KBC Group NV Raises Stock Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

KBC Group NV raised its position in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 29.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,711 shares of the company’s stock after buying an additional 392 shares during the quarter. KBC Group NV’s holdings in Warrior Met Coal were worth $109,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of HCC. GAMMA Investing LLC grew its stake in shares of Warrior Met Coal by 38.6% in the 2nd quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock worth $32,000 after buying an additional 144 shares during the last quarter. Blue Trust Inc. boosted its holdings in Warrior Met Coal by 48.5% in the third quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $35,000 after acquiring an additional 180 shares in the last quarter. EntryPoint Capital LLC bought a new stake in Warrior Met Coal in the first quarter worth $54,000. Ausbil Investment Management Ltd purchased a new stake in shares of Warrior Met Coal in the second quarter worth $82,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Warrior Met Coal by 34.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,313 shares of the company’s stock valued at $145,000 after acquiring an additional 599 shares in the last quarter. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Stock Up 4.0 %

HCC stock opened at $72.80 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.81 and a quick ratio of 4.67. Warrior Met Coal, Inc. has a 1-year low of $50.60 and a 1-year high of $75.53. The stock has a market capitalization of $3.81 billion, a P/E ratio of 10.06 and a beta of 1.02. The business has a fifty day moving average price of $63.28 and a 200-day moving average price of $63.85.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.40. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. The business had revenue of $327.72 million for the quarter, compared to analysts’ expectations of $322.21 million. During the same quarter in the prior year, the business earned $1.85 EPS. The business’s revenue for the quarter was down 22.6% compared to the same quarter last year. Equities analysts forecast that Warrior Met Coal, Inc. will post 5.62 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.44%. The ex-dividend date was Tuesday, November 5th. Warrior Met Coal’s dividend payout ratio is currently 4.42%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research note on Monday, August 5th. B. Riley upped their target price on shares of Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average 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.