Progeny 3 Inc. Acquires 5,800 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Progeny 3 Inc. grew its stake in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 10.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,035 shares of the company’s stock after acquiring an additional 5,800 shares during the quarter. Progeny 3 Inc. owned about 0.11% of Warrior Met Coal worth $3,836,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in HCC. GAMMA Investing LLC raised its stake in Warrior Met Coal by 38.6% during the 2nd quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock valued at $32,000 after buying an additional 144 shares during the last quarter. Blue Trust Inc. boosted its position 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 purchasing an additional 180 shares during the last quarter. Ausbil Investment Management Ltd bought a new stake in shares of Warrior Met Coal during the 2nd quarter valued at about $82,000. KBC Group NV increased 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 valued at $109,000 after purchasing an additional 392 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Warrior Met Coal by 34.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,313 shares of the company’s stock worth $145,000 after purchasing an additional 599 shares during the period. 92.28% of the stock is currently owned by institutional investors.

Warrior Met Coal Price Performance

NYSE:HCC opened at $70.41 on Friday. The company has a quick ratio of 4.67, a current ratio of 5.81 and a debt-to-equity ratio of 0.09. Warrior Met Coal, Inc. has a 52 week low of $50.60 and a 52 week high of $75.53. The business’s 50-day simple moving average is $64.88 and its two-hundred day simple moving average is $64.03. The stock has a market cap of $3.68 billion, a PE ratio of 9.73 and a beta of 1.02.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $322.21 million. During the same period last year, the firm posted $1.85 EPS. The company’s revenue was down 22.6% on a year-over-year basis. As a group, analysts forecast that Warrior Met Coal, Inc. will post 5.62 EPS 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 issued a dividend of $0.08 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.32 annualized dividend and a dividend yield of 0.45%. Warrior Met Coal’s dividend payout ratio (DPR) is 4.42%.

Wall Street Analyst Weigh In

HCC has been the subject of several recent research reports. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research report on Monday, August 5th. B. Riley boosted their price objective on shares of Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a research 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.com, the company has a consensus rating of “Hold” and a consensus price target 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.