Quadrant Capital Group LLC Grows Position in Warrior Met Coal, Inc. (NYSE:HCC)

Quadrant Capital Group LLC increased its position in Warrior Met Coal, Inc. (NYSE:HCC) by 79.2% in the fourth quarter, HoldingsChannel reports. The firm owned 1,000 shares of the company’s stock after purchasing an additional 442 shares during the quarter. Quadrant Capital Group LLC’s holdings in Warrior Met Coal were worth $61,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. USA Financial Formulas bought a new position in Warrior Met Coal during the 4th quarter valued at approximately $25,000. McGlone Suttner Wealth Management Inc. bought a new position in Warrior Met Coal during the 4th quarter valued at approximately $38,000. Kingsview Wealth Management LLC bought a new position in Warrior Met Coal during the 3rd quarter valued at approximately $208,000. Vanguard Personalized Indexing Management LLC bought a new position in Warrior Met Coal during the 4th quarter valued at approximately $231,000. Finally, AlphaMark Advisors LLC bought a new position in Warrior Met Coal during the 4th quarter valued at approximately $297,000. Institutional investors own 92.28% of the company’s stock.

Wall Street Analysts Forecast Growth

HCC has been the subject of a number of analyst reports. Citigroup raised Warrior Met Coal from a “neutral” rating to a “buy” rating and raised their price objective for the company from $60.00 to $75.00 in a research report on Thursday, April 11th. B. Riley lifted their target price on Warrior Met Coal from $87.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a report on Thursday, May 2nd. Finally, BMO Capital Markets lifted their target price on Warrior Met Coal from $62.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.80.

Warrior Met Coal Stock Performance

HCC stock opened at $66.28 on Monday. The company has a market cap of $3.47 billion, a P/E ratio of 7.98 and a beta of 1.05. Warrior Met Coal, Inc. has a 1 year low of $31.97 and a 1 year high of $71.91. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.86 and a quick ratio of 5.85. The stock’s fifty day moving average price is $63.13 and its 200-day moving average price is $60.53.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, May 1st. The company reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.61. The firm had revenue of $503.50 million for the quarter, compared to the consensus estimate of $474.99 million. Warrior Met Coal had a return on equity of 24.71% and a net margin of 25.94%. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period last year, the business posted $3.57 EPS. On average, equities analysts forecast that Warrior Met Coal, Inc. will post 6.98 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 13th. Investors of record on Monday, May 6th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $0.32 annualized dividend and a yield of 0.48%. Warrior Met Coal’s dividend payout ratio (DPR) is presently 3.85%.

Warrior Met Coal 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.