Warrior Met Coal (HCC) Reaches New 12-Month High Following Earnings Beat

Warrior Met Coal LLC (NYSE:HCC) hit a new 52-week high during trading on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $30.64 and last traded at $30.71, with a volume of 731562 shares traded. The stock had previously closed at $28.90.

The company reported $1.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $1.04. Warrior Met Coal had a return on equity of 51.58% and a net margin of 36.20%.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 23rd will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Thursday, February 22nd. Warrior Met Coal’s payout ratio is 2.70%.

Several analysts recently commented on HCC shares. Zacks Investment Research upgraded Warrior Met Coal from a “hold” rating to a “strong-buy” rating and set a $31.00 price target for the company in a research report on Tuesday, November 7th. ValuEngine cut Warrior Met Coal from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. B. Riley reiterated a “hold” rating and set a $26.00 price target on shares of Warrior Met Coal in a research report on Friday, November 10th. Credit Suisse Group boosted their price target on Warrior Met Coal from $18.75 to $35.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Finally, Seaport Global Securities cut Warrior Met Coal from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 18th. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Warrior Met Coal presently has an average rating of “Buy” and an average price target of $26.67.

In other Warrior Met Coal news, Director Franklin Mutual Advisers Llc sold 4,237 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $20.46, for a total transaction of $86,689.02. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its stake in Warrior Met Coal by 5.4% during the third quarter. Bank of New York Mellon Corp now owns 63,890 shares of the company’s stock worth $1,506,000 after buying an additional 3,289 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Warrior Met Coal by 5.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 66,325 shares of the company’s stock worth $1,564,000 after buying an additional 3,673 shares during the last quarter. Strs Ohio boosted its stake in Warrior Met Coal by 18.9% during the fourth quarter. Strs Ohio now owns 34,000 shares of the company’s stock worth $855,000 after buying an additional 5,400 shares during the last quarter. Spark Investment Management LLC boosted its stake in Warrior Met Coal by 16.0% during the fourth quarter. Spark Investment Management LLC now owns 39,200 shares of the company’s stock worth $985,000 after buying an additional 5,400 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Warrior Met Coal in the 3rd quarter valued at $135,000. 99.05% of the stock is currently owned by institutional investors.

The stock has a market cap of $1,650.00 and a P/E ratio of 4.17.

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Warrior Met Coal Company Profile

Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.

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