Warrior Met Coal, Inc. (NYSE:HCC) Position Increased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD increased its stake in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,259,608 shares of the company’s stock after buying an additional 117,717 shares during the quarter. Price T Rowe Associates Inc. MD owned about 4.32% of Warrior Met Coal worth $122,563,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. MetLife Investment Management LLC boosted its position in shares of Warrior Met Coal by 5.7% during the fourth quarter. MetLife Investment Management LLC now owns 31,619 shares of the company’s stock worth $1,715,000 after buying an additional 1,716 shares during the period. Natixis bought a new stake in Warrior Met Coal in the fourth quarter worth about $539,000. First Trust Advisors LP raised its holdings in shares of Warrior Met Coal by 38.4% in the 4th quarter. First Trust Advisors LP now owns 108,441 shares of the company’s stock worth $5,882,000 after purchasing an additional 30,107 shares in the last quarter. Forest Avenue Capital Management LP boosted its holdings in Warrior Met Coal by 32.5% during the fourth quarter. Forest Avenue Capital Management LP now owns 545,189 shares of the company’s stock worth $29,571,000 after buying an additional 133,642 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Warrior Met Coal during the 4th quarter worth $357,000. 92.28% of the stock is currently owned by institutional investors.

Warrior Met Coal Stock Down 2.2 %

Shares of Warrior Met Coal stock opened at $49.07 on Monday. Warrior Met Coal, Inc. has a 12-month low of $38.00 and a 12-month high of $75.53. The stock has a market capitalization of $2.58 billion, a P/E ratio of 10.24 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. The stock has a 50 day moving average price of $47.63 and a two-hundred day moving average price of $55.68.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Thursday, February 13th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $331.70 million. Equities analysts expect that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, May 5th will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, May 5th. This represents a $0.32 annualized dividend and a dividend yield of 0.65%. Warrior Met Coal’s payout ratio is 6.68%.

Analyst Upgrades and Downgrades

HCC has been the subject of a number of analyst reports. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a research note on Friday, February 14th. Jefferies Financial Group cut their price objective on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, B. Riley dropped their price objective on Warrior Met Coal from $86.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, April 11th.

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.