Enhancing Capital LLC Takes Position in Warrior Met Coal, Inc. (NYSE:HCC)

Enhancing Capital LLC bought a new stake in shares of Warrior Met Coal, Inc. (NYSE:HCC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 58,762 shares of the company’s stock, valued at approximately $3,187,000. Warrior Met Coal makes up about 2.5% of Enhancing Capital LLC’s portfolio, making the stock its 8th largest position.

Several other large investors also recently modified their holdings of the business. FNY Investment Advisers LLC bought a new position in shares of Warrior Met Coal during the fourth quarter worth about $43,000. GAMMA Investing LLC lifted its position in shares of Warrior Met Coal by 56.7% during the fourth quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock worth $54,000 after purchasing an additional 358 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Warrior Met Coal by 304.1% during the fourth 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 last quarter. Wolverine Asset Management LLC lifted its position in shares of Warrior Met Coal by 264.4% during the fourth quarter. Wolverine Asset Management LLC now owns 1,741 shares of the company’s stock worth $94,000 after purchasing an additional 2,800 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of Warrior Met Coal by 29.7% during the third quarter. KBC Group NV now owns 1,711 shares of the company’s stock worth $109,000 after purchasing an additional 392 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a research report on Friday, February 14th. B. Riley cut their target price on shares of Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, Jefferies Financial Group cut their target price on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $74.00.

Warrior Met Coal Stock Performance

Shares of NYSE HCC opened at $48.42 on Tuesday. The company has a quick ratio of 3.99, a current ratio of 5.20 and a debt-to-equity ratio of 0.09. The firm’s 50-day moving average price is $51.51 and its two-hundred day moving average price is $58.09. Warrior Met Coal, Inc. has a 52-week low of $44.62 and a 52-week high of $75.53. The stock has a market capitalization of $2.54 billion, a P/E ratio of 10.11 and a beta of 1.10.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.34). The business had revenue of $297.47 million for the quarter, compared to the consensus estimate 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, sell-side analysts forecast that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 24th were issued a dividend of $0.08 per share. The ex-dividend date was Monday, February 24th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.66%. Warrior Met Coal’s dividend payout ratio (DPR) is presently 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.