Raymond James & Associates Sells 1,465 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Raymond James & Associates lowered its position in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,304 shares of the company’s stock after selling 1,465 shares during the quarter. Raymond James & Associates owned 0.08% of Warrior Met Coal worth $2,767,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Wulff Hansen & CO. grew its position in shares of Warrior Met Coal by 6,177.0% in the second quarter. Wulff Hansen & CO. now owns 331,551 shares of the company’s stock valued at $20,811,000 after purchasing an additional 326,269 shares during the last quarter. Hosking Partners LLP boosted its stake in Warrior Met Coal by 68.9% during the 2nd quarter. Hosking Partners LLP now owns 482,147 shares of the company’s stock valued at $30,264,000 after purchasing an additional 196,601 shares during the last quarter. Clearbridge Investments LLC bought a new position in shares of Warrior Met Coal during the 1st quarter worth approximately $9,234,000. Merewether Investment Management LP bought a new position in shares of Warrior Met Coal during the 2nd quarter valued at approximately $9,190,000. Finally, Jupiter Asset Management Ltd. bought a new position in Warrior Met Coal during the first quarter worth about $7,021,000. 92.28% of the stock is currently owned by institutional investors.

Warrior Met Coal Stock Up 1.4 %

Warrior Met Coal stock opened at $65.56 on Tuesday. Warrior Met Coal, Inc. has a one year low of $44.76 and a one year high of $75.53. The stock has a fifty day moving average of $59.65 and a 200 day moving average of $63.61. The company has a debt-to-equity ratio of 0.09, a quick ratio of 5.37 and a current ratio of 5.81. The stock has a market cap of $3.43 billion, a PE ratio of 9.06 and a beta of 1.02.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.40 by $0.40. The firm had revenue of $327.72 million during the quarter, compared to analyst estimates of $322.21 million. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. The business’s revenue for the quarter was down 22.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.85 EPS. As a group, sell-side analysts predict that Warrior Met Coal, Inc. will post 5.15 EPS for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th will be given a $0.08 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $0.32 annualized dividend and a yield of 0.49%. Warrior Met Coal’s payout ratio is presently 4.42%.

Wall Street Analyst Weigh In

Several research analysts have commented on HCC shares. B. Riley raised their price target on shares of Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a research note on Monday, August 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Warrior Met Coal has a consensus rating of “Hold” and an average price target of $75.75.

Warrior Met Coal Company 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.