State of New Jersey Common Pension Fund D Takes $2.10 Million Position in Warrior Met Coal, Inc. (NYSE:HCC)

State of New Jersey Common Pension Fund D purchased a new stake in Warrior Met Coal, Inc. (NYSE:HCCGet Rating) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 68,528 shares of the company’s stock, valued at approximately $2,098,000. State of New Jersey Common Pension Fund D owned approximately 0.13% of Warrior Met Coal at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Captrust Financial Advisors raised its position in shares of Warrior Met Coal by 86.8% in the first quarter. Captrust Financial Advisors now owns 3,863 shares of the company’s stock valued at $143,000 after buying an additional 1,795 shares in the last quarter. Covestor Ltd raised its position in shares of Warrior Met Coal by 23,505.9% in the first quarter. Covestor Ltd now owns 4,013 shares of the company’s stock valued at $149,000 after buying an additional 3,996 shares in the last quarter. KBC Group NV acquired a new position in Warrior Met Coal during the second quarter valued at approximately $143,000. Triasima Portfolio Management inc. raised its position in Warrior Met Coal by 467.5% during the second quarter. Triasima Portfolio Management inc. now owns 4,710 shares of the company’s stock valued at $144,000 after purchasing an additional 3,880 shares in the last quarter. Finally, First National Trust Co acquired a new position in Warrior Met Coal during the first quarter valued at approximately $200,000. 95.26% of the stock is currently owned by institutional investors and hedge funds.

Warrior Met Coal Stock Performance

NYSE HCC opened at $37.95 on Wednesday. The firm’s fifty day moving average price is $32.54 and its two-hundred day moving average price is $32.64. The stock has a market cap of $1.96 billion, a PE ratio of 2.89 and a beta of 1.10. Warrior Met Coal, Inc. has a fifty-two week low of $20.25 and a fifty-two week high of $42.95. The company has a debt-to-equity ratio of 0.24, a quick ratio of 6.12 and a current ratio of 7.01.

Warrior Met Coal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 11th. Shareholders of record on Friday, November 4th will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, November 3rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.63%. Warrior Met Coal’s payout ratio is presently 1.83%.

Insiders Place Their Bets

In related news, Director Lisa M. Schnorr bought 1,500 shares of the firm’s stock in a transaction on Thursday, August 11th. The shares were purchased at an average price of $32.01 per share, with a total value of $48,015.00. Following the completion of the purchase, the director now owns 1,500 shares in the company, valued at approximately $48,015. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on HCC. B. Riley upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $48.00 to $50.00 in a research report on Friday, September 23rd. BMO Capital Markets boosted their price objective on shares of Warrior Met Coal from $30.00 to $39.00 and gave the company a “market perform” rating in a research report on Thursday, November 3rd. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Warrior Met Coal presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.33.

Warrior Met Coal Profile

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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.

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Institutional Ownership by Quarter for Warrior Met Coal (NYSE:HCC)

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