Chicago Equity Partners LLC boosted its stake in Warrior Met Coal Inc (NYSE:HCC) by 1,003.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 130,955 shares of the company’s stock after purchasing an additional 119,090 shares during the quarter. Chicago Equity Partners LLC’s holdings in Warrior Met Coal were worth $3,541,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in HCC. Dimensional Fund Advisors LP purchased a new stake in Warrior Met Coal during the first quarter worth approximately $920,000. Royal Bank of Canada grew its stake in Warrior Met Coal by 10.4% during the first quarter. Royal Bank of Canada now owns 66,744 shares of the company’s stock worth $1,869,000 after buying an additional 6,292 shares during the period. Allianz Asset Management GmbH purchased a new stake in Warrior Met Coal during the first quarter worth approximately $3,982,000. Nisa Investment Advisors LLC grew its stake in Warrior Met Coal by 147.5% during the second quarter. Nisa Investment Advisors LLC now owns 17,450 shares of the company’s stock worth $481,000 after buying an additional 10,400 shares during the period. Finally, James Investment Research Inc. purchased a new stake in Warrior Met Coal during the second quarter worth approximately $2,028,000.
A number of research firms have recently commented on HCC. Zacks Investment Research raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Wednesday, July 25th. Morgan Stanley boosted their target price on shares of Warrior Met Coal from $27.00 to $29.00 and gave the stock a “hold” rating in a research report on Tuesday, October 2nd. ValuEngine raised shares of Warrior Met Coal from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 26th. B. Riley boosted their target price on shares of Warrior Met Coal from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 19th. Finally, Royal Bank of Canada set a $34.00 target price on shares of Warrior Met Coal and gave the stock a “hold” rating in a research report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $31.75.
Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, October 31st. The company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). Warrior Met Coal had a return on equity of 94.17% and a net margin of 33.38%. The firm had revenue of $273.30 million for the quarter, compared to analyst estimates of $278.46 million. During the same period in the previous year, the firm posted $2.27 earnings per share. The company’s revenue for the quarter was down 12.4% on a year-over-year basis. As a group, equities research analysts anticipate that Warrior Met Coal Inc will post 7.98 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 9th. Stockholders of record on Friday, November 2nd were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, November 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.79%. Warrior Met Coal’s payout ratio is currently 2.53%.
In related news, CEO Walter J. Scheller sold 34,250 shares of the company’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $27.32, for a total value of $935,710.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kelli K. Gant sold 10,000 shares of the company’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $27.29, for a total transaction of $272,900.00. The disclosure for this sale can be found here. Insiders own 0.51% of the company’s stock.
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About Warrior Met Coal
Warrior Met Coal, Inc produces and exports 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.
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