First Trust Advisors LP Increases Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

First Trust Advisors LP lifted its position in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 38.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 108,441 shares of the company's stock after purchasing an additional 30,107 shares during the quarter. First Trust Advisors LP owned about 0.21% of Warrior Met Coal worth $5,882,000 at the end of the most recent reporting period.

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

Warrior Met Coal Trading Down 1.4 %

HCC stock traded down $0.68 during mid-day trading on Tuesday, reaching $46.62. 140,879 shares of the stock traded hands, compared to its average volume of 785,034. Warrior Met Coal, Inc. has a one year low of $38.00 and a one year high of $75.53. The stock has a market capitalization of $2.45 billion, a PE ratio of 9.73 and a beta of 0.75. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.99 and a current ratio of 5.20. The business has a 50-day moving average price of $47.43 and a two-hundred day moving average price of $55.00.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.11). Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. The firm had revenue of $299.94 million for the quarter, compared to the consensus estimate of $296.39 million. The business's revenue for the quarter was down 40.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.63 earnings per share. Equities research analysts expect that Warrior Met Coal, Inc. will post 4.86 EPS for the current year.

Warrior Met Coal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, May 5th will be issued a $0.08 dividend. The ex-dividend date is Monday, May 5th. This represents a $0.32 annualized dividend and a dividend yield of 0.69%. Warrior Met Coal's payout ratio is 15.92%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HCC. B. Riley reduced their target price on shares of Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Benchmark restated a "hold" rating on shares of Warrior Met Coal in a research report on Friday, February 14th. Finally, Jefferies Financial Group lowered their price objective on Warrior Met Coal from $75.00 to $65.00 and set a "buy" rating for the company in a research note on Monday, January 6th.

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.