Raymond James Financial Inc. Buys New Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

Raymond James Financial Inc. bought a new stake in shares of Warrior Met Coal, Inc. (NYSE:HCC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. River Road Asset Management LLC lifted its holdings in Warrior Met Coal by 2.1% during the fourth quarter. River Road Asset Management LLC now owns 888,388 shares of the company's stock worth $48,186,000 after buying an additional 18,031 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Warrior Met Coal by 14.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 671,427 shares of the company's stock worth $42,904,000 after purchasing an additional 83,331 shares during the last quarter. Hosking Partners LLP boosted its position in Warrior Met Coal by 9.6% during the fourth quarter. Hosking Partners LLP now owns 524,833 shares of the company's stock valued at $28,467,000 after purchasing an additional 45,868 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Warrior Met Coal in the fourth quarter valued at about $1,300,000. Finally, Principal Financial Group Inc. raised its holdings in Warrior Met Coal by 3.8% in the third quarter. Principal Financial Group Inc. now owns 298,308 shares of the company's stock worth $19,062,000 after purchasing an additional 10,787 shares in the last quarter. Institutional investors own 92.28% of the company's stock.

Warrior Met Coal Stock Performance

HCC stock traded down $2.94 during trading on Thursday, reaching $44.88. The company had a trading volume of 447,243 shares, compared to its average volume of 783,135. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.99 and a current ratio of 5.20. Warrior Met Coal, Inc. has a twelve month low of $38.00 and a twelve month high of $75.53. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 9.39 and a beta of 0.80. The firm has a 50-day simple moving average of $47.65 and a 200-day simple moving average of $55.47.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.28). The firm had revenue of $299.94 million during the quarter, compared to analyst estimates of $296.39 million. Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. Warrior Met Coal's revenue was down 40.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.63 earnings per share. As a group, sell-side analysts expect that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, May 5th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, May 5th. This represents a $0.32 dividend on an annualized basis and a yield of 0.71%. Warrior Met Coal's dividend payout ratio is presently 6.68%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HCC shares. Jefferies Financial Group cut their price objective on shares of 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. Benchmark reaffirmed a "hold" rating on shares of Warrior Met Coal in a report on Friday, February 14th. Finally, B. Riley decreased their price objective on Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating for the company in a report on Friday, April 11th.

Warrior Met Coal Company 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.