Janney Montgomery Scott LLC Acquires New Position in Warrior Met Coal, Inc. (NYSE:HCC)

Janney Montgomery Scott LLC acquired a new stake in Warrior Met Coal, Inc. (NYSE:HCC – Get Rating) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 39,887 shares of the company’s stock, valued at approximately $1,134,000. Janney Montgomery Scott LLC owned 0.08% of Warrior Met Coal as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new stake in Warrior Met Coal in the second quarter valued at about $43,000. Point72 Hong Kong Ltd lifted its position in shares of Warrior Met Coal by 4,220.4% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,117 shares of the company’s stock valued at $65,000 after acquiring an additional 2,068 shares during the period. Captrust Financial Advisors lifted its position in shares of Warrior Met Coal by 86.8% during the 1st quarter. Captrust Financial Advisors now owns 3,863 shares of the company’s stock valued at $143,000 after acquiring an additional 1,795 shares during the period. Covestor Ltd lifted its position in shares of Warrior Met Coal by 23,505.9% during the 1st quarter. Covestor Ltd now owns 4,013 shares of the company’s stock valued at $149,000 after acquiring an additional 3,996 shares during the period. Finally, KBC Group NV acquired a new stake in shares of Warrior Met Coal during the 2nd quarter valued at approximately $143,000. Institutional investors and hedge funds own 98.01% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on HCC. B. Riley lifted their price target on shares of Warrior Met Coal from $50.00 to $55.00 in a research report on Tuesday. BMO Capital Markets lifted their price target 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $48.00.

Warrior Met Coal Stock Up 5.5 %

Shares of NYSE:HCC opened at $36.33 on Wednesday. The company has a quick ratio of 6.12, a current ratio of 7.01 and a debt-to-equity ratio of 0.24. Warrior Met Coal, Inc. has a 52-week low of $24.92 and a 52-week high of $42.95. The stock’s fifty day simple moving average is $35.19 and its 200-day simple moving average is $33.16. The company has a market capitalization of $1.88 billion, a P/E ratio of 2.76 and a beta of 1.05.

Warrior Met Coal (NYSE:HCC – Get Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.49. Warrior Met Coal had a return on equity of 64.38% and a net margin of 37.59%. The business had revenue of $390.18 million for the quarter, compared to the consensus estimate of $354.95 million. As a group, equities research analysts forecast that Warrior Met Coal, Inc. will post 12.73 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 11th. Stockholders of record on Friday, November 4th were given a $0.06 dividend. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $0.24 annualized dividend and a dividend yield of 0.66%. Warrior Met Coal’s dividend payout ratio is currently 1.83%.

About Warrior Met Coal

(Get Rating)

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.