Empowered Funds LLC Acquires 8,802 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Empowered Funds LLC raised its holdings in Warrior Met Coal, Inc. (NYSE:HCC) by 4.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 215,667 shares of the company’s stock after buying an additional 8,802 shares during the period. Empowered Funds LLC owned 0.41% of Warrior Met Coal worth $13,781,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in Warrior Met Coal by 38.6% during the second quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock worth $32,000 after acquiring an additional 144 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Warrior Met Coal by 48.5% in the 3rd quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $35,000 after purchasing an additional 180 shares during the period. SummerHaven Investment Management LLC raised its holdings in shares of Warrior Met Coal by 1.2% in the 2nd quarter. SummerHaven Investment Management LLC now owns 19,319 shares of the company’s stock valued at $1,213,000 after purchasing an additional 231 shares during the period. Evergreen Capital Management LLC lifted its stake in Warrior Met Coal by 6.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 3,903 shares of the company’s stock valued at $245,000 after purchasing an additional 231 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in Warrior Met Coal by 1.2% during the first quarter. Sei Investments Co. now owns 23,202 shares of the company’s stock worth $1,408,000 after purchasing an additional 277 shares during the period. 92.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. B. Riley upped their price objective on Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $75.75.

Warrior Met Coal Trading Up 1.6 %

Shares of HCC stock opened at $67.54 on Friday. Warrior Met Coal, Inc. has a 12-month low of $50.12 and a 12-month high of $75.53. The company has a market capitalization of $3.53 billion, a PE ratio of 9.18 and a beta of 1.02. The firm has a 50 day moving average price of $61.64 and a two-hundred day moving average price of $63.82. The company has a quick ratio of 4.67, a current ratio of 5.81 and a debt-to-equity ratio of 0.09.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.40. The company had revenue of $327.72 million for the quarter, compared to analyst estimates of $322.21 million. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. The firm’s quarterly revenue was down 22.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.85 earnings per share. As a group, analysts predict that Warrior Met Coal, Inc. will post 5.62 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were given a $0.08 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.47%. Warrior Met Coal’s payout ratio is presently 4.42%.

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.