Nisa Investment Advisors LLC Boosts Position in Warrior Met Coal $HCC

Nisa Investment Advisors LLC boosted its holdings in Warrior Met Coal (NYSE:HCC) by 17.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 6,830 shares of the company’s stock after buying an additional 1,008 shares during the period. Nisa Investment Advisors LLC’s holdings in Warrior Met Coal were worth $313,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HCC. GAMMA Investing LLC lifted its position in Warrior Met Coal by 23.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,346 shares of the company’s stock worth $62,000 after acquiring an additional 253 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in Warrior Met Coal by 2.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 11,639 shares of the company’s stock worth $533,000 after acquiring an additional 289 shares in the last quarter. Covestor Ltd lifted its position in Warrior Met Coal by 14.6% during the 1st quarter. Covestor Ltd now owns 2,622 shares of the company’s stock worth $125,000 after acquiring an additional 335 shares in the last quarter. BTC Capital Management Inc. lifted its position in Warrior Met Coal by 4.8% during the 2nd quarter. BTC Capital Management Inc. now owns 9,753 shares of the company’s stock worth $445,000 after acquiring an additional 444 shares in the last quarter. Finally, Moran Wealth Management LLC lifted its position in Warrior Met Coal by 2.2% during the 2nd quarter. Moran Wealth Management LLC now owns 24,905 shares of the company’s stock worth $1,141,000 after acquiring an additional 531 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Wall Street Analysts Forecast Growth

HCC has been the topic of several recent research reports. BMO Capital Markets set a $55.00 price target on Warrior Met Coal and gave the stock a “market perform” rating in a research report on Thursday, August 7th. B. Riley cut their target price on 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Warrior Met Coal in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Warrior Met Coal from a “sell” rating to a “hold” rating in a research note on Saturday, October 11th. Finally, Zacks Research upgraded shares of Warrior Met Coal from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $65.50.

Warrior Met Coal Price Performance

Shares of HCC opened at $67.85 on Monday. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 88.12 and a beta of 0.75. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.44 and a current ratio of 4.59. Warrior Met Coal has a one year low of $38.00 and a one year high of $75.15. The stock’s fifty day moving average is $62.63 and its 200-day moving average is $54.52.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.11 EPS for the quarter, topping 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%. Warrior Met Coal’s revenue for the quarter was down 25.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.35 earnings per share. Equities analysts anticipate that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, November 7th will be issued a $0.08 dividend. The ex-dividend date is Friday, November 7th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Warrior Met Coal’s dividend payout ratio is currently 41.56%.

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.