Warrior Met Coal, Inc. (NYSE:HCC) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp boosted its holdings in Warrior Met Coal, Inc. (NYSE:HCC) by 34.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,883 shares of the company’s stock after acquiring an additional 26,184 shares during the period. Van ECK Associates Corp owned about 0.20% of Warrior Met Coal worth $6,211,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in HCC. SummerHaven Investment Management LLC boosted its stake in Warrior Met Coal by 1.0% in the 4th quarter. SummerHaven Investment Management LLC now owns 18,938 shares of the company’s stock worth $1,155,000 after purchasing an additional 192 shares during the period. Meixler Investment Management Ltd. increased its position in shares of Warrior Met Coal by 6.1% in the fourth quarter. Meixler Investment Management Ltd. now owns 46,252 shares of the company’s stock worth $2,820,000 after purchasing an additional 2,642 shares during the period. Yousif Capital Management LLC increased its holdings in Warrior Met Coal by 5.8% in the 4th quarter. Yousif Capital Management LLC now owns 28,584 shares of the company’s stock valued at $1,743,000 after buying an additional 1,558 shares during the period. Illinois Municipal Retirement Fund raised its holdings in shares of Warrior Met Coal by 4.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 29,409 shares of the company’s stock worth $1,793,000 after buying an additional 1,297 shares in the last quarter. Finally, Private Client Services LLC bought a new stake in shares of Warrior Met Coal during the fourth quarter worth $851,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HCC. B. Riley upped their price objective on shares of Warrior Met Coal from $87.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $60.00 to $75.00 in a report on Thursday, April 11th. UBS Group assumed coverage on Warrior Met Coal in a research report on Tuesday, January 16th. They issued a “neutral” rating and a $68.00 price target on the stock. BMO Capital Markets upped their price target on Warrior Met Coal from $62.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday. Finally, Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $72.80.

Warrior Met Coal Stock Up 1.3 %

Warrior Met Coal stock opened at $66.23 on Friday. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 7.97 and a beta of 1.05. The stock has a fifty day simple moving average of $60.90 and a two-hundred day simple moving average of $58.58. Warrior Met Coal, Inc. has a 12 month low of $31.97 and a 12 month high of $71.91. The company has a current ratio of 6.86, a quick ratio of 5.99 and a debt-to-equity ratio of 0.10.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, May 1st. The company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.61. The business had revenue of $503.50 million during the quarter, compared to analyst estimates of $474.99 million. Warrior Met Coal had a return on equity of 24.71% and a net margin of 25.94%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.57 EPS. Equities analysts predict that Warrior Met Coal, Inc. will post 6.98 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, May 6th will be paid a $0.08 dividend. The ex-dividend date is Friday, May 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.48%. Warrior Met Coal’s dividend payout ratio (DPR) is currently 3.85%.

Insider Transactions at Warrior Met Coal

In other news, Director Alan H. Schumacher purchased 2,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were purchased at an average cost of $58.15 per share, for a total transaction of $116,300.00. Following the purchase, the director now directly owns 30,270 shares in the company, valued at approximately $1,760,200.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Warrior Met Coal 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.