Algert Global LLC Has $2.43 Million Stock Position in Warrior Met Coal, Inc. (NYSE:HCC)

Algert Global LLC grew its holdings in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 59.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 38,764 shares of the company’s stock after acquiring an additional 14,384 shares during the period. Algert Global LLC owned about 0.07% of Warrior Met Coal worth $2,433,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Forest Avenue Capital Management LP bought a new position in Warrior Met Coal during the 4th quarter worth $6,725,000. Wellington Management Group LLP increased its stake in shares of Warrior Met Coal by 7.1% in the fourth quarter. Wellington Management Group LLP now owns 90,211 shares of the company’s stock valued at $5,500,000 after buying an additional 6,015 shares during the period. UniSuper Management Pty Ltd bought a new position in shares of Warrior Met Coal during the first quarter worth about $604,000. US Bancorp DE lifted its stake in shares of Warrior Met Coal by 4,886.7% in the fourth quarter. US Bancorp DE now owns 16,157 shares of the company’s stock worth $985,000 after acquiring an additional 15,833 shares during the period. Finally, Capstone Investment Advisors LLC bought a new stake in Warrior Met Coal in the first quarter valued at approximately $924,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Stock Performance

Shares of HCC stock opened at $63.12 on Wednesday. The firm has a 50 day moving average of $59.50 and a 200-day moving average of $63.15. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 7.60 and a beta of 1.02. The company has a quick ratio of 5.37, a current ratio of 6.37 and a debt-to-equity ratio of 0.09. Warrior Met Coal, Inc. has a 52 week low of $44.76 and a 52 week high of $75.53.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Thursday, August 1st. The company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.03. Warrior Met Coal had a net margin of 25.01% and a return on equity of 22.71%. The business had revenue of $396.52 million for the quarter, compared to analyst estimates of $387.91 million. During the same period in the prior year, the firm earned $1.63 earnings per share. Warrior Met Coal’s revenue was up 4.4% on a year-over-year basis. On average, equities analysts forecast that Warrior Met Coal, Inc. will post 5.55 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Tuesday, August 6th. Warrior Met Coal’s payout ratio is 3.85%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on HCC shares. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research report on Monday, August 5th. B. Riley dropped their target price on shares of Warrior Met Coal from $92.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $72.60.

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.