Cynosure Group LLC Grows Stake in Warrior Met Coal, Inc. (NYSE:HCC)

Cynosure Group LLC increased its holdings in Warrior Met Coal, Inc. (NYSE:HCC) by 16.2% during the third quarter, Holdings Channel reports. The firm owned 6,695 shares of the company’s stock after acquiring an additional 933 shares during the quarter. Cynosure Group LLC’s holdings in Warrior Met Coal were worth $428,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HCC. Victory Capital Management Inc. lifted its holdings in shares of Warrior Met Coal by 26.6% in the third quarter. Victory Capital Management Inc. now owns 52,280 shares of the company’s stock worth $3,341,000 after buying an additional 10,972 shares in the last quarter. Empowered Funds LLC lifted its stake in Warrior Met Coal by 4.3% in the 3rd quarter. Empowered Funds LLC now owns 215,667 shares of the company’s stock worth $13,781,000 after purchasing an additional 8,802 shares in the last quarter. Old West Investment Management LLC lifted its stake in Warrior Met Coal by 100.0% in the 3rd quarter. Old West Investment Management LLC now owns 76,000 shares of the company’s stock worth $4,856,000 after purchasing an additional 38,000 shares in the last quarter. Forest Avenue Capital Management LP boosted its holdings in shares of Warrior Met Coal by 91.3% during the 2nd quarter. Forest Avenue Capital Management LP now owns 211,014 shares of the company’s stock valued at $13,245,000 after purchasing an additional 100,714 shares during the last quarter. Finally, Intech Investment Management LLC grew its position in shares of Warrior Met Coal by 126.1% during the third quarter. Intech Investment Management LLC now owns 19,652 shares of the company’s stock valued at $1,256,000 after purchasing an additional 10,959 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors.

Warrior Met Coal Trading Up 2.1 %

HCC stock opened at $70.32 on Thursday. The firm’s fifty day simple moving average is $64.22 and its two-hundred day simple moving average is $63.94. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 9.71 and a beta of 1.02. The company has a quick ratio of 4.67, a current ratio of 5.81 and a debt-to-equity ratio of 0.09. Warrior Met Coal, Inc. has a twelve month low of $50.60 and a twelve month high of $75.53.

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

Warrior Met Coal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were paid a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.32 dividend on an annualized basis and a yield of 0.46%. Warrior Met Coal’s payout ratio is 4.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on HCC shares. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research note 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 stock a “buy” rating in a report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus 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.