Pekin Hardy Strauss Inc. Increases Stake in Warrior Met Coal, Inc. (NYSE:HCC)

Pekin Hardy Strauss Inc. grew its position in Warrior Met Coal, Inc. (NYSE:HCC) by 76.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 12,100 shares of the company’s stock after buying an additional 5,225 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Warrior Met Coal were worth $773,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HCC. GAMMA Investing LLC raised its holdings in Warrior Met Coal by 38.6% in the 2nd quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock worth $32,000 after acquiring an additional 144 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Warrior Met Coal by 48.5% in the 3rd quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $35,000 after purchasing an additional 180 shares in the last quarter. SummerHaven Investment Management LLC raised its stake in shares of Warrior Met Coal by 1.2% in the second quarter. SummerHaven Investment Management LLC now owns 19,319 shares of the company’s stock worth $1,213,000 after purchasing an additional 231 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of Warrior Met Coal by 6.3% during the second quarter. Evergreen Capital Management LLC now owns 3,903 shares of the company’s stock valued at $245,000 after purchasing an additional 231 shares in the last quarter. Finally, QRG Capital Management Inc. increased its holdings in Warrior Met Coal by 4.5% in the 2nd quarter. QRG Capital Management Inc. now owns 6,397 shares of the company’s stock worth $402,000 after buying an additional 277 shares in the last quarter. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Stock Down 3.5 %

Shares of HCC opened at $70.27 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 company has a market capitalization of $3.68 billion, a PE ratio of 9.71 and a beta of 1.02. The business’s 50 day moving average is $63.58 and its 200 day moving average is $63.87.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, October 30th. The company reported $0.80 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 firm had revenue of $327.72 million for the quarter, compared to the consensus estimate of $322.21 million. During the same quarter in the previous year, the firm earned $1.85 earnings per share. The company’s quarterly revenue was down 22.6% compared to the same quarter last year. Research analysts expect that Warrior Met Coal, Inc. will post 5.62 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend was Tuesday, November 5th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 4.42%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HCC. B. Riley raised their price target on shares of Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a research report on Monday, August 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.