LPL Financial LLC Boosts Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

LPL Financial LLC increased its holdings in Warrior Met Coal, Inc. (NYSE:HCC) by 22.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,654 shares of the company’s stock after purchasing an additional 1,221 shares during the period. LPL Financial LLC’s holdings in Warrior Met Coal were worth $361,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. American Century Companies Inc. lifted its stake in Warrior Met Coal by 7.1% in the fourth quarter. American Century Companies Inc. now owns 1,748,274 shares of the company’s stock worth $94,826,000 after purchasing an additional 115,675 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Warrior Met Coal by 10.1% in the 4th quarter. Allianz Asset Management GmbH now owns 1,378,645 shares of the company’s stock valued at $74,778,000 after acquiring an additional 126,911 shares during the last quarter. River Road Asset Management LLC lifted its stake in shares of Warrior Met Coal by 2.1% in the 4th quarter. River Road Asset Management LLC now owns 888,388 shares of the company’s stock valued at $48,186,000 after acquiring an additional 18,031 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Warrior Met Coal by 14.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 671,427 shares of the company’s stock valued at $42,904,000 after acquiring an additional 83,331 shares during the period. Finally, Hosking Partners LLP grew its position in Warrior Met Coal by 9.6% during the 4th quarter. Hosking Partners LLP now owns 524,833 shares of the company’s stock worth $28,467,000 after acquiring an additional 45,868 shares during the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Price Performance

Shares of HCC stock opened at $49.07 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.99 and a current ratio of 5.20. Warrior Met Coal, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $75.53. The firm has a market cap of $2.58 billion, a P/E ratio of 10.24 and a beta of 0.80. The business’s 50 day moving average price is $47.63 and its 200-day moving average price is $55.73.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.34). Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. The company had revenue of $297.47 million during the quarter, compared to the consensus estimate of $331.70 million. On average, equities research analysts anticipate that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, May 5th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $0.32 annualized dividend and a yield of 0.65%. Warrior Met Coal’s dividend payout ratio (DPR) is presently 6.68%.

Wall Street Analyst Weigh In

HCC has been the subject of several recent research reports. Jefferies Financial Group lowered their price objective on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research report on Friday, February 14th. Finally, B. Riley decreased their price objective on shares of Warrior Met Coal from $86.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday, April 11th.

About Warrior Met Coal

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.