.

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.

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