SummerHaven Investment Management LLC Acquires 192 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

SummerHaven Investment Management LLC increased its holdings in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 1.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,938 shares of the company’s stock after purchasing an additional 192 shares during the period. Warrior Met Coal makes up 0.7% of SummerHaven Investment Management LLC’s holdings, making the stock its 11th biggest holding. SummerHaven Investment Management LLC’s holdings in Warrior Met Coal were worth $1,155,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of HCC. Millburn Ridgefield Corp bought a new position in Warrior Met Coal in the third quarter valued at about $32,000. McGlone Suttner Wealth Management Inc. bought a new position in Warrior Met Coal in the fourth quarter valued at about $38,000. Schneider Downs Wealth Management Advisors LP bought a new position in Warrior Met Coal in the third quarter valued at about $204,000. Kingsview Wealth Management LLC bought a new position in Warrior Met Coal in the third quarter valued at about $208,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in Warrior Met Coal in the third quarter valued at about $224,000. 92.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HCC has been the subject of several research reports. B. Riley dropped their target price on Warrior Met Coal from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Monday, April 15th. UBS Group initiated coverage on Warrior Met Coal in a research report on Tuesday, January 16th. They issued a “neutral” rating and a $68.00 target price for the company. Finally, Citigroup upgraded Warrior Met Coal from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $60.00 to $75.00 in a research report on Thursday, April 11th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Warrior Met Coal currently has an average rating of “Moderate Buy” and a consensus target price of $67.60.

Warrior Met Coal Trading Up 1.5 %

Shares of HCC traded up $1.03 during mid-day trading on Monday, reaching $71.16. 96,105 shares of the company were exchanged, compared to its average volume of 827,923. Warrior Met Coal, Inc. has a 52 week low of $31.97 and a 52 week high of $71.22. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.99 and a current ratio of 7.24. The stock has a market capitalization of $3.72 billion, a PE ratio of 7.62 and a beta of 1.09. The business has a 50 day simple moving average of $59.83 and a two-hundred day simple moving average of $58.04.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, February 14th. The company reported $2.49 EPS for the quarter, missing the consensus estimate of $3.16 by ($0.67). Warrior Met Coal had a return on equity of 28.99% and a net margin of 28.55%. The business had revenue of $363.80 million for the quarter, compared to analyst estimates of $393.04 million. During the same period in the prior year, the business earned $1.90 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts predict that Warrior Met Coal, Inc. will post 6.83 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, May 6th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.32 annualized dividend and a yield of 0.45%. Warrior Met Coal’s dividend payout ratio is currently 3.48%.

Insider Buying and Selling at Warrior Met Coal

In related news, Director Alan H. Schumacher bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average price of $58.15 per share, with a total value of $116,300.00. Following the completion of the transaction, the director now directly owns 30,270 shares in the company, valued at $1,760,200.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

About Warrior Met Coal

Warrior Met Coal, Inc produces and exports non-thermal 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.