SummerHaven Investment Management LLC Purchases 272 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

SummerHaven Investment Management LLC boosted its position in Warrior Met Coal, Inc. (NYSE:HCC) by 2.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,350 shares of the company’s stock after purchasing an additional 272 shares during the quarter. SummerHaven Investment Management LLC’s holdings in Warrior Met Coal were worth $542,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HCC. Principal Financial Group Inc. lifted its holdings in shares of Warrior Met Coal by 4.6% during the fourth quarter. Principal Financial Group Inc. now owns 311,937 shares of the company’s stock worth $16,919,000 after buying an additional 13,629 shares in the last quarter. Sanctuary Advisors LLC raised its stake in Warrior Met Coal by 2.6% in the 4th quarter. Sanctuary Advisors LLC now owns 10,800 shares of the company’s stock worth $577,000 after purchasing an additional 276 shares in the last quarter. Wolverine Asset Management LLC boosted its holdings in Warrior Met Coal by 264.4% in the 4th quarter. Wolverine Asset Management LLC now owns 1,741 shares of the company’s stock valued at $94,000 after purchasing an additional 2,800 shares during the period. Allianz Asset Management GmbH boosted its holdings in Warrior Met Coal by 10.1% in the 4th quarter. Allianz Asset Management GmbH now owns 1,378,645 shares of the company’s stock valued at $74,778,000 after purchasing an additional 126,911 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Warrior Met Coal during the 4th quarter worth approximately $1,300,000. 92.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. B. Riley dropped their price target on shares of Warrior Met Coal from $86.00 to $76.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a report on Friday, February 14th. Finally, UBS Group reduced their target price on Warrior Met Coal from $68.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th.

Warrior Met Coal Stock Performance

NYSE HCC opened at $47.06 on Friday. Warrior Met Coal, Inc. has a 1 year low of $38.00 and a 1 year high of $75.53. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 9.82 and a beta of 0.69. The company has a current ratio of 5.20, a quick ratio of 3.99 and a debt-to-equity ratio of 0.09. The firm’s 50 day simple moving average is $47.02 and its 200 day simple moving average is $51.37.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, April 30th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.11). Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. The business had revenue of $299.94 million during the quarter, compared to analyst estimates of $296.39 million. During the same period in the prior year, the business posted $2.63 EPS. The company’s revenue for the quarter was down 40.4% compared to the same quarter last year. As a group, research analysts expect that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, May 5th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Monday, May 5th. Warrior Met Coal’s dividend payout ratio is presently 15.92%.

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.