Goldman Sachs Group Inc. Acquires New Holdings in Warrior Met Coal Inc. (HCC)
Goldman Sachs Group Inc. acquired a new stake in shares of Warrior Met Coal Inc. (NYSE:HCC) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 16,857 shares of the company’s stock, valued at approximately $289,000.
Several other institutional investors and hedge funds have also modified their holdings of HCC. Skylands Capital LLC purchased a new stake in shares of Warrior Met Coal during the 2nd quarter valued at $2,870,000. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of Warrior Met Coal during the 2nd quarter valued at $4,256,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of Warrior Met Coal during the 2nd quarter valued at $1,074,000. First Mercantile Trust Co. purchased a new stake in shares of Warrior Met Coal during the 2nd quarter valued at $131,000. Finally, Rhumbline Advisers purchased a new stake in shares of Warrior Met Coal during the 2nd quarter valued at $343,000. Hedge funds and other institutional investors own 97.77% of the company’s stock.
Warrior Met Coal Inc. (NYSE HCC) opened at $28.30 on Friday. Warrior Met Coal Inc. has a 52 week low of $15.10 and a 52 week high of $28.58.
Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Thursday, November 9th. The company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.01. The company had revenue of $312.00 million for the quarter, compared to the consensus estimate of $301.89 million. Warrior Met Coal had a return on equity of 51.58% and a net margin of 36.20%. Warrior Met Coal’s quarterly revenue was up 489.8% compared to the same quarter last year. research analysts predict that Warrior Met Coal Inc. will post 7.39 EPS for the current fiscal year.
The business also recently declared a special dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 13th will be given a dividend of $11.21 per share. This is an increase from Warrior Met Coal’s previous special dividend of $0.05. This represents a yield of 0.75%. The ex-dividend date of this dividend is Friday, November 24th. Warrior Met Coal’s dividend payout ratio (DPR) is currently 2.70%.
In other Warrior Met Coal news, Director Stephen D. Williams sold 18,742 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $28.00, for a total transaction of $524,776.00. Following the sale, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $560,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.15% of the stock is currently owned by company insiders.
Several analysts have recently commented on HCC shares. Macquarie initiated coverage on Warrior Met Coal in a report on Thursday, September 7th. They set an “underperform” rating and a $24.00 price objective for the company. Royal Bank Of Canada restated a “buy” rating and issued a $27.00 target price on shares of Warrior Met Coal in a research note on Wednesday, September 6th. Zacks Investment Research upgraded Warrior Met Coal from a “hold” rating to a “strong-buy” rating and set a $31.00 target price for the company in a research note on Tuesday, November 7th. FBR & Co set a $26.00 target price on Warrior Met Coal and gave the stock a “hold” rating in a research note on Wednesday, October 11th. Finally, MKM Partners restated a “neutral” rating and issued a $21.00 target price (up previously from $18.00) on shares of Warrior Met Coal in a research note on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. Warrior Met Coal has an average rating of “Hold” and a consensus price target of $25.92.
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.
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.