Massachusetts Financial Services Co. MA Takes Position in Warrior Met Coal Inc (HCC)

Massachusetts Financial Services Co. MA purchased a new stake in shares of Warrior Met Coal Inc (NYSE:HCC) in the 2nd quarter, HoldingsChannel reports. The firm purchased 53,056 shares of the company’s stock, valued at approximately $1,462,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of Warrior Met Coal by 4.3% during the 4th quarter. Geode Capital Management LLC now owns 231,138 shares of the company’s stock valued at $5,813,000 after acquiring an additional 9,585 shares during the last quarter. Guggenheim Capital LLC acquired a new position in shares of Warrior Met Coal during the 4th quarter valued at about $482,000. Goldman Sachs Group Inc. increased its stake in shares of Warrior Met Coal by 270.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 76,168 shares of the company’s stock valued at $1,916,000 after acquiring an additional 55,597 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Warrior Met Coal by 23.3% during the 4th quarter. TIAA CREF Investment Management LLC now owns 129,417 shares of the company’s stock valued at $3,255,000 after acquiring an additional 24,495 shares during the last quarter. Finally, MetLife Investment Advisors LLC acquired a new position in shares of Warrior Met Coal during the 4th quarter valued at about $408,000.

HCC opened at $23.26 on Wednesday. The company has a market cap of $1.33 billion, a P/E ratio of 2.95 and a beta of 0.95. Warrior Met Coal Inc has a 1 year low of $18.56 and a 1 year high of $33.72. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.53 and a quick ratio of 2.02.



Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, August 1st. The company reported $1.81 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.95 by ($0.14). The business had revenue of $322.56 million for the quarter, compared to analyst estimates of $331.76 million. Warrior Met Coal had a return on equity of 82.44% and a net margin of 37.56%. Warrior Met Coal’s revenue was down 11.2% on a year-over-year basis. analysts expect that Warrior Met Coal Inc will post 7.84 earnings per share for the current year.

Warrior Met Coal announced that its Board of Directors has initiated a stock buyback plan on Wednesday, May 2nd that permits the company to repurchase $40.00 million in shares. This repurchase authorization permits the company to reacquire up to 3.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

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 annualized dividend and a yield of 0.86%. The ex-dividend date was Thursday, August 2nd. Warrior Met Coal’s dividend payout ratio (DPR) is 2.53%.

HCC has been the subject of a number of research analyst reports. MKM Partners increased their target price on shares of Warrior Met Coal to $29.00 in a research report on Wednesday, May 16th. Citigroup dropped their target price on shares of Warrior Met Coal from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, August 8th. Zacks Investment Research raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Wednesday, July 25th. Morgan Stanley increased their target price on shares of Warrior Met Coal from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, June 29th. Finally, Royal Bank of Canada set a $34.00 target price on shares of Warrior Met Coal and gave the stock a “hold” rating in a research report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $29.20.

Warrior Met Coal Profile

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.

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Institutional Ownership by Quarter for Warrior Met Coal (NYSE:HCC)

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