Warrior Met Coal, Inc. (NYSE:HCC) is High Ground Investment Management LLP’s 4th Largest Position

High Ground Investment Management LLP lessened its stake in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 172,113 shares of the company’s stock after selling 1,701 shares during the quarter. Warrior Met Coal comprises about 2.9% of High Ground Investment Management LLP’s investment portfolio, making the stock its 4th biggest holding. High Ground Investment Management LLP owned 0.33% of Warrior Met Coal worth $9,335,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. FNY Investment Advisers LLC purchased a new stake in shares of Warrior Met Coal during the 4th quarter valued at about $43,000. GAMMA Investing LLC increased its stake in shares of Warrior Met Coal by 56.7% in the 4th quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock worth $54,000 after purchasing an additional 358 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Warrior Met Coal by 304.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company’s stock worth $75,000 after purchasing an additional 1,040 shares during the period. Wolverine Asset Management LLC lifted its position in Warrior Met Coal by 264.4% during the fourth quarter. Wolverine Asset Management LLC now owns 1,741 shares of the company’s stock valued at $94,000 after purchasing an additional 2,800 shares in the last quarter. Finally, KBC Group NV lifted its position in Warrior Met Coal by 25.0% during the fourth quarter. KBC Group NV now owns 2,139 shares of the company’s stock valued at $116,000 after purchasing an additional 428 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HCC has been the topic of several recent research reports. B. Riley decreased their price objective on Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research note on Friday, February 14th. Finally, Jefferies Financial Group dropped their price target on shares of 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. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $74.00.

Warrior Met Coal Stock Performance

NYSE:HCC opened at $50.47 on Friday. The stock has a 50-day moving average price of $50.80 and a 200 day moving average price of $57.61. The company has a current ratio of 5.20, a quick ratio of 3.99 and a debt-to-equity ratio of 0.09. Warrior Met Coal, Inc. has a 12-month low of $44.62 and a 12-month high of $75.53. The stock has a market capitalization of $2.65 billion, a P/E ratio of 10.54 and a beta of 1.10.

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

Warrior Met Coal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 24th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend was Monday, February 24th. Warrior Met Coal’s payout ratio is currently 6.68%.

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.