Van ECK Associates Corp decreased its stake in Warrior Met Coal, Inc. (NYSE:HCC – Free Report) by 9.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,699 shares of the company’s stock after selling 8,307 shares during the period. Van ECK Associates Corp’s holdings in Warrior Met Coal were worth $3,866,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Renaissance Technologies LLC grew its holdings in shares of Warrior Met Coal by 74.7% during the 1st quarter. Renaissance Technologies LLC now owns 2,125,379 shares of the company’s stock valued at $78,873,000 after purchasing an additional 909,000 shares during the last quarter. Norges Bank bought a new position in shares of Warrior Met Coal during the 4th quarter valued at $20,182,000. Millennium Management LLC grew its holdings in shares of Warrior Met Coal by 769.3% during the 4th quarter. Millennium Management LLC now owns 427,377 shares of the company’s stock valued at $14,804,000 after purchasing an additional 378,214 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Warrior Met Coal during the 4th quarter valued at $12,790,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Warrior Met Coal by 56.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 973,373 shares of the company’s stock valued at $36,122,000 after purchasing an additional 349,848 shares during the last quarter. Institutional investors own 93.89% of the company’s stock.
Warrior Met Coal Trading Up 2.1 %
Shares of HCC opened at $60.33 on Tuesday. The stock has a market capitalization of $3.14 billion, a P/E ratio of 6.97 and a beta of 1.13. The company has a quick ratio of 6.91, a current ratio of 7.67 and a debt-to-equity ratio of 0.09. The firm has a fifty day simple moving average of $61.96 and a two-hundred day simple moving average of $51.96. Warrior Met Coal, Inc. has a twelve month low of $31.97 and a twelve month high of $69.97.
Warrior Met Coal Increases Dividend
Analyst Upgrades and Downgrades
Several equities analysts recently commented on HCC shares. BMO Capital Markets increased their target price on shares of Warrior Met Coal from $43.00 to $48.00 and gave the company a “market perform” rating in a report on Friday, November 3rd. UBS Group started coverage on shares of Warrior Met Coal in a research report on Tuesday, January 16th. They set a “neutral” rating and a $68.00 price target for the company. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $56.60.
Warrior Met Coal Company 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.
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