Nationwide Fund Advisors cut its position in shares of Warrior Met Coal LLC (NYSE:HCC) by 67.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 14,767 shares of the company’s stock after selling 31,100 shares during the quarter. Nationwide Fund Advisors’ holdings in Warrior Met Coal were worth $348,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Apollo Management Holdings L.P. acquired a new stake in Warrior Met Coal during the second quarter valued at $173,185,000. Franklin Resources Inc. acquired a new stake in Warrior Met Coal during the second quarter valued at $82,178,000. Caspian Capital LP acquired a new stake in Warrior Met Coal during the second quarter valued at $37,651,000. Capital World Investors bought a new position in Warrior Met Coal during the second quarter valued at about $25,953,000. Finally, Impala Asset Management LLC bought a new position in Warrior Met Coal during the second quarter valued at about $21,590,000. Institutional investors and hedge funds own 96.53% of the company’s stock.
HCC has been the topic of several recent research reports. Zacks Investment Research upgraded Warrior Met Coal from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective on the stock in a research note on Tuesday, November 7th. Royal Bank of Canada set a $27.00 price objective on Warrior Met Coal and gave the stock a “buy” rating in a research note on Tuesday, October 10th. FBR & Co set a $26.00 price target on Warrior Met Coal and gave the company a “hold” rating in a research note on Wednesday, October 11th. ValuEngine lowered Warrior Met Coal from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Seaport Global Securities downgraded Warrior Met Coal from a “buy” rating to a “neutral” rating in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $25.75.
Warrior Met Coal LLC (HCC) opened at $27.03 on Thursday. The stock has a market capitalization of $1,440.00 and a price-to-earnings ratio of 3.64. Warrior Met Coal LLC has a 1-year low of $15.10 and a 1-year high of $30.49.
Warrior Met Coal (NYSE:HCC) last issued its earnings results on Thursday, November 9th. The company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.26 by $0.01. Warrior Met Coal had a net margin of 36.20% and a return on equity of 51.58%. The company had revenue of $312.00 million during the quarter, compared to analysts’ expectations of $301.89 million. The business’s revenue was up 489.8% compared to the same quarter last year. equities research analysts predict that Warrior Met Coal LLC will post 7.76 earnings per share for the current year.
In related news, Director Stephen D. Williams sold 18,742 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $28.00, for a total value of $524,776.00. Following the completion of the sale, the director now owns 20,000 shares in the company, valued at approximately $560,000. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Franklin Mutual Advisers Llc sold 4,237 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $20.46, for a total transaction of $86,689.02. The disclosure for this sale can be found here.
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Warrior Met Coal Company Profile
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
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