Y Intercept Hong Kong Ltd Makes New Investment in Warrior Met Coal, Inc. (NYSE:HCC)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Warrior Met Coal, Inc. (NYSE:HCC) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 23,972 shares of the company’s stock, valued at approximately $1,300,000.

A number of other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in Warrior Met Coal by 48.5% during the 3rd quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $35,000 after purchasing an additional 180 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Warrior Met Coal in the 4th quarter valued at about $43,000. GAMMA Investing LLC grew its stake 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 acquiring an additional 358 shares in the last quarter. Wolverine Asset Management LLC increased its position in shares of Warrior Met Coal by 264.4% during the fourth quarter. Wolverine Asset Management LLC now owns 1,741 shares of the company’s stock worth $94,000 after acquiring an additional 2,800 shares during the last quarter. Finally, KBC Group NV increased its position in shares of Warrior Met Coal by 29.7% during the third quarter. KBC Group NV now owns 1,711 shares of the company’s stock worth $109,000 after acquiring an additional 392 shares during the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Stock Down 1.1 %

Shares of Warrior Met Coal stock opened at $50.54 on Thursday. The business has a 50-day moving average price of $53.10 and a 200 day moving average price of $59.10. Warrior Met Coal, Inc. has a fifty-two week low of $45.94 and a fifty-two week high of $75.53. The firm has a market cap of $2.66 billion, a P/E ratio of 10.55 and a beta of 1.07. 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 issued 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). 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 net margin of 16.43% and a return on equity of 12.56%. On average, 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 firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 24th will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, February 24th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.63%. Warrior Met Coal’s dividend payout ratio (DPR) is 6.68%.

Analyst Ratings Changes

HCC has been the subject of a number of analyst reports. Jefferies Financial Group reduced their price target 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. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research note on Friday, February 14th. Finally, B. Riley dropped their price target on shares of 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. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $74.00.

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.