LSP Investment Advisors LLC Acquires Shares of 45,600 Warrior Met Coal, Inc. (NYSE:HCC)

LSP Investment Advisors LLC acquired a new position in Warrior Met Coal, Inc. (NYSE:HCC) during the fourth quarter, Holdings Channel.com reports. The firm acquired 45,600 shares of the company’s stock, valued at approximately $2,473,000. Warrior Met Coal comprises 1.8% of LSP Investment Advisors LLC’s holdings, making the stock its 11th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. River Road Asset Management LLC raised its stake in shares of Warrior Met Coal by 2.1% during the 4th quarter. River Road Asset Management LLC now owns 888,388 shares of the company’s stock valued at $48,186,000 after buying an additional 18,031 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Warrior Met Coal by 14.2% in the third quarter. JPMorgan Chase & Co. now owns 671,427 shares of the company’s stock valued at $42,904,000 after acquiring an additional 83,331 shares during the period. Hosking Partners LLP boosted its position in Warrior Met Coal by 9.6% in the 4th quarter. Hosking Partners LLP now owns 524,833 shares of the company’s stock worth $28,467,000 after purchasing an additional 45,868 shares in the last quarter. Forest Avenue Capital Management LP increased its holdings in shares of Warrior Met Coal by 32.5% during the 4th quarter. Forest Avenue Capital Management LP now owns 545,189 shares of the company’s stock valued at $29,571,000 after purchasing an additional 133,642 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Warrior Met Coal during the fourth quarter worth $1,300,000. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Warrior Met Coal Price Performance

Shares of Warrior Met Coal stock opened at $48.92 on Tuesday. The stock has a market capitalization of $2.57 billion, a P/E ratio of 10.21 and a beta of 0.80. The business has a 50 day simple moving average of $47.62 and a two-hundred day simple moving average of $55.58. Warrior Met Coal, Inc. has a 12 month low of $38.00 and a 12 month high of $75.53. 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 quarterly earnings data 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). Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. The firm had revenue of $297.47 million during the quarter, compared to analysts’ expectations of $331.70 million. As a group, analysts predict that Warrior Met Coal, Inc. will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, May 5th will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.65%. Warrior Met Coal’s dividend payout ratio (DPR) 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.