Mercuria Capital Strategies LLC Makes New Investment in Warrior Met Coal, Inc. (NYSE:HCC)

Mercuria Capital Strategies LLC bought a new position in Warrior Met Coal, Inc. (NYSE:HCC) in the fourth quarter, Holdings Channel reports. The institutional investor bought 154,014 shares of the company’s stock, valued at approximately $8,354,000. Warrior Met Coal comprises about 3.2% of Mercuria Capital Strategies LLC’s investment portfolio, making the stock its 6th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Swiss National Bank increased its position in shares of Warrior Met Coal by 0.8% during the 4th quarter. Swiss National Bank now owns 102,900 shares of the company’s stock worth $5,581,000 after purchasing an additional 800 shares during the last quarter. HighTower Advisors LLC increased its position in shares of Warrior Met Coal by 5.6% during the 4th quarter. HighTower Advisors LLC now owns 5,878 shares of the company’s stock worth $319,000 after purchasing an additional 314 shares during the last quarter. River Road Asset Management LLC increased its position in shares of Warrior Met Coal by 2.1% during the 4th quarter. River Road Asset Management LLC now owns 888,388 shares of the company’s stock worth $48,186,000 after purchasing an additional 18,031 shares during the last quarter. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Warrior Met Coal during the 4th quarter worth about $2,170,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Warrior Met Coal during the 4th quarter worth about $4,554,000. 92.28% of the stock is owned by institutional investors and hedge funds.

Warrior Met Coal Stock Performance

NYSE HCC opened at $47.89 on Thursday. The company has a market cap of $2.52 billion, a P/E ratio of 10.00 and a beta of 1.10. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.20 and a quick ratio of 3.99. The stock has a 50-day moving average of $51.84 and a two-hundred day moving average of $58.34. Warrior Met Coal, Inc. has a 1-year low of $44.62 and a 1-year high of $75.53.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Thursday, February 13th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.34). The firm had revenue of $297.47 million during the quarter, compared to analyst estimates of $331.70 million. Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. As a group, analysts anticipate that Warrior Met Coal, Inc. will post 4.86 EPS for the current year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 24th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Monday, February 24th. Warrior Met Coal’s payout ratio is presently 6.68%.

Analyst Upgrades and Downgrades

HCC has been the subject of a number of recent analyst reports. Jefferies Financial Group cut their price objective on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, January 6th. B. Riley cut their price objective on Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Finally, Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a research report on Friday, February 14th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $74.00.

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.