Warrior Met Coal $HCC Stock Holdings Lifted by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS boosted its position in shares of Warrior Met Coal (NYSE:HCC) by 9.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,800 shares of the company’s stock after purchasing an additional 1,900 shares during the period. KLP Kapitalforvaltning AS’s holdings in Warrior Met Coal were worth $999,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of HCC. Principal Financial Group Inc. boosted its holdings in Warrior Met Coal by 3.4% in the first quarter. Principal Financial Group Inc. now owns 322,545 shares of the company’s stock worth $15,392,000 after purchasing an additional 10,608 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Warrior Met Coal during the first quarter valued at about $334,000. Kennondale Capital Management LLC raised its position in shares of Warrior Met Coal by 39.1% during the first quarter. Kennondale Capital Management LLC now owns 38,586 shares of the company’s stock valued at $1,841,000 after buying an additional 10,839 shares during the last quarter. Comerica Bank raised its position in Warrior Met Coal by 29.8% in the first quarter. Comerica Bank now owns 27,009 shares of the company’s stock worth $1,289,000 after purchasing an additional 6,197 shares in the last quarter. Finally, Skylands Capital LLC acquired a new position in Warrior Met Coal in the first quarter worth about $1,312,000. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Warrior Met Coal Stock Performance

Shares of HCC stock opened at $65.69 on Thursday. The firm has a 50-day moving average of $61.47 and a 200-day moving average of $52.70. The company has a market cap of $3.45 billion, a P/E ratio of 85.31 and a beta of 0.78. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.59 and a quick ratio of 3.44. Warrior Met Coal has a one year low of $38.00 and a one year high of $75.15.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, August 6th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.28) by $0.39. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. The company had revenue of $297.52 million during the quarter, compared to the consensus estimate of $285.63 million. During the same quarter in the prior year, the company posted $1.35 earnings per share. The firm’s revenue for the quarter was down 25.0% on a year-over-year basis. Equities research analysts forecast 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. Shareholders of record on Friday, August 8th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, August 8th. Warrior Met Coal’s dividend payout ratio (DPR) is currently 41.56%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on HCC shares. UBS Group raised their price objective on shares of Warrior Met Coal from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Warrior Met Coal from a “sell” rating to a “hold” rating in a report on Saturday, October 11th. BMO Capital Markets set a $55.00 price objective on shares of Warrior Met Coal and gave the stock a “market perform” rating in a report on Thursday, August 7th. Zacks Research upgraded shares of Warrior Met Coal from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Warrior Met Coal in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $65.50.

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.