Lloyd Harbor Capital Management LLC Purchases New Position in Warrior Met Coal, Inc. (NYSE:HCC)

Lloyd Harbor Capital Management LLC acquired a new stake in shares of Warrior Met Coal, Inc. (NYSE:HCC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 155,000 shares of the company's stock, valued at approximately $8,407,000. Warrior Met Coal accounts for approximately 5.5% of Lloyd Harbor Capital Management LLC's holdings, making the stock its 6th largest position. Lloyd Harbor Capital Management LLC owned approximately 0.30% of Warrior Met Coal as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HCC. T. Rowe Price Investment Management Inc. boosted its stake in Warrior Met Coal by 272.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,994,301 shares of the company's stock valued at $108,171,000 after buying an additional 1,458,279 shares during the period. Dalal Street LLC lifted its stake in Warrior Met Coal by 144.1% during the fourth quarter. Dalal Street LLC now owns 1,704,670 shares of the company's stock worth $92,461,000 after purchasing an additional 1,006,263 shares during the last quarter. Hartree Partners LP bought a new stake in Warrior Met Coal during the fourth quarter worth about $8,760,000. Mercuria Capital Strategies LLC bought a new stake in Warrior Met Coal during the fourth quarter worth about $8,354,000. Finally, Forest Avenue Capital Management LP lifted its stake in Warrior Met Coal by 32.5% during the fourth quarter. Forest Avenue Capital Management LP now owns 545,189 shares of the company's stock worth $29,571,000 after purchasing an additional 133,642 shares during the last quarter. Institutional investors own 92.28% of the company's stock.

Analysts Set New Price Targets

HCC has been the subject of several research analyst reports. Benchmark reaffirmed a "hold" rating on shares of Warrior Met Coal in a research note on Friday, February 14th. B. Riley dropped their price target on Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Finally, UBS Group dropped their price target on Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th.

Warrior Met Coal Trading Up 3.7%

Shares of NYSE:HCC traded up $1.74 during trading on Friday, reaching $48.61. 971,675 shares of the company traded hands, compared to its average volume of 801,303. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 10.15 and a beta of 0.75. Warrior Met Coal, Inc. has a 52-week low of $38.00 and a 52-week high of $75.53. The company has a current ratio of 5.20, a quick ratio of 3.99 and a debt-to-equity ratio of 0.09. The business's fifty day moving average is $47.18 and its 200-day moving average is $54.16.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported ($0.16) earnings per share 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 net margin of 16.43% and a return on equity of 12.56%. The business's revenue for the quarter was down 40.4% compared to the same quarter last year. During the same period last year, the company posted $2.63 EPS. As a group, analysts forecast that Warrior Met Coal, Inc. will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, May 5th were issued a dividend of $0.08 per share. The ex-dividend date was Monday, May 5th. This represents a $0.32 dividend on an annualized basis and a yield of 0.66%. Warrior Met Coal's dividend payout ratio is presently 15.92%.

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.