Citigroup Inc. Increases Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

Citigroup Inc. increased its position in Warrior Met Coal, Inc. (NYSE:HCC) by 61.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 87,441 shares of the company’s stock after purchasing an additional 33,272 shares during the period. Citigroup Inc. owned 0.17% of Warrior Met Coal worth $5,587,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HCC. Wulff Hansen & CO. lifted its holdings in shares of Warrior Met Coal by 6,177.0% during the second quarter. Wulff Hansen & CO. now owns 331,551 shares of the company’s stock worth $20,811,000 after purchasing an additional 326,269 shares during the period. Hosking Partners LLP increased its stake in Warrior Met Coal by 68.9% in the 2nd quarter. Hosking Partners LLP now owns 482,147 shares of the company’s stock valued at $30,264,000 after purchasing an additional 196,601 shares in the last quarter. River Road Asset Management LLC raised its holdings in Warrior Met Coal by 22.9% during the third quarter. River Road Asset Management LLC now owns 870,357 shares of the company’s stock worth $55,616,000 after purchasing an additional 162,387 shares during the last quarter. Merewether Investment Management LP purchased a new stake in Warrior Met Coal during the second quarter worth $9,190,000. Finally, Forest Avenue Capital Management LP grew its holdings in Warrior Met Coal by 91.3% in the second quarter. Forest Avenue Capital Management LP now owns 211,014 shares of the company’s stock valued at $13,245,000 after purchasing an additional 100,714 shares during the last quarter. 92.28% of the stock is owned by institutional investors and hedge funds.

Warrior Met Coal Price Performance

HCC opened at $70.32 on Monday. The company has a market capitalization of $3.68 billion, a P/E ratio of 9.71 and a beta of 1.02. Warrior Met Coal, Inc. has a 1-year low of $50.60 and a 1-year high of $75.53. The company has a 50-day moving average of $65.18 and a 200-day moving average of $64.08. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.67 and a current ratio of 5.81.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.40. The company had revenue of $327.72 million during the quarter, compared to the consensus estimate of $322.21 million. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. Warrior Met Coal’s quarterly revenue was down 22.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.85 earnings per share. Equities analysts expect that Warrior Met Coal, Inc. will post 5.62 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Tuesday, November 5th. Warrior Met Coal’s payout ratio is currently 4.42%.

Analyst Ratings Changes

HCC has been the subject of a number of recent research reports. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research note on Monday, August 5th. B. Riley raised their target price on shares of Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $75.75.

Warrior Met Coal Company 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.