HighTower Advisors LLC Buys 544 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

HighTower Advisors LLC grew its stake in Warrior Met Coal, Inc. (NYSE:HCC) by 10.8% during the third quarter, Holdings Channel.com reports. The fund owned 5,564 shares of the company’s stock after purchasing an additional 544 shares during the quarter. HighTower Advisors LLC’s holdings in Warrior Met Coal were worth $357,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Centiva Capital LP boosted its holdings in shares of Warrior Met Coal by 14.0% in the third quarter. Centiva Capital LP now owns 6,999 shares of the company’s stock valued at $447,000 after purchasing an additional 861 shares during the period. Progeny 3 Inc. raised its position in Warrior Met Coal by 10.7% during the 3rd quarter. Progeny 3 Inc. now owns 60,035 shares of the company’s stock valued at $3,836,000 after purchasing an additional 5,800 shares in the last quarter. Epacria Capital Partners LLC lifted its holdings in shares of Warrior Met Coal by 213.5% in the 3rd quarter. Epacria Capital Partners LLC now owns 19,432 shares of the company’s stock worth $1,242,000 after buying an additional 13,233 shares during the period. Forest Avenue Capital Management LP grew its position in shares of Warrior Met Coal by 95.0% during the 3rd quarter. Forest Avenue Capital Management LP now owns 411,547 shares of the company’s stock worth $26,298,000 after buying an additional 200,533 shares in the last quarter. Finally, Bridgewater Associates LP grew its position in shares of Warrior Met Coal by 648.7% during the 3rd quarter. Bridgewater Associates LP now owns 129,741 shares of the company’s stock worth $8,290,000 after buying an additional 112,412 shares in the last quarter. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Stock Down 1.7 %

Warrior Met Coal stock opened at $54.93 on Monday. The company has a quick ratio of 4.67, a current ratio of 5.81 and a debt-to-equity ratio of 0.09. The firm has a market cap of $2.87 billion, a P/E ratio of 7.59 and a beta of 1.03. The business has a fifty day moving average of $65.37 and a two-hundred day moving average of $63.71. Warrior Met Coal, Inc. has a twelve month low of $50.60 and a twelve month high of $75.53.

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

Warrior Met Coal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Tuesday, November 5th. Warrior Met Coal’s payout ratio is currently 4.42%.

Analyst Ratings Changes

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

Warrior Met Coal Company 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.