KBC Group NV grew its holdings in Warrior Met Coal, Inc. (NYSE:HCC – Free Report) by 25.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,139 shares of the company’s stock after purchasing an additional 428 shares during the period. KBC Group NV’s holdings in Warrior Met Coal were worth $116,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. grew its position in Warrior Met Coal by 48.5% during the third quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $35,000 after purchasing an additional 180 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Warrior Met Coal during the 4th quarter valued at $43,000. GAMMA Investing LLC increased its stake in shares of Warrior Met Coal by 56.7% in the fourth quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock worth $54,000 after acquiring an additional 358 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Warrior Met Coal during the third quarter worth $204,000. Finally, Townsquare Capital LLC boosted its position in Warrior Met Coal by 26.2% during the third quarter. Townsquare Capital LLC now owns 4,375 shares of the company’s stock valued at $280,000 after purchasing an additional 907 shares during the last quarter. 92.28% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts have weighed in on HCC shares. B. Riley upped their target price on Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group decreased their target price on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Warrior Met Coal has a consensus rating of “Moderate Buy” and an average target price of $75.00.
Warrior Met Coal Stock Performance
Shares of NYSE HCC opened at $52.36 on Friday. The business’s 50-day simple moving average is $56.51 and its 200-day simple moving average is $60.41. 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, Inc. has a 52 week low of $49.97 and a 52 week high of $75.53. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 7.23 and a beta of 1.07.
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.
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