Alliancebernstein L.P. purchased a new position in shares of Warrior Met Coal (NYSE:HCC) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 24,400 shares of the company’s stock, valued at approximately $614,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in shares of Warrior Met Coal by 5.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 63,890 shares of the company’s stock worth $1,506,000 after purchasing an additional 3,289 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Warrior Met Coal by 5.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 66,325 shares of the company’s stock worth $1,564,000 after purchasing an additional 3,673 shares in the last quarter. Strs Ohio raised its stake in shares of Warrior Met Coal by 18.9% during the 4th quarter. Strs Ohio now owns 34,000 shares of the company’s stock worth $855,000 after purchasing an additional 5,400 shares in the last quarter. Spark Investment Management LLC raised its stake in shares of Warrior Met Coal by 16.0% during the 4th quarter. Spark Investment Management LLC now owns 39,200 shares of the company’s stock worth $985,000 after purchasing an additional 5,400 shares in the last quarter. Finally, UBS Asset Management Americas Inc. purchased a new stake in shares of Warrior Met Coal during the 4th quarter worth about $206,000.
Shares of HCC stock opened at $23.40 on Monday. The company has a current ratio of 2.48, a quick ratio of 1.98 and a debt-to-equity ratio of 0.90. Warrior Met Coal has a twelve month low of $15.10 and a twelve month high of $33.72. The company has a market capitalization of $1,214.89 and a P/E ratio of 2.97.
Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $1.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.16. Warrior Met Coal had a return on equity of 61.78% and a net margin of 38.92%. The business had revenue of $239.80 million for the quarter, compared to the consensus estimate of $227.72 million. research analysts forecast that Warrior Met Coal will post 7 EPS for the current year.
The firm also recently declared a special dividend, which will be paid on Friday, April 20th. Shareholders of record on Friday, April 13th will be given a $6.53 dividend. This represents a yield of 0.7%. The ex-dividend date is Thursday, April 12th. Warrior Met Coal’s dividend payout ratio is currently 2.53%.
HCC has been the subject of a number of recent research reports. B. Riley reaffirmed a “hold” rating and set a $28.00 price target on shares of Warrior Met Coal in a research note on Wednesday, January 17th. Macquarie raised Warrior Met Coal from an “underperform” rating to a “hold” rating in a research note on Tuesday, January 23rd. Credit Suisse Group raised their price objective on Warrior Met Coal from $18.75 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Zacks Investment Research raised 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 Monday, February 12th. Finally, BMO Capital Markets raised their price objective on Warrior Met Coal to $39.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $28.83.
In other Warrior Met Coal news, COO Jack K. Richardson sold 50,991 shares of Warrior Met Coal stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $31.79, for a total value of $1,621,003.89. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael T. Madden sold 32,436 shares of Warrior Met Coal stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $28.96, for a total value of $939,346.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 174,533 shares of company stock worth $5,400,965. Company insiders own 0.51% of the company’s stock.
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Warrior Met Coal 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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