Warrior Met Coal (HCC) Holdings Increased by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. raised its position in shares of Warrior Met Coal (NYSE:HCC) by 270.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 76,168 shares of the company’s stock after purchasing an additional 55,597 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.14% of Warrior Met Coal worth $1,916,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its position in Warrior Met Coal by 5.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 63,890 shares of the company’s stock valued at $1,506,000 after purchasing an additional 3,289 shares during the period. Schwab Charles Investment Management Inc. increased its position in Warrior Met Coal by 5.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 66,325 shares of the company’s stock valued at $1,564,000 after purchasing an additional 3,673 shares during the period. Strs Ohio increased its position in Warrior Met Coal by 18.9% during the 4th quarter. Strs Ohio now owns 34,000 shares of the company’s stock valued at $855,000 after purchasing an additional 5,400 shares during the period. Spark Investment Management LLC increased its position in Warrior Met Coal by 16.0% during the 4th quarter. Spark Investment Management LLC now owns 39,200 shares of the company’s stock valued at $985,000 after purchasing an additional 5,400 shares during the period. Finally, UBS Asset Management Americas Inc. acquired a new stake in Warrior Met Coal during the 4th quarter valued at approximately $206,000.

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In other news, insider Kelli K. Gant sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $30.98, for a total transaction of $619,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian M. Chopin sold 21,106 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $31.84, for a total transaction of $672,015.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 174,533 shares of company stock valued at $5,400,965. Insiders own 0.51% of the company’s stock.

Shares of HCC stock opened at $22.44 on Tuesday. The company has a market cap of $1,246.86 and a PE ratio of 2.84. Warrior Met Coal has a 52 week low of $15.10 and a 52 week high of $33.72. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.48 and a quick ratio of 1.98.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.00 by $0.16. The company had revenue of $239.80 million during the quarter, compared to the consensus estimate of $227.72 million. Warrior Met Coal had a net margin of 38.92% and a return on equity of 61.78%. sell-side analysts expect that Warrior Met Coal will post 7 earnings per share for the current fiscal year.

The business also recently disclosed a special dividend, which will be paid on Friday, April 20th. Stockholders of record on Friday, April 13th will be given a dividend of $6.53 per share. This represents a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 12th. Warrior Met Coal’s dividend payout ratio (DPR) is 2.53%.

HCC has been the subject of a number of recent analyst reports. Citigroup raised shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Thursday, February 22nd. BMO Capital Markets increased their target price on shares of Warrior Met Coal to $39.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Zacks Investment Research raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Wednesday, April 4th. Macquarie raised shares of Warrior Met Coal from an “underperform” rating to a “hold” rating in a research report on Tuesday, January 23rd. Finally, B. Riley reissued a “hold” rating and set a $28.00 target price on shares of Warrior Met Coal in a research report on Wednesday, January 17th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $28.83.

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Warrior Met Coal 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.

Institutional Ownership by Quarter for Warrior Met Coal (NYSE:HCC)

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