Proficio Capital Partners LLC Invests $677,000 in Warrior Met Coal, Inc. (NYSE:HCC)

Proficio Capital Partners LLC bought a new position in shares of Warrior Met Coal, Inc. (NYSE:HCC) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 12,475 shares of the company’s stock, valued at approximately $677,000.

Other institutional investors also recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new position in shares of Warrior Met Coal during the 4th quarter worth about $43,000. GAMMA Investing LLC grew its position in shares of Warrior Met Coal by 56.7% during the 4th quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock worth $54,000 after buying an additional 358 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Warrior Met Coal by 304.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company’s stock worth $75,000 after buying an additional 1,040 shares during the period. Wolverine Asset Management LLC grew its position in shares of Warrior Met Coal by 264.4% during the 4th quarter. Wolverine Asset Management LLC now owns 1,741 shares of the company’s stock worth $94,000 after buying an additional 2,800 shares during the period. Finally, KBC Group NV lifted its holdings in shares of Warrior Met Coal by 25.0% during the 4th quarter. KBC Group NV now owns 2,139 shares of the company’s stock valued at $116,000 after purchasing an additional 428 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Jefferies Financial Group cut 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. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a report on Friday, February 14th. Finally, B. Riley cut their price objective on Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.00.

Warrior Met Coal Stock Down 1.0 %

HCC stock opened at $46.64 on Friday. The company has a current ratio of 5.20, a quick ratio of 3.99 and a debt-to-equity ratio of 0.09. The business’s 50 day simple moving average is $51.18 and its 200 day simple moving average is $57.77. Warrior Met Coal, Inc. has a 1-year low of $44.62 and a 1-year high of $75.53. The firm has a market capitalization of $2.45 billion, a PE ratio of 9.74 and a beta of 1.10.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.15 EPS 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 analyst estimates of $331.70 million. Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. As a group, research analysts anticipate that Warrior Met Coal, Inc. will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 24th were given a dividend of $0.08 per share. The ex-dividend date was Monday, February 24th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.69%. Warrior Met Coal’s payout ratio is 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.