Prescott Group Capital Management L.L.C. Acquires New Stake in Warrior Met Coal, Inc. (NYSE:HCC)

Prescott Group Capital Management L.L.C. bought a new position in shares of Warrior Met Coal, Inc. (NYSE:HCC) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 40,000 shares of the company’s stock, valued at approximately $2,170,000. Prescott Group Capital Management L.L.C. owned approximately 0.08% of Warrior Met Coal at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp boosted its position in shares of Warrior Met Coal by 4.9% during the third quarter. State Street Corp now owns 3,404,237 shares of the company’s stock worth $217,531,000 after buying an additional 158,722 shares during the period. FMR LLC lifted its stake in Warrior Met Coal by 8.6% in the 3rd quarter. FMR LLC now owns 3,210,531 shares of the company’s stock valued at $205,153,000 after acquiring an additional 254,540 shares in the last quarter. Maple Rock Capital Partners Inc. boosted its position in Warrior Met Coal by 193.9% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 1,460,992 shares of the company’s stock worth $93,357,000 after acquiring an additional 963,892 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of Warrior Met Coal by 10.1% during the 4th quarter. Allianz Asset Management GmbH now owns 1,378,645 shares of the company’s stock worth $74,778,000 after acquiring an additional 126,911 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Warrior Met Coal by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,208,405 shares of the company’s stock valued at $77,232,000 after purchasing an additional 13,650 shares during the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Stock Performance

NYSE HCC opened at $48.18 on Friday. The firm has a market capitalization of $2.53 billion, a P/E ratio of 10.06 and a beta of 1.10. 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 fifty day moving average price is $52.48 and its two-hundred day moving average price is $58.72. Warrior Met Coal, Inc. has a 1 year low of $45.94 and a 1 year high of $75.53.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Thursday, February 13th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.34). Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. The firm had revenue of $297.47 million during the quarter, compared to the consensus estimate of $331.70 million. As a group, research analysts anticipate that Warrior Met Coal, Inc. will post 4.86 EPS for the current year.

Warrior Met Coal Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 24th were paid a dividend of $0.08 per share. The ex-dividend date was Monday, February 24th. This represents a $0.32 annualized dividend and a dividend yield of 0.66%. Warrior Met Coal’s dividend payout ratio is currently 6.68%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. B. Riley cut their price objective on shares of Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Jefferies Financial Group cut their price target on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, Benchmark restated a “hold” rating on shares of Warrior Met Coal in a report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Warrior Met Coal currently has an average rating of “Moderate Buy” and a consensus price target of $74.00.

About Warrior Met Coal

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.