T. Rowe Price Investment Management Inc. increased its stake in Warrior Met Coal (NYSE:HCC - Free Report) by 18.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,361,627 shares of the company's stock after purchasing an additional 367,326 shares during the period. T. Rowe Price Investment Management Inc. owned 4.49% of Warrior Met Coal worth $112,697,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in Warrior Met Coal by 3.4% during the 1st quarter. Principal Financial Group Inc. now owns 322,545 shares of the company's stock worth $15,392,000 after buying an additional 10,608 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in Warrior Met Coal during the 1st quarter worth approximately $334,000. D. E. Shaw & Co. Inc. raised its position in Warrior Met Coal by 14.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 58,877 shares of the company's stock worth $3,193,000 after buying an additional 7,426 shares during the last quarter. Kennondale Capital Management LLC raised its position in Warrior Met Coal by 39.1% during the 1st quarter. Kennondale Capital Management LLC now owns 38,586 shares of the company's stock worth $1,841,000 after buying an additional 10,839 shares during the last quarter. Finally, Skylands Capital LLC purchased a new position in Warrior Met Coal during the 1st quarter worth approximately $1,312,000. 92.28% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the stock. UBS Group raised their price target on shares of Warrior Met Coal from $50.00 to $60.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. B. Riley reduced their price target 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. Finally, BMO Capital Markets set a $55.00 price target on shares of Warrior Met Coal and gave the stock a "market perform" rating in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $63.50.
Check Out Our Latest Stock Report on HCC
Warrior Met Coal Stock Performance
Shares of NYSE:HCC traded up $0.90 during trading on Monday, hitting $60.21. 531,132 shares of the stock traded hands, compared to its average volume of 994,226. The company has a quick ratio of 3.44, a current ratio of 4.59 and a debt-to-equity ratio of 0.12. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 78.19 and a beta of 0.69. The company has a fifty day moving average price of $52.46 and a two-hundred day moving average price of $49.40. 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 posted its earnings results on Wednesday, August 6th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.39. The firm had revenue of $297.52 million during the quarter, compared to analyst estimates of $285.63 million. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. The business's quarterly revenue was down 25.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.35 EPS. As a group, equities analysts predict that Warrior Met Coal will post 4.86 EPS for the current year.
Warrior Met Coal Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 8th. Warrior Met Coal's payout ratio is presently 41.56%.
Warrior Met Coal Company Profile
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Free Report)
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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