Hartree Partners LP Invests $8.76 Million in Warrior Met Coal, Inc. (NYSE:HCC)

Hartree Partners LP bought a new position in Warrior Met Coal, Inc. (NYSE:HCC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 161,513 shares of the company’s stock, valued at approximately $8,760,000. Warrior Met Coal accounts for approximately 3.3% of Hartree Partners LP’s holdings, making the stock its 8th biggest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. River Road Asset Management LLC boosted its position in Warrior Met Coal by 2.1% in the 4th quarter. River Road Asset Management LLC now owns 888,388 shares of the company’s stock valued at $48,186,000 after buying an additional 18,031 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Warrior Met Coal by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,208,405 shares of the company’s stock worth $77,232,000 after purchasing an additional 13,650 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Warrior Met Coal by 14.2% during the third quarter. JPMorgan Chase & Co. now owns 671,427 shares of the company’s stock valued at $42,904,000 after acquiring an additional 83,331 shares during the period. Citigroup Inc. increased its stake in shares of Warrior Met Coal by 61.4% in the third quarter. Citigroup Inc. now owns 87,441 shares of the company’s stock valued at $5,587,000 after purchasing an additional 33,272 shares during the period. Finally, Hosking Partners LLP boosted its position in Warrior Met Coal by 9.6% during the 4th quarter. Hosking Partners LLP now owns 524,833 shares of the company’s stock worth $28,467,000 after acquiring an additional 45,868 shares during the period. 92.28% of the stock is owned by institutional investors and hedge funds.

Warrior Met Coal Price Performance

HCC stock opened at $48.62 on Friday. The stock has a market cap of $2.56 billion, a PE ratio of 10.15 and a beta of 1.10. The stock has a 50-day moving average price of $50.66 and a two-hundred day moving average price of $57.62. 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 1 year low of $44.62 and a 1 year high of $75.53.

Warrior Met Coal (NYSE:HCC) last posted 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). Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. The business had revenue of $297.47 million during the quarter, compared to the consensus estimate of $331.70 million. Equities analysts forecast that Warrior Met Coal, Inc. will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 24th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.32 annualized dividend and a dividend yield of 0.66%. Warrior Met Coal’s dividend payout ratio is currently 6.68%.

Analyst Ratings Changes

HCC has been the topic of a number of research reports. Jefferies Financial Group dropped 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. B. Riley decreased their target price on Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating for the company in a research note 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $74.00.

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.