Principal Financial Group Inc. Buys 10,608 Shares of Warrior Met Coal (NYSE:HCC)

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

Several other hedge funds have also recently bought and sold shares of the stock. Summit Investment Advisors Inc. lifted its position in Warrior Met Coal by 5.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,424 shares of the company's stock worth $294,000 after acquiring an additional 260 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of Warrior Met Coal by 2.5% during the first quarter. SummerHaven Investment Management LLC now owns 11,350 shares of the company's stock worth $542,000 after purchasing an additional 272 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Warrior Met Coal by 31.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company's stock worth $64,000 after purchasing an additional 279 shares during the period. HighTower Advisors LLC increased its holdings in shares of Warrior Met Coal by 5.6% during the fourth quarter. HighTower Advisors LLC now owns 5,878 shares of the company's stock worth $319,000 after purchasing an additional 314 shares during the period. Finally, Covestor Ltd increased its holdings in shares of Warrior Met Coal by 46.6% during the fourth quarter. Covestor Ltd now owns 2,287 shares of the company's stock worth $124,000 after purchasing 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 brokerages have recently commented on HCC. B. Riley lowered their target price 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. UBS Group lowered their target price 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.

Warrior Met Coal Price Performance

HCC traded up $1.81 during trading on Friday, hitting $53.00. 768,684 shares of the stock traded hands, compared to its average volume of 842,418. Warrior Met Coal has a twelve month low of $38.00 and a twelve month high of $75.15. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 26.37 and a beta of 0.67. 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 business has a 50 day moving average price of $46.86 and a 200 day moving average price of $48.98.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its quarterly earnings data 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 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 quarter in the prior year, the firm earned $2.63 earnings per share. The firm's revenue for the quarter was down 40.4% on a year-over-year basis. Equities research analysts forecast that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.32 annualized dividend and a yield of 0.60%. Warrior Met Coal's dividend payout ratio is currently 15.92%.

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.