Warrior Met Coal (NYSE:HCC) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its holdings in Warrior Met Coal (NYSE:HCC - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 322,545 shares of the company's stock after purchasing an additional 10,608 shares during the quarter. Principal Financial Group Inc. owned 0.61% of Warrior Met Coal worth $15,392,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in HCC. Teacher Retirement System of Texas acquired a new position in shares of Warrior Met Coal during the 1st quarter worth about $365,000. Skylands Capital LLC purchased a new stake in shares of Warrior Met Coal in the 1st quarter valued at approximately $1,312,000. KBC Group NV grew its stake in shares of Warrior Met Coal by 41.8% in the 1st quarter. KBC Group NV now owns 3,033 shares of the company's stock valued at $145,000 after buying an additional 894 shares during the period. Moran Wealth Management LLC boosted its position in shares of Warrior Met Coal by 9.2% during the 1st quarter. Moran Wealth Management LLC now owns 24,374 shares of the company's stock worth $1,163,000 after purchasing an additional 2,047 shares during the period. Finally, CWA Asset Management Group LLC purchased a new position in shares of Warrior Met Coal during the 1st quarter worth approximately $334,000. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Price Performance

NYSE:HCC traded down $0.29 during trading hours on Tuesday, hitting $50.50. The company's stock had a trading volume of 822,384 shares, compared to its average volume of 843,320. The business's 50-day moving average is $46.86 and its two-hundred day moving average is $48.90. The company has a market capitalization of $2.65 billion, a PE ratio of 25.12 and a beta of 0.67. 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 has a 52-week low of $38.00 and a 52-week high of $75.15.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.11). The company had revenue of $299.94 million for the quarter, compared to analysts' expectations of $296.39 million. Warrior Met Coal had a return on equity of 5.41% and a net margin of 7.98%. The firm's quarterly revenue was down 40.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.63 EPS. As a group, research analysts anticipate that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, May 5th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Monday, May 5th. Warrior Met Coal's payout ratio is currently 15.92%.

Analysts Set New Price Targets

Several equities analysts have commented on HCC shares. UBS Group decreased their price target 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 cut 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 research note on Friday, April 11th.

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.