Foster & Motley Inc. Acquires New Position in Warrior Met Coal (NYSE:HCC)

Key Points

• Foster & Motley Inc. invested $373,000 in Warrior Met Coal, acquiring 7,821 shares of the company during the first quarter.
• Wall Street analysts have issued mixed ratings for Warrior Met Coal, with UBS Group recently lowering its price target from $68 to $50 while B. Riley set a target of $74 with a "buy" rating.
• Warrior Met Coal announced a quarterly dividend of $0.08 per share, representing a 0.6% yield, with the ex-dividend date on August 8th.

Foster & Motley Inc. acquired a new position in shares of Warrior Met Coal (NYSE:HCC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,821 shares of the company's stock, valued at approximately $373,000.

Several other large investors have also made changes to their positions in the business. LPL Financial LLC boosted its holdings in Warrior Met Coal by 22.5% during the fourth quarter. LPL Financial LLC now owns 6,654 shares of the company's stock valued at $361,000 after purchasing an additional 1,221 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in Warrior Met Coal during the fourth quarter valued at approximately $232,000. O Shaughnessy Asset Management LLC boosted its holdings in Warrior Met Coal by 6.1% during the fourth 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 in the last quarter. Wells Fargo & Company MN boosted its holdings in Warrior Met Coal by 25.5% during the fourth quarter. Wells Fargo & Company MN now owns 32,919 shares of the company's stock valued at $1,786,000 after purchasing an additional 6,688 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Warrior Met Coal during the fourth quarter valued at approximately $449,000. Institutional investors and hedge funds own 92.28% of the company's stock.

Wall Street Analyst Weigh In

HCC has been the subject of several recent research reports. UBS Group dropped their target price on shares of Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. B. Riley dropped their target price on shares of Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating for the company in a research report on Tuesday, July 22nd.

Warrior Met Coal Stock Performance

NYSE:HCC traded up $0.98 during mid-day trading on Monday, hitting $52.47. The stock had a trading volume of 191,070 shares, compared to its average volume of 989,442. Warrior Met Coal has a twelve month low of $38.00 and a twelve month high of $75.15. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 26.10 and a beta of 0.69. The company's 50 day simple moving average is $48.87 and its 200 day simple moving average is $48.92. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.00 and a current ratio of 5.14.

Warrior Met Coal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 8th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.6%. Warrior Met Coal's dividend payout ratio (DPR) is currently 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.