HighTower Advisors LLC Purchases 544 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

HighTower Advisors LLC grew its position in Warrior Met Coal, Inc. (NYSE:HCC) by 10.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,564 shares of the company’s stock after acquiring an additional 544 shares during the quarter. HighTower Advisors LLC’s holdings in Warrior Met Coal were worth $357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of HCC. Victory Capital Management Inc. grew its holdings in shares of 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 purchasing an additional 10,972 shares in the last quarter. Citigroup Inc. grew its stake in shares of Warrior Met Coal by 61.4% in 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 in the last quarter. Empowered Funds LLC increased its holdings in shares of Warrior Met Coal by 4.3% in the 3rd quarter. Empowered Funds LLC now owns 215,667 shares of the company’s stock worth $13,781,000 after buying an additional 8,802 shares during the last quarter. Old West Investment Management LLC raised its position in shares of Warrior Met Coal by 100.0% during the 3rd quarter. Old West Investment Management LLC now owns 76,000 shares of the company’s stock valued at $4,856,000 after buying an additional 38,000 shares in the last quarter. Finally, Forest Avenue Capital Management LP raised its position in shares of Warrior Met Coal by 91.3% during the 2nd quarter. Forest Avenue Capital Management LP now owns 211,014 shares of the company’s stock valued at $13,245,000 after buying an additional 100,714 shares in the last quarter. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Price Performance

Warrior Met Coal stock opened at $54.93 on Monday. Warrior Met Coal, Inc. has a 12-month low of $50.60 and a 12-month high of $75.53. The company has a current ratio of 5.81, a quick ratio of 4.67 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $65.37 and a 200-day moving average price of $63.71. The firm has a market capitalization of $2.87 billion, a PE ratio of 7.59 and a beta of 1.03.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.40. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. The business had revenue of $327.72 million during the quarter, compared to the consensus estimate of $322.21 million. During the same quarter last year, the firm earned $1.85 earnings per share. The firm’s quarterly revenue was down 22.6% compared to the same quarter last year. As a group, equities research analysts forecast that Warrior Met Coal, Inc. will post 5.62 EPS for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Tuesday, November 5th. Warrior Met Coal’s payout ratio is currently 4.42%.

Analysts Set New Price Targets

Separately, B. Riley boosted their price objective on Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Warrior Met Coal currently has an average rating of “Hold” and a consensus target price of $75.75.

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.