Old West Investment Management LLC Raises Stock Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

Old West Investment Management LLC raised its position in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 100.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 76,000 shares of the company’s stock after purchasing an additional 38,000 shares during the quarter. Warrior Met Coal accounts for 1.7% of Old West Investment Management LLC’s portfolio, making the stock its 21st largest position. Old West Investment Management LLC’s holdings in Warrior Met Coal were worth $4,856,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its position in Warrior Met Coal by 38.6% during the second quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock valued at $32,000 after purchasing an additional 144 shares during the period. Blue Trust Inc. lifted its holdings in shares of Warrior Met Coal by 48.5% in the 3rd quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $35,000 after buying an additional 180 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of Warrior Met Coal in the first quarter worth about $54,000. Ausbil Investment Management Ltd acquired a new stake in Warrior Met Coal during the second quarter worth about $82,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Warrior Met Coal during the first quarter valued at approximately $104,000. 92.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HCC has been the topic of a number of analyst reports. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a research note on Monday, August 5th. B. Riley upped their price objective on shares of Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Warrior Met Coal has an average rating of “Hold” and an average target price of $75.75.

Warrior Met Coal Price Performance

Warrior Met Coal stock opened at $68.04 on Wednesday. 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 company’s fifty day moving average price is $59.96 and its 200 day moving average price is $63.62. The stock has a market capitalization of $3.56 billion, a P/E ratio of 9.40 and a beta of 1.02. Warrior Met Coal, Inc. has a 1 year low of $44.76 and a 1 year high of $75.53.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.40. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. The firm had revenue of $327.72 million for the quarter, compared to analyst estimates of $322.21 million. During the same period last year, the company posted $1.85 EPS. Warrior Met Coal’s quarterly revenue was down 22.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Warrior Met Coal, Inc. will post 5.62 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th will be paid a dividend of $0.08 per share. The ex-dividend date is Tuesday, November 5th. This represents a $0.32 annualized dividend and a yield of 0.47%. Warrior Met Coal’s dividend payout ratio is presently 4.42%.

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.