Wellington Management Group LLP Has $15.60 Million Position in Warrior Met Coal, Inc. (NYSE:HCC)

Wellington Management Group LLP increased its position in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 141.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 244,151 shares of the company’s stock after acquiring an additional 143,196 shares during the period. Wellington Management Group LLP’s holdings in Warrior Met Coal were worth $15,601,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in Warrior Met Coal by 48.5% during the third quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $35,000 after purchasing an additional 180 shares during the last quarter. Ausbil Investment Management Ltd acquired a new position in shares of Warrior Met Coal during the 2nd quarter worth $82,000. KBC Group NV lifted its position in shares of Warrior Met Coal by 29.7% during the 3rd quarter. KBC Group NV now owns 1,711 shares of the company’s stock worth $109,000 after buying an additional 392 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Warrior Met Coal by 34.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,313 shares of the company’s stock valued at $145,000 after buying an additional 599 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in Warrior Met Coal in the second quarter valued at about $160,000. 92.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, B. Riley increased their target price on shares of Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Warrior Met Coal has an average rating of “Hold” and a consensus price target of $75.75.

Warrior Met Coal Stock Down 3.3 %

Shares of HCC opened at $61.59 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.67 and a current ratio of 5.81. Warrior Met Coal, Inc. has a 52 week low of $50.60 and a 52 week high of $75.53. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 8.51 and a beta of 1.03. The stock has a fifty day moving average of $65.91 and a 200-day moving average of $64.07.

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

Warrior Met Coal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were paid 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 was Tuesday, November 5th. Warrior Met Coal’s payout ratio is currently 4.42%.

Warrior Met Coal Profile

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.