26,000 Shares in Warrior Met Coal, Inc. (NYSE:HCC) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in Warrior Met Coal, Inc. (NYSE:HCC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 26,000 shares of the company’s stock, valued at approximately $1,585,000.

Several other institutional investors also recently bought and sold shares of HCC. Millburn Ridgefield Corp acquired a new stake in Warrior Met Coal in the 3rd quarter worth about $32,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Warrior Met Coal in the 4th quarter worth about $38,000. Lazard Asset Management LLC boosted its holdings in Warrior Met Coal by 117.7% in the 3rd quarter. Lazard Asset Management LLC now owns 899 shares of the company’s stock worth $45,000 after buying an additional 486 shares during the last quarter. Point72 Middle East FZE acquired a new stake in Warrior Met Coal in the 4th quarter worth about $45,000. Finally, Point72 Hong Kong Ltd boosted its holdings in Warrior Met Coal by 4,220.4% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,117 shares of the company’s stock worth $65,000 after buying an additional 2,068 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HCC has been the topic of a number of research reports. Citigroup raised shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and raised their target price for the stock from $60.00 to $75.00 in a research note on Thursday, April 11th. UBS Group initiated coverage on shares of Warrior Met Coal in a research note on Tuesday, January 16th. They issued a “neutral” rating and a $68.00 target price on the stock. Finally, B. Riley decreased their target price on shares of Warrior Met Coal from $89.00 to $87.00 and set a “buy” rating on the stock in a research note on Monday, April 15th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.60.

Warrior Met Coal Trading Up 1.3 %

HCC opened at $66.98 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 7.24 and a quick ratio of 5.99. The company’s 50 day simple moving average is $59.01 and its two-hundred day simple moving average is $57.33. Warrior Met Coal, Inc. has a 1-year low of $31.97 and a 1-year high of $69.97. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 7.28 and a beta of 1.09.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, February 14th. The company reported $2.49 EPS for the quarter, missing the consensus estimate of $3.16 by ($0.67). The firm had revenue of $363.80 million for the quarter, compared to analysts’ expectations of $393.04 million. Warrior Met Coal had a net margin of 28.55% and a return on equity of 28.99%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.90 EPS. Analysts expect that Warrior Met Coal, Inc. will post 6.83 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently declared a None dividend, which was paid on Thursday, March 7th. Stockholders of record on Friday, March 1st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, February 29th. Warrior Met Coal’s payout ratio is presently 3.48%.

Insider Activity

In other news, Director Alan H. Schumacher purchased 2,000 shares of Warrior Met Coal stock in a transaction dated Friday, February 23rd. The shares were purchased at an average price of $58.15 per share, with a total value of $116,300.00. Following the transaction, the director now owns 30,270 shares in the company, valued at $1,760,200.50. The purchase was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.00% of the company’s stock.

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.