Warrior Met Coal, Inc. (NYSE:HCC) Holdings Lifted by Van ECK Associates Corp

Van ECK Associates Corp lifted its stake in Warrior Met Coal, Inc. (NYSE:HCC) by 34.6% in the fourth quarter, HoldingsChannel reports. The fund owned 101,883 shares of the company’s stock after purchasing an additional 26,184 shares during the quarter. Van ECK Associates Corp’s holdings in Warrior Met Coal were worth $6,211,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in HCC. Millburn Ridgefield Corp acquired a new stake in Warrior Met Coal during the third quarter valued at approximately $32,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Warrior Met Coal during the fourth quarter valued at approximately $38,000. Schneider Downs Wealth Management Advisors LP acquired a new stake in Warrior Met Coal during the third quarter valued at approximately $204,000. Kingsview Wealth Management LLC acquired a new stake in Warrior Met Coal during the third quarter valued at approximately $208,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Warrior Met Coal during the third quarter valued at approximately $224,000. 92.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Warrior Met Coal

In related news, Director Alan H. Schumacher acquired 2,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were purchased at an average price of $58.15 per share, for a total transaction of $116,300.00. Following the purchase, the director now owns 30,270 shares in the company, valued at $1,760,200.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on HCC shares. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research note on Thursday. UBS Group initiated coverage on shares of Warrior Met Coal in a research report on Tuesday, January 16th. They issued a “neutral” rating and a $68.00 price target for the company. Citigroup upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and upped their price target for the company from $60.00 to $75.00 in a research report on Thursday, April 11th. B. Riley upped their price target on shares of Warrior Met Coal from $87.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday. Finally, BMO Capital Markets upped their price target on shares of Warrior Met Coal from $62.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Warrior Met Coal currently has an average rating of “Moderate Buy” and an average target price of $72.80.

Warrior Met Coal Stock Up 1.3 %

Warrior Met Coal stock opened at $66.23 on Friday. The firm has a market cap of $3.46 billion, a PE ratio of 7.97 and a beta of 1.05. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.99 and a current ratio of 6.86. The firm’s 50 day moving average price is $60.90 and its two-hundred day moving average price is $58.58. Warrior Met Coal, Inc. has a twelve month low of $31.97 and a twelve month high of $71.91.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Wednesday, May 1st. The company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.61. The firm had revenue of $503.50 million for the quarter, compared to analyst estimates of $474.99 million. Warrior Met Coal had a net margin of 25.94% and a return on equity of 24.71%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.57 EPS. On average, research analysts predict that Warrior Met Coal, Inc. will post 6.98 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Monday, May 6th will be paid a $0.08 dividend. The ex-dividend date is Friday, May 3rd. This represents a $0.32 annualized dividend and a yield of 0.48%. Warrior Met Coal’s dividend payout ratio is presently 3.85%.

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.