Van ECK Associates Corp Raises Position in Warrior Met Coal, Inc. (NYSE:HCC)

Van ECK Associates Corp increased its position in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 34.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 101,883 shares of the company's stock after acquiring an additional 26,184 shares during the quarter. Van ECK Associates Corp owned about 0.20% of Warrior Met Coal worth $6,211,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in HCC. Millburn Ridgefield Corp bought a new position in Warrior Met Coal in the 3rd quarter worth about $32,000. McGlone Suttner Wealth Management Inc. bought a new stake in Warrior Met Coal in the 4th quarter worth approximately $38,000. Schneider Downs Wealth Management Advisors LP bought a new stake in Warrior Met Coal in the 3rd quarter worth approximately $204,000. Kingsview Wealth Management LLC bought a new stake in Warrior Met Coal in the 3rd quarter worth approximately $208,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in Warrior Met Coal in the 3rd quarter worth approximately $224,000. Institutional investors own 92.28% of the company's stock.

Insider Activity at Warrior Met Coal

In other Warrior Met Coal news, Director Alan H. Schumacher bought 2,000 shares of Warrior Met Coal stock in a transaction dated Friday, February 23rd. The shares were purchased at an average cost of $58.15 per share, with a total value of $116,300.00. Following the transaction, the director now directly owns 30,270 shares of the company's stock, valued at $1,760,200.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Warrior Met Coal Trading Up 1.3 %

Warrior Met Coal stock traded up $0.82 during mid-day trading on Friday, reaching $66.23. 621,682 shares of the company traded hands, compared to its average volume of 793,044. The firm's 50 day moving average price is $60.90 and its 200 day moving average price is $58.65. Warrior Met Coal, Inc. has a 52-week low of $31.97 and a 52-week high of $71.91. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.86 and a quick ratio of 5.99. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 7.97 and a beta of 1.05.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.61. The company had revenue of $503.50 million for the quarter, compared to analysts' expectations of $474.99 million. Warrior Met Coal had a net margin of 25.94% and a return on equity of 24.71%. Warrior Met Coal's quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.57 earnings per share. On average, analysts anticipate that Warrior Met Coal, Inc. will post 6.98 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, May 6th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Friday, May 3rd. Warrior Met Coal's payout ratio is presently 3.85%.

Analysts Set New Price Targets

A number of equities analysts have commented on HCC shares. Citigroup raised Warrior Met Coal from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $60.00 to $75.00 in a research note on Thursday, April 11th. BMO Capital Markets lifted their price target on Warrior Met Coal from $62.00 to $70.00 and gave the stock a "market perform" rating in a research note on Thursday. B. Riley lifted their price target on Warrior Met Coal from $87.00 to $91.00 and gave the stock a "buy" rating in a research note on Thursday. Benchmark reaffirmed a "hold" rating on shares of Warrior Met Coal in a research note on Thursday. Finally, UBS Group started coverage on Warrior Met Coal in a research note on Tuesday, January 16th. They issued a "neutral" rating and a $68.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $72.80.

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.