70,471 Shares in Warrior Met Coal, Inc. (NYSE:HCC) Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC bought a new position in Warrior Met Coal, Inc. (NYSE:HCC) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 70,471 shares of the company’s stock, valued at approximately $4,503,000.

Several other hedge funds have also made changes to their positions in the company. Empowered Funds LLC lifted its stake in Warrior Met Coal by 4.3% in the third quarter. Empowered Funds LLC now owns 215,667 shares of the company’s stock worth $13,781,000 after acquiring an additional 8,802 shares during the period. KBC Group NV increased its position in Warrior Met Coal by 29.7% during the 3rd quarter. KBC Group NV now owns 1,711 shares of the company’s stock valued at $109,000 after purchasing an additional 392 shares during the period. Victory Capital Management Inc. lifted its position in shares of Warrior Met Coal by 26.6% in the 3rd quarter. Victory Capital Management Inc. now owns 52,280 shares of the company’s stock worth $3,341,000 after purchasing an additional 10,972 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in shares of Warrior Met Coal by 19.9% during the third quarter. State of New Jersey Common Pension Fund D now owns 34,235 shares of the company’s stock valued at $2,188,000 after purchasing an additional 5,692 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in Warrior Met Coal during the third quarter valued at approximately $204,000. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HCC. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a report on Monday, August 5th. B. Riley raised their price objective on Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Warrior Met Coal currently has a consensus rating of “Hold” and a consensus price target of $75.75.

Warrior Met Coal Price Performance

Shares of HCC opened at $70.24 on Friday. The company has a 50 day moving average of $63.58 and a two-hundred day moving average of $63.89. The company has a quick ratio of 4.67, a current ratio of 5.81 and a debt-to-equity ratio of 0.09. Warrior Met Coal, Inc. has a twelve month low of $50.60 and a twelve month high of $75.53. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 9.70 and a beta of 1.02.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.40. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. The firm had revenue of $327.72 million for the quarter, compared to the consensus estimate of $322.21 million. During the same period in the previous year, the business earned $1.85 EPS. The firm’s revenue for the quarter was down 22.6% on a year-over-year basis. As a group, analysts predict 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. Investors of record on Tuesday, November 5th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Tuesday, November 5th. Warrior Met Coal’s payout ratio is currently 4.42%.

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.