Raymond James Financial Inc. Acquires 7,649 Shares of Warrior Met Coal $HCC

Key Points

• Raymond James Financial Inc. increased its stake in Warrior Met Coal by 9.1% in the first quarter, owning a total of 91,603 shares, valued at approximately $4.37 million.
• The company reported a net margin of 3.30% for the last quarter, with an earnings per share (EPS) of $0.11, significantly beating expectations.
• Warrior Met Coal announced a quarterly dividend of $0.08 per share, representing an annualized yield of 0.5%, with a current dividend payout ratio of 41.56%.

Raymond James Financial Inc. grew its position in Warrior Met Coal (NYSE:HCC - Free Report) by 9.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 91,603 shares of the company's stock after purchasing an additional 7,649 shares during the period. Raymond James Financial Inc. owned approximately 0.17% of Warrior Met Coal worth $4,371,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. SummerHaven Investment Management LLC boosted its holdings in shares of Warrior Met Coal by 2.5% in the 1st quarter. SummerHaven Investment Management LLC now owns 11,350 shares of the company's stock valued at $542,000 after purchasing an additional 272 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Warrior Met Coal by 14.6% in the 1st quarter. Covestor Ltd now owns 2,622 shares of the company's stock valued at $125,000 after purchasing an additional 335 shares in the last quarter. KBC Group NV boosted its holdings in shares of Warrior Met Coal by 41.8% during the 1st quarter. KBC Group NV now owns 3,033 shares of the company's stock valued at $145,000 after acquiring an additional 894 shares in the last quarter. Significant Wealth Partners LLC boosted its holdings in shares of Warrior Met Coal by 26.5% during the 1st quarter. Significant Wealth Partners LLC now owns 5,005 shares of the company's stock valued at $239,000 after acquiring an additional 1,049 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Warrior Met Coal by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,509 shares of the company's stock valued at $1,601,000 after acquiring an additional 1,134 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors.

Warrior Met Coal Trading Down 4.5%

Shares of HCC stock traded down $2.70 during mid-day trading on Monday, hitting $58.01. The company's stock had a trading volume of 733,543 shares, compared to its average volume of 785,898. The company's fifty day simple moving average is $55.58 and its 200-day simple moving average is $50.01. Warrior Met Coal has a 52 week low of $38.00 and a 52 week high of $75.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.44 and a current ratio of 4.59. The company has a market cap of $3.05 billion, a PE ratio of 75.33 and a beta of 0.74.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.39. Warrior Met Coal had a return on equity of 2.26% and a net margin of 3.30%.The firm had revenue of $297.52 million during the quarter, compared to analyst estimates of $285.63 million. During the same period last year, the company posted $1.35 EPS. The business's quarterly revenue was down 25.0% on a year-over-year basis. As a group, equities research analysts expect that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were given a $0.08 dividend. The ex-dividend date of this dividend was 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 41.56%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. BMO Capital Markets set a $55.00 price objective on Warrior Met Coal and gave the company a "market perform" rating in a report on Thursday, August 7th. B. Riley cut their price objective on Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. UBS Group raised their price objective on Warrior Met Coal from $50.00 to $60.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Finally, Wall Street Zen raised Warrior Met Coal from a "sell" rating to a "hold" rating in a report on Friday. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Warrior Met Coal presently has a consensus rating of "Hold" and a consensus target price of $63.50.

About Warrior Met Coal

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.