Nuveen LLC Purchases Shares of 141,677 Warrior Met Coal $HCC

Nuveen LLC purchased a new stake in Warrior Met Coal (NYSE:HCC) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 141,677 shares of the company’s stock, valued at approximately $6,761,000. Nuveen LLC owned about 0.27% of Warrior Met Coal as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Covestor Ltd grew its position in shares of Warrior Met Coal by 14.6% during the first quarter. Covestor Ltd now owns 2,622 shares of the company’s stock worth $125,000 after acquiring an additional 335 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Warrior Met Coal by 5,565.4% during the first quarter. Farther Finance Advisors LLC now owns 2,946 shares of the company’s stock worth $142,000 after acquiring an additional 2,894 shares during the last quarter. KBC Group NV grew its position in shares of Warrior Met Coal by 41.8% during the first quarter. KBC Group NV now owns 3,033 shares of the company’s stock worth $145,000 after acquiring an additional 894 shares during the last quarter. FNY Investment Advisers LLC grew its position in shares of Warrior Met Coal by 325.0% during the first quarter. FNY Investment Advisers LLC now owns 3,400 shares of the company’s stock worth $162,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Significant Wealth Partners LLC grew its position in shares of Warrior Met Coal by 26.5% during the first quarter. Significant Wealth Partners LLC now owns 5,005 shares of the company’s stock worth $239,000 after acquiring an additional 1,049 shares during the last quarter. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Warrior Met Coal Price Performance

Shares of NYSE HCC opened at $59.3960 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.59 and a quick ratio of 3.44. The stock has a fifty day moving average price of $52.46 and a 200 day moving average price of $49.40. Warrior Met Coal has a 1-year low of $38.00 and a 1-year high of $75.15. The company has a market cap of $3.12 billion, a PE ratio of 77.14 and a beta of 0.69.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.39. Warrior Met Coal had a return on equity of 2.26% and a net margin of 3.30%.The firm had revenue of $297.52 million during the quarter, compared to the consensus estimate of $285.63 million. During the same period last year, the company earned $1.35 earnings per share. The company’s revenue for the quarter was down 25.0% on a year-over-year basis. Sell-side analysts forecast that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Warrior Met Coal’s dividend payout ratio (DPR) is currently 41.56%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on HCC shares. UBS Group raised their target price on shares of Warrior Met Coal from $50.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 20th. BMO Capital Markets set a $55.00 target price on shares of Warrior Met Coal and gave the stock a “market perform” rating in a research report on Thursday, August 7th. Finally, B. Riley lowered their target price on shares of Warrior Met Coal from $76.00 to $74.00 and set a “buy” rating on the stock in a research report on Tuesday, July 22nd. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Warrior Met Coal currently has a consensus rating of “Hold” and a consensus target price of $63.50.

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.