SG Americas Securities LLC Purchases New Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

SG Americas Securities LLC acquired a new position in shares of Warrior Met Coal, Inc. (NYSE:HCC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,498 shares of the company’s stock, valued at approximately $287,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HCC. Wellington Management Group LLP lifted its position in Warrior Met Coal by 7.1% during the fourth quarter. Wellington Management Group LLP now owns 90,211 shares of the company’s stock worth $5,500,000 after purchasing an additional 6,015 shares during the period. UniSuper Management Pty Ltd bought a new stake in Warrior Met Coal during the first quarter worth about $604,000. Capstone Investment Advisors LLC bought a new stake in Warrior Met Coal during the first quarter worth about $924,000. Clearbridge Investments LLC bought a new stake in Warrior Met Coal during the first quarter worth about $9,234,000. Finally, Edgestream Partners L.P. bought a new stake in Warrior Met Coal during the first quarter worth about $942,000. 92.28% of the stock is owned by institutional investors and hedge funds.

Warrior Met Coal Stock Down 1.5 %

HCC stock opened at $62.55 on Monday. The stock has a market capitalization of $3.27 billion, a P/E ratio of 7.53 and a beta of 1.02. The company has a current ratio of 6.37, a quick ratio of 5.37 and a debt-to-equity ratio of 0.09. Warrior Met Coal, Inc. has a 12 month low of $44.76 and a 12 month high of $75.53. The firm has a 50-day moving average price of $59.14 and a 200-day moving average price of $63.57.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Thursday, August 1st. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.03. Warrior Met Coal had a return on equity of 22.71% and a net margin of 25.01%. The company had revenue of $396.52 million during the quarter, compared to the consensus estimate of $387.91 million. During the same quarter in the prior year, the firm posted $1.63 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Warrior Met Coal, Inc. will post 5.55 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Benchmark reaffirmed 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 for the company in a report on Friday, September 6th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price 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.