Teachers Advisors LLC bought a new position in shares of Warrior Met Coal Inc. (NYSE:HCC) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 29,719 shares of the company’s stock, valued at approximately $509,000. Teachers Advisors LLC owned approximately 0.06% of Warrior Met Coal at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. First Mercantile Trust Co. bought a new position in Warrior Met Coal during the 2nd quarter worth about $131,000. Rhumbline Advisers bought a new position in Warrior Met Coal during the 2nd quarter worth about $343,000. HITE Hedge Asset Management LLC bought a new position in Warrior Met Coal during the 2nd quarter worth about $514,000. Bank of New York Mellon Corp bought a new position in Warrior Met Coal during the 2nd quarter worth about $1,038,000. Finally, Schwab Charles Investment Management Inc. bought a new position in Warrior Met Coal during the 2nd quarter worth about $1,074,000. Hedge funds and other institutional investors own 98.22% of the company’s stock.
Warrior Met Coal Inc. (NYSE HCC) opened at $27.18 on Friday. Warrior Met Coal Inc. has a one year low of $15.10 and a one year high of $28.00.
Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Thursday, November 9th. The company reported $2.27 EPS for the quarter, topping the Zacks’ consensus estimate of $2.26 by $0.01. The business had revenue of $312.00 million for the quarter, compared to analyst estimates of $301.89 million. The business’s revenue for the quarter was up 489.8% on a year-over-year basis. research analysts anticipate that Warrior Met Coal Inc. will post 7.49 earnings per share for the current year.
The firm also recently disclosed a special dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, November 13th will be paid a dividend of $11.21 per share. This represents a dividend yield of 0.75%. This is an increase from Warrior Met Coal’s previous special dividend of $0.05. The ex-dividend date is Friday, November 24th.
A number of equities analysts have issued reports on the company. Zacks Investment Research cut Warrior Met Coal from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Macquarie assumed coverage on Warrior Met Coal in a report on Thursday, September 7th. They set an “underperform” rating and a $24.00 target price for the company. Royal Bank Of Canada reiterated a “buy” rating and set a $27.00 target price on shares of Warrior Met Coal in a report on Wednesday, September 6th. B. Riley reiterated a “neutral” rating on shares of Warrior Met Coal in a report on Wednesday, November 1st. Finally, MKM Partners reiterated a “neutral” rating and set a $21.00 target price (up previously from $18.00) on shares of Warrior Met Coal in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $25.92.
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Warrior Met Coal Company Profile
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
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