Warrior Met Coal, Inc. (NYSE:HCC) Shares Acquired by Dalal Street LLC

Dalal Street LLC raised its stake in Warrior Met Coal, Inc. (NYSE:HCC) by 144.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,704,670 shares of the company’s stock after buying an additional 1,006,263 shares during the period. Warrior Met Coal makes up 36.5% of Dalal Street LLC’s investment portfolio, making the stock its 2nd biggest position. Dalal Street LLC’s holdings in Warrior Met Coal were worth $92,461,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. raised its holdings in Warrior Met Coal by 2.1% in the 4th quarter. Russell Investments Group Ltd. now owns 69,832 shares of the company’s stock valued at $3,788,000 after buying an additional 1,418 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Warrior Met Coal in the 4th quarter valued at approximately $449,000. Wells Fargo & Company MN raised its stake in shares of Warrior Met Coal by 25.5% during the fourth quarter. Wells Fargo & Company MN now owns 32,919 shares of the company’s stock valued at $1,786,000 after acquiring an additional 6,688 shares during the last quarter. Bryce Point Capital LLC acquired a new position in Warrior Met Coal during the 4th quarter worth about $1,351,000. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of Warrior Met Coal by 6.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 22,371 shares of the company’s stock worth $1,213,000 after acquiring an additional 1,285 shares during the period. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HCC has been the topic of several recent analyst reports. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a report on Friday, February 14th. B. Riley dropped 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. Finally, Jefferies Financial Group cut their price target on 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Warrior Met Coal presently has an average rating of “Moderate Buy” and an average price target of $74.00.

Warrior Met Coal Stock Down 7.8 %

Shares of NYSE:HCC opened at $40.51 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.99 and a current ratio of 5.20. Warrior Met Coal, Inc. has a 52-week low of $39.06 and a 52-week high of $75.53. The business’s 50 day simple moving average is $49.60 and its two-hundred day simple moving average is $57.30. The firm has a market cap of $2.13 billion, a P/E ratio of 8.46 and a beta of 0.80.

Warrior Met Coal (NYSE:HCC) last issued its 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). The firm had revenue of $297.47 million during the quarter, compared to the consensus estimate of $331.70 million. Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. As a group, research 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 announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 24th were issued a $0.08 dividend. The ex-dividend date was Monday, February 24th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.79%. Warrior Met Coal’s dividend payout ratio 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.