Pekin Hardy Strauss Inc. Grows Stock Position in Warrior Met Coal, Inc. (NYSE:HCC)

Pekin Hardy Strauss Inc. boosted its position in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 76.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,100 shares of the company’s stock after buying an additional 5,225 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Warrior Met Coal were worth $773,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in HCC. Dimensional Fund Advisors LP lifted its holdings in shares of Warrior Met Coal by 2.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,863,024 shares of the company’s stock worth $116,937,000 after buying an additional 45,950 shares during the period. Renaissance Technologies LLC boosted its holdings in Warrior Met Coal by 4.3% in the second quarter. Renaissance Technologies LLC now owns 1,501,379 shares of the company’s stock valued at $94,242,000 after purchasing an additional 62,200 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Warrior Met Coal by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 1,440,965 shares of the company’s stock valued at $90,449,000 after purchasing an additional 82,622 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Warrior Met Coal by 2.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,299,563 shares of the company’s stock worth $78,885,000 after purchasing an additional 30,053 shares during the period. Finally, River Road Asset Management LLC raised its holdings in shares of Warrior Met Coal by 22.9% during the third quarter. River Road Asset Management LLC now owns 870,357 shares of the company’s stock valued at $55,616,000 after acquiring an additional 162,387 shares during the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Stock Down 3.5 %

Shares of HCC opened at $70.27 on Monday. The company’s 50-day simple moving average is $63.58 and its 200-day simple moving average is $63.87. 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 1 year low of $50.60 and a 1 year high of $75.53. The stock has a market capitalization of $3.68 billion, a PE ratio of 9.71 and a beta of 1.02.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.40. The company had revenue of $327.72 million for the quarter, compared to analyst estimates of $322.21 million. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. The firm’s quarterly revenue was down 22.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.85 EPS. Analysts forecast that Warrior Met Coal, Inc. will post 5.62 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th were issued a $0.08 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.32 dividend on an annualized basis and a yield of 0.46%. Warrior Met Coal’s dividend payout ratio (DPR) is presently 4.42%.

Analyst Ratings Changes

A number of equities analysts have commented on HCC shares. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a research note on Monday, August 5th. B. Riley upped their price objective 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Warrior Met Coal presently has an average rating of “Hold” and an average target price of $75.75.

About Warrior Met Coal

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.