Raymond James Financial Services Advisors Inc. acquired a new position in shares of Warrior Met Coal Inc (NYSE:HCC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,973 shares of the company’s stock, valued at approximately $275,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Point72 Asia Hong Kong Ltd bought a new stake in Warrior Met Coal in the first quarter worth $114,000. Asset Management One Co. Ltd. bought a new stake in Warrior Met Coal in the first quarter worth $157,000. SG Americas Securities LLC bought a new stake in Warrior Met Coal in the first quarter worth $270,000. BNP Paribas Arbitrage SA lifted its stake in Warrior Met Coal by 45.2% in the first quarter. BNP Paribas Arbitrage SA now owns 10,984 shares of the company’s stock worth $308,000 after purchasing an additional 3,419 shares during the last quarter. Finally, Chicago Equity Partners LLC bought a new stake in Warrior Met Coal in the first quarter worth $332,000.
HCC has been the subject of several recent research reports. MKM Partners boosted their price target on shares of Warrior Met Coal to $29.00 in a research note on Wednesday, May 16th. Zacks Investment Research downgraded shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. Citigroup lowered their price target on shares of Warrior Met Coal from $33.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, August 8th. Royal Bank of Canada set a $34.00 price target on shares of Warrior Met Coal and gave the stock a “hold” rating in a research note on Thursday, August 2nd. Finally, Morgan Stanley boosted their price target on shares of Warrior Met Coal from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, June 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $29.20.
HCC stock opened at $23.99 on Thursday. Warrior Met Coal Inc has a 12-month low of $18.56 and a 12-month high of $33.72. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 2.78 and a beta of 0.56. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.02 and a current ratio of 2.53.
Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Wednesday, August 1st. The company reported $1.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.14). Warrior Met Coal had a net margin of 37.56% and a return on equity of 82.44%. The firm had revenue of $322.56 million during the quarter, compared to analysts’ expectations of $331.76 million. The business’s revenue for the quarter was down 11.2% compared to the same quarter last year. equities analysts predict that Warrior Met Coal Inc will post 7.87 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 10th. Shareholders of record on Friday, August 3rd were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Thursday, August 2nd. Warrior Met Coal’s payout ratio is 2.53%.
About Warrior Met Coal
Warrior Met Coal, Inc produces and exports 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.
Further Reading: How are Outstanding Shares Different from Authorized Shares?
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