Third Avenue Management LLC Purchases 25,761 Shares of Warrior Met Coal $HCC

Key Points

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Third Avenue Management LLC grew its stake in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 4.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 613,206 shares of the company's stock after buying an additional 25,761 shares during the period. Warrior Met Coal makes up 5.9% of Third Avenue Management LLC's investment portfolio, making the stock its 3rd biggest holding. Third Avenue Management LLC owned about 1.17% of Warrior Met Coal worth $29,262,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Sterling Capital Management LLC raised its position in shares of Warrior Met Coal by 818.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,634 shares of the company's stock valued at $89,000 after buying an additional 1,456 shares during the last quarter. Covestor Ltd raised its position in shares of Warrior Met Coal by 14.6% during the first quarter. Covestor Ltd now owns 2,622 shares of the company's stock valued at $125,000 after buying an additional 335 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Warrior Met Coal by 5,565.4% during the first quarter. Farther Finance Advisors LLC now owns 2,946 shares of the company's stock valued at $142,000 after buying an additional 2,894 shares during the last quarter. KBC Group NV raised its position in shares of Warrior Met Coal by 41.8% during the first 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 last quarter. Finally, FNY Investment Advisers LLC raised its position in shares of Warrior Met Coal by 325.0% during the first quarter. FNY Investment Advisers LLC now owns 3,400 shares of the company's stock valued at $162,000 after buying an additional 2,600 shares during the last quarter. Institutional investors and hedge funds own 92.28% of the company's stock.

Warrior Met Coal Trading Up 3.8%

NYSE HCC traded up $2.1860 during trading hours on Friday, hitting $59.3960. The company's stock had a trading volume of 650,743 shares, compared to its average volume of 1,116,896. The stock has a fifty day moving average of $52.46 and a 200 day moving average of $49.46. Warrior Met Coal has a twelve month low of $38.00 and a twelve month high of $75.15. The firm has a market capitalization of $3.12 billion, a P/E ratio of 77.14 and a beta of 0.69. The company has a quick ratio of 3.44, a current ratio of 4.59 and a debt-to-equity ratio of 0.12.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its quarterly earnings data 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. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. The business had revenue of $297.52 million for the quarter, compared to analyst estimates of $285.63 million. During the same period in the prior year, the business posted $1.35 earnings per share. Warrior Met Coal's revenue was down 25.0% compared to the same quarter last year. 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 firm also recently disclosed 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 was Friday, August 8th. Warrior Met Coal's dividend payout ratio is currently 41.56%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. 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. B. Riley decreased their price target on shares of Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Finally, UBS Group increased their price target on shares of Warrior Met Coal from $50.00 to $60.00 and gave the company a "neutral" rating in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $63.50.

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.