Allianz Asset Management GmbH Acquires 126,911 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Allianz Asset Management GmbH grew its holdings in Warrior Met Coal, Inc. (NYSE:HCC) by 10.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,378,645 shares of the company’s stock after buying an additional 126,911 shares during the quarter. Allianz Asset Management GmbH’s holdings in Warrior Met Coal were worth $74,778,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HCC. Victory Capital Management Inc. increased its stake in Warrior Met Coal by 26.6% in the third quarter. Victory Capital Management Inc. now owns 52,280 shares of the company’s stock valued at $3,341,000 after acquiring an additional 10,972 shares during the period. Geode Capital Management LLC grew its stake in shares of Warrior Met Coal by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,208,405 shares of the company’s stock valued at $77,232,000 after purchasing an additional 13,650 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Warrior Met Coal by 14.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 671,427 shares of the company’s stock worth $42,904,000 after buying an additional 83,331 shares in the last quarter. Citigroup Inc. lifted its position in shares of Warrior Met Coal by 61.4% during the 3rd quarter. Citigroup Inc. now owns 87,441 shares of the company’s stock worth $5,587,000 after buying an additional 33,272 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Warrior Met Coal by 3.8% during the 3rd quarter. Principal Financial Group Inc. now owns 298,308 shares of the company’s stock worth $19,062,000 after buying an additional 10,787 shares during the period. 92.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on HCC shares. Jefferies Financial Group lowered their price target on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a report on Friday, February 14th. Finally, B. Riley dropped their target price on shares of Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $74.00.

Warrior Met Coal Stock Down 4.0 %

NYSE HCC opened at $46.17 on Friday. The stock’s 50 day simple moving average is $53.59 and its 200 day simple moving average is $59.32. Warrior Met Coal, Inc. has a one year low of $45.94 and a one year high of $75.53. The firm has a market cap of $2.43 billion, a PE ratio of 9.64 and a beta of 1.07. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.20 and a quick ratio of 3.99.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Thursday, February 13th. The company reported $0.15 EPS for the quarter, missing the consensus estimate 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 business had revenue of $297.47 million for the quarter, compared to the consensus estimate of $331.70 million. As a group, sell-side analysts forecast that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 24th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Monday, February 24th. Warrior Met Coal’s payout ratio is presently 6.68%.

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.