Warrior Met Coal, Inc. (NYSE:HCC) Shares Bought by Forest Avenue Capital Management LP

Forest Avenue Capital Management LP lifted its stake in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 95.0% in the third quarter, Holdings Channel reports. The institutional investor owned 411,547 shares of the company’s stock after buying an additional 200,533 shares during the quarter. Warrior Met Coal accounts for approximately 3.2% of Forest Avenue Capital Management LP’s portfolio, making the stock its 15th biggest position. Forest Avenue Capital Management LP’s holdings in Warrior Met Coal were worth $26,298,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in HCC. GAMMA Investing LLC boosted its stake in Warrior Met Coal by 38.6% during the 2nd quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock valued at $32,000 after acquiring an additional 144 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Warrior Met Coal by 48.5% during the third quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $35,000 after purchasing an additional 180 shares during the last quarter. Ausbil Investment Management Ltd acquired a new position in Warrior Met Coal in the second quarter worth about $82,000. KBC Group NV increased its holdings in Warrior Met Coal by 29.7% in the third quarter. KBC Group NV now owns 1,711 shares of the company’s stock valued at $109,000 after buying an additional 392 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Warrior Met Coal by 34.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,313 shares of the company’s stock valued at $145,000 after buying an additional 599 shares in the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Stock Down 2.8 %

NYSE:HCC opened at $68.89 on Wednesday. The company has a current ratio of 5.81, a quick ratio of 4.67 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average of $63.91 and a 200-day moving average of $63.90. The firm has a market capitalization of $3.60 billion, a PE ratio of 9.52 and a beta of 1.02. Warrior Met Coal, Inc. has a 52 week low of $50.60 and a 52 week high of $75.53.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.40. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. The firm had revenue of $327.72 million during the quarter, compared to the consensus estimate of $322.21 million. During the same period in the prior year, the business earned $1.85 EPS. The firm’s revenue was down 22.6% on a year-over-year basis. Analysts predict that Warrior Met Coal, Inc. will post 5.62 EPS for the current year.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.32 annualized dividend and a dividend yield of 0.46%. Warrior Met Coal’s dividend payout ratio is currently 4.42%.

Analysts Set New Price Targets

A number of research analysts have commented on HCC shares. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a report on Monday, August 5th. B. Riley boosted their target price on shares of Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Warrior Met Coal currently has an average rating of “Hold” and a consensus price target of $75.75.

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.