JPMorgan Chase & Co. Increases Stock Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

JPMorgan Chase & Co. grew its stake in Warrior Met Coal, Inc. (NYSE:HCC) by 14.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 671,427 shares of the company’s stock after buying an additional 83,331 shares during the period. JPMorgan Chase & Co. owned 1.28% of Warrior Met Coal worth $42,904,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its position in shares of Warrior Met Coal by 48.5% during the third quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $35,000 after purchasing an additional 180 shares in the last quarter. KBC Group NV grew its position in shares of Warrior Met Coal by 29.7% during the third quarter. KBC Group NV now owns 1,711 shares of the company’s stock worth $109,000 after acquiring an additional 392 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Warrior Met Coal by 34.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,313 shares of the company’s stock worth $145,000 after acquiring an additional 599 shares during the last quarter. Malaga Cove Capital LLC purchased a new stake in Warrior Met Coal in the 2nd quarter valued at $202,000. Finally, Mackenzie Financial Corp acquired a new stake in Warrior Met Coal during the 2nd quarter worth $203,000. 92.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, B. Riley upped their price objective on Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Warrior Met Coal presently has a consensus rating of “Hold” and a consensus price target of $75.75.

Warrior Met Coal Stock Performance

Shares of HCC opened at $54.58 on Monday. The company has a market capitalization of $2.86 billion, a PE ratio of 7.54 and a beta of 1.09. Warrior Met Coal, Inc. has a 52-week low of $50.60 and a 52-week high of $75.53. The company has a 50-day simple moving average of $63.82 and a 200-day simple moving average of $62.87. The company has a quick ratio of 4.67, a current ratio of 5.81 and a debt-to-equity ratio of 0.09.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.40 by $0.40. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. The business had revenue of $327.72 million for the quarter, compared to analyst estimates of $322.21 million. During the same quarter in the previous year, the company earned $1.85 EPS. The company’s quarterly revenue was down 22.6% on a year-over-year basis. Equities research analysts predict that Warrior Met Coal, Inc. will post 5.62 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th were given a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.32 annualized dividend and a dividend yield of 0.59%. Warrior Met Coal’s dividend payout ratio is presently 4.42%.

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.