83,954 Shares in Warrior Met Coal, Inc. (NYSE:HCC) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in shares of Warrior Met Coal, Inc. (NYSE:HCC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 83,954 shares of the company's stock, valued at approximately $4,554,000. Raymond James Financial Inc. owned 0.16% of Warrior Met Coal as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC increased its position in shares of Warrior Met Coal by 413.2% during the third quarter. Barclays PLC now owns 101,302 shares of the company's stock valued at $6,474,000 after buying an additional 81,561 shares during the period. Tidal Investments LLC bought a new stake in Warrior Met Coal in the third quarter worth $1,858,000. Franklin Resources Inc. lifted its stake in shares of Warrior Met Coal by 3.6% in the 3rd quarter. Franklin Resources Inc. now owns 61,209 shares of the company's stock valued at $3,966,000 after acquiring an additional 2,114 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Warrior Met Coal by 3.8% during the 3rd quarter. Principal Financial Group Inc. now owns 298,308 shares of the company's stock valued at $19,062,000 after buying an additional 10,787 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Warrior Met Coal by 14.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 671,427 shares of the company's stock worth $42,904,000 after acquiring an additional 83,331 shares during the last quarter. Institutional investors own 92.28% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on HCC. B. Riley lowered their target price 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. Jefferies Financial Group lowered their price objective on Warrior Met Coal from $75.00 to $65.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Finally, Benchmark restated a "hold" rating on shares of Warrior Met Coal in a research note on Friday, February 14th.

Warrior Met Coal Stock Down 1.6 %

NYSE HCC traded down $0.76 during trading on Wednesday, reaching $47.89. 375,620 shares of the company's stock traded hands, compared to its average volume of 781,502. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 10.00 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.20 and a quick ratio of 3.99. The company's 50 day simple moving average is $47.62 and its two-hundred day simple moving average is $55.53. Warrior Met Coal, Inc. has a 12-month low of $38.00 and a 12-month high of $75.53.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.34). The business had revenue of $297.47 million during the quarter, compared to analyst estimates of $331.70 million. Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. As a group, sell-side analysts forecast that Warrior Met Coal, Inc. will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, May 5th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Monday, May 5th. Warrior Met Coal's dividend payout ratio is presently 6.68%.

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.