Louisiana State Employees Retirement System Makes New Investment in Warrior Met Coal, Inc. (NYSE:HCC)

Louisiana State Employees Retirement System acquired a new position in shares of Warrior Met Coal, Inc. (NYSE:HCCGet Rating) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 24,700 shares of the company’s stock, valued at approximately $702,000.

Several other institutional investors have also recently made changes to their positions in the company. Gladius Capital Management LP bought a new position in Warrior Met Coal during the second quarter valued at about $43,000. Point72 Hong Kong Ltd lifted its holdings in shares of Warrior Met Coal by 4,220.4% in the second quarter. Point72 Hong Kong Ltd now owns 2,117 shares of the company’s stock worth $65,000 after buying an additional 2,068 shares in the last quarter. KBC Group NV purchased a new stake in shares of Warrior Met Coal in the second quarter worth about $143,000. Captrust Financial Advisors lifted its holdings in shares of Warrior Met Coal by 86.8% in the first quarter. Captrust Financial Advisors now owns 3,863 shares of the company’s stock worth $143,000 after buying an additional 1,795 shares in the last quarter. Finally, Triasima Portfolio Management inc. raised its stake in Warrior Met Coal by 467.5% in the second quarter. Triasima Portfolio Management inc. now owns 4,710 shares of the company’s stock valued at $144,000 after purchasing an additional 3,880 shares in the last quarter. Institutional investors own 98.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. B. Riley raised shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and raised their target price for the company from $48.00 to $50.00 in a research note on Friday, September 23rd. BMO Capital Markets raised their target price on shares of Warrior Met Coal from $30.00 to $39.00 and gave the stock a “market perform” rating in a report on Thursday, November 3rd. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $46.33.

Warrior Met Coal Price Performance

Shares of NYSE:HCC opened at $34.62 on Friday. Warrior Met Coal, Inc. has a fifty-two week low of $24.92 and a fifty-two week high of $42.95. The business has a 50-day simple moving average of $35.66 and a two-hundred day simple moving average of $33.04. The company has a debt-to-equity ratio of 0.24, a quick ratio of 6.12 and a current ratio of 7.01. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 2.63 and a beta of 1.05.

Warrior Met Coal (NYSE:HCCGet Rating) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.49. The business had revenue of $390.18 million during the quarter, compared to the consensus estimate of $354.95 million. Warrior Met Coal had a return on equity of 64.38% and a net margin of 37.59%. On average, analysts expect that Warrior Met Coal, Inc. will post 12.73 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 11th. Investors of record on Friday, November 4th were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $0.24 dividend on an annualized basis and a yield of 0.69%. Warrior Met Coal’s dividend payout ratio is presently 1.83%.

About Warrior Met Coal

(Get Rating)

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.

Further Reading

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

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