Warrior Met Coal (NYSE:HCC) Trading Up 9.1% – Here’s What Happened

Warrior Met Coal, Inc. (NYSE:HCC) traded up 9.1% during mid-day trading on Tuesday . The stock traded as high as $44.93 and last traded at $44.58. 90,334 shares were traded during trading, a decline of 88% from the average session volume of 765,235 shares. The stock had previously closed at $40.87.

Analyst Upgrades and Downgrades

HCC has been the subject of a number of research reports. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research note on Friday, February 14th. Jefferies Financial Group lowered their target price on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, B. Riley reduced their price target 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. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $74.00.

Warrior Met Coal Trading Down 1.9 %

The stock’s fifty day simple moving average is $48.49 and its two-hundred day simple moving average is $56.82. The firm has a market cap of $2.30 billion, a PE ratio of 9.14 and a beta of 0.80. The company has a quick ratio of 3.99, a current ratio of 5.20 and a debt-to-equity ratio of 0.09.

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

Warrior Met Coal Announces Dividend

The company 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. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Monday, February 24th. Warrior Met Coal’s payout ratio is 6.68%.

Institutional Investors Weigh In On Warrior Met Coal

Several institutional investors and hedge funds have recently made changes to their positions in HCC. FNY Investment Advisers LLC purchased a new stake in Warrior Met Coal during the 4th quarter valued at $43,000. GAMMA Investing LLC lifted its holdings 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 valued at $54,000 after purchasing an additional 358 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Warrior Met Coal by 31.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company’s stock valued at $64,000 after buying an additional 279 shares during the last quarter. Smartleaf Asset Management LLC increased 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 buying an additional 1,040 shares in the last quarter. Finally, Sterling Capital Management LLC raised its position in Warrior Met Coal by 818.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,634 shares of the company’s stock worth $89,000 after buying an additional 1,456 shares during the last quarter. Institutional investors own 92.28% of the company’s stock.

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.