Warrior Met Coal, Inc. (NYSE:HCC) Shares Purchased by Creative Planning

Creative Planning boosted its position in Warrior Met Coal, Inc. (NYSE:HCC) by 1.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 20,700 shares of the company’s stock after buying an additional 338 shares during the period. Creative Planning’s holdings in Warrior Met Coal were worth $1,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the business. GAMMA Investing LLC raised its holdings in Warrior Met Coal by 38.6% during the second quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock worth $32,000 after purchasing an additional 144 shares during the last quarter. EntryPoint Capital LLC acquired a new position in shares of Warrior Met Coal in the first quarter valued at approximately $54,000. Ausbil Investment Management Ltd purchased a new position in shares of Warrior Met Coal during the 2nd quarter worth $82,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Warrior Met Coal during the 1st quarter valued at about $104,000. Finally, Meeder Asset Management Inc. acquired a new position in Warrior Met Coal during the first quarter worth approximately $104,000. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Price Performance

NYSE:HCC opened at $61.84 on Thursday. The company has a fifty day moving average price of $59.42 and a 200 day moving average price of $63.65. The stock has a market cap of $3.23 billion, a P/E ratio of 7.44 and a beta of 1.02. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.37 and a quick ratio of 5.37. Warrior Met Coal, Inc. has a one year low of $44.76 and a one year high of $75.53.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Thursday, August 1st. The company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.03. Warrior Met Coal had a net margin of 25.01% and a return on equity of 22.71%. The firm had revenue of $396.52 million during the quarter, compared to analysts’ expectations of $387.91 million. During the same quarter last year, the company earned $1.63 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts anticipate that Warrior Met Coal, Inc. will post 5.15 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Tuesday, November 5th. Warrior Met Coal’s payout ratio is presently 3.85%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a report on Monday, August 5th. B. Riley decreased their price objective on shares of Warrior Met Coal from $92.00 to $90.00 and set a “buy” rating for the company in a report on Friday, September 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $75.75.

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.