Tidal Investments LLC bought a new stake in shares of Warrior Met Coal, Inc. (NYSE:HCC - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,084 shares of the company's stock, valued at approximately $1,858,000. Tidal Investments LLC owned about 0.06% of Warrior Met Coal at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of Warrior Met Coal by 48.5% during the third quarter. Blue Trust Inc. now owns 551 shares of the company's stock valued at $35,000 after acquiring an additional 180 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of Warrior Met Coal by 1.2% during the second quarter. SummerHaven Investment Management LLC now owns 19,319 shares of the company's stock valued at $1,213,000 after acquiring an additional 231 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in shares of Warrior Met Coal by 6.3% during the second quarter. Evergreen Capital Management LLC now owns 3,903 shares of the company's stock valued at $245,000 after acquiring an additional 231 shares during the last quarter. Creative Planning grew its position in shares of Warrior Met Coal by 1.7% in the third quarter. Creative Planning now owns 20,700 shares of the company's stock valued at $1,323,000 after purchasing an additional 338 shares in the last quarter. Finally, Arizona State Retirement System grew its position in shares of Warrior Met Coal by 2.4% in the second quarter. Arizona State Retirement System now owns 14,640 shares of the company's stock valued at $919,000 after purchasing an additional 344 shares in the last quarter. Institutional investors and hedge funds own 92.28% of the company's stock.
Separately, B. Riley upped their price target on Warrior Met Coal from $89.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $75.75.
Get Our Latest Stock Analysis on Warrior Met Coal
Shares of Warrior Met Coal stock opened at $58.71 on Wednesday. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 8.11 and a beta of 1.03. Warrior Met Coal, Inc. has a fifty-two week low of $50.60 and a fifty-two week high of $75.53. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.67 and a current ratio of 5.81. The stock has a 50 day moving average of $65.76 and a 200 day moving average of $63.95.
Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.40. The company had revenue of $327.72 million during 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 revenue for the quarter was down 22.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.85 earnings per share. As a group, research analysts predict that Warrior Met Coal, Inc. will post 5.62 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors 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 annualized dividend and a yield of 0.55%. Warrior Met Coal's payout ratio is 4.42%.
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.
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