State of Alaska Department of Revenue Buys 2,231 Shares of Warrior Met Coal $HCC

State of Alaska Department of Revenue boosted its stake in Warrior Met Coal (NYSE:HCC) by 7.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,343 shares of the company’s stock after purchasing an additional 2,231 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of Warrior Met Coal worth $1,436,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in HCC. GAMMA Investing LLC grew its position in shares of Warrior Met Coal by 23.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,346 shares of the company’s stock valued at $62,000 after acquiring an additional 253 shares during the period. Covestor Ltd grew its position in shares of Warrior Met Coal by 14.6% during the 1st quarter. Covestor Ltd now owns 2,622 shares of the company’s stock valued at $125,000 after acquiring an additional 335 shares during the period. Farther Finance Advisors LLC grew its position in shares of Warrior Met Coal by 5,565.4% during the 1st quarter. Farther Finance Advisors LLC now owns 2,946 shares of the company’s stock valued at $142,000 after acquiring an additional 2,894 shares during the period. KBC Group NV grew its position in shares of Warrior Met Coal by 41.8% during the 1st quarter. KBC Group NV now owns 3,033 shares of the company’s stock valued at $145,000 after acquiring an additional 894 shares during the period. Finally, FNY Investment Advisers LLC grew its position in shares of Warrior Met Coal by 325.0% during the 1st quarter. FNY Investment Advisers LLC now owns 3,400 shares of the company’s stock valued at $162,000 after acquiring an additional 2,600 shares during the period. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Stock Down 0.7%

Shares of NYSE HCC opened at $64.16 on Friday. The firm’s 50-day moving average price is $59.46 and its 200-day moving average price is $51.77. The company has a current ratio of 4.59, a quick ratio of 3.44 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 83.32 and a beta of 0.78. Warrior Met Coal has a 12-month low of $38.00 and a 12-month high of $75.15.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.39. The firm had revenue of $297.52 million for the quarter, compared to analysts’ expectations of $285.63 million. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. The business’s revenue was down 25.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.35 EPS. On average, equities research analysts anticipate that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, August 8th. Warrior Met Coal’s dividend payout ratio is currently 41.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HCC shares. Zacks Research raised shares of Warrior Met Coal from a “strong sell” rating to a “hold” rating in a research report on Monday, September 22nd. UBS Group boosted their price objective on shares of Warrior Met Coal from $50.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. 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 note on Tuesday, July 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Warrior Met Coal in a research note on Saturday, September 27th. Finally, BMO Capital Markets set a $55.00 target price on shares of Warrior Met Coal and gave the company a “market perform” rating in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Warrior Met Coal has an average 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.