Capital World Investors purchased a new stake in Warrior Met Coal Inc. (NYSE:HCC) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,646,837 shares of the company’s stock, valued at approximately $25,953,000. Capital World Investors owned approximately 3.08% of Warrior Met Coal as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. First Mercantile Trust Co. purchased a new position in shares of Warrior Met Coal in the 2nd quarter valued at about $131,000. Tudor Investment Corp ET AL purchased a new position in shares of Warrior Met Coal in the 2nd quarter valued at about $223,000. Goldman Sachs Group Inc. purchased a new position in shares of Warrior Met Coal in the 2nd quarter valued at about $289,000. New York State Common Retirement Fund purchased a new position in shares of Warrior Met Coal in the 2nd quarter valued at about $310,000. Finally, Rhumbline Advisers purchased a new position in shares of Warrior Met Coal in the 2nd quarter valued at about $343,000. Hedge funds and other institutional investors own 97.25% of the company’s stock.

Shares of Warrior Met Coal Inc. (HCC) opened at 23.61 on Monday. Warrior Met Coal Inc. has a 12-month low of $15.10 and a 12-month high of $27.62. The firm has a market capitalization of $1.26 billion and a PE ratio of 0.38. The company has a 50-day moving average price of $24.96 and a 200 day moving average price of $20.65.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Thursday, August 3rd. The company reported $2.52 EPS for the quarter, beating the consensus estimate of $1.93 by $0.59. The business had revenue of $363.37 million during the quarter, compared to analyst estimates of $321.75 million. On average, equities analysts expect that Warrior Met Coal Inc. will post $4.08 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This article was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another website, it was illegally copied and republished in violation of U.S. and international copyright and trademark law. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/10/09/capital-world-investors-purchases-new-position-in-warrior-met-coal-inc-hcc.html.

Several equities analysts recently weighed in on HCC shares. MKM Partners started coverage on Warrior Met Coal in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $18.00 price target for the company. Zacks Investment Research upgraded Warrior Met Coal from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Wednesday, July 12th. Citigroup Inc. lifted their price target on Warrior Met Coal from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, September 26th. FBR & Co lifted their price target on Warrior Met Coal from $20.00 to $21.00 and gave the company a “mkt perform” rating in a research note on Friday, July 21st. Finally, Royal Bank Of Canada lifted their price target on Warrior Met Coal from $24.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $25.64.

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.

Institutional Ownership by Quarter for Warrior Met Coal (NYSE:HCC)

Receive News & Stock Ratings for Warrior Met Coal Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Warrior Met Coal Inc. and related stocks with our FREE daily email newsletter.