Rhumbline Advisers grew its holdings in shares of Warrior Met Coal Inc (NYSE:HCC) by 16.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,347 shares of the company’s stock after purchasing an additional 5,982 shares during the quarter. Rhumbline Advisers owned approximately 0.08% of Warrior Met Coal worth $1,145,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in HCC. Prudential Financial Inc. acquired a new position in Warrior Met Coal in the third quarter valued at approximately $1,386,000. JPMorgan Chase & Co. boosted its holdings in shares of Warrior Met Coal by 180.8% in the third quarter. JPMorgan Chase & Co. now owns 1,361,623 shares of the company’s stock valued at $36,818,000 after acquiring an additional 876,707 shares during the period. Stone Ridge Asset Management LLC boosted its holdings in shares of Warrior Met Coal by 49.1% in the third quarter. Stone Ridge Asset Management LLC now owns 22,308 shares of the company’s stock valued at $603,000 after acquiring an additional 7,349 shares during the period. Dupont Capital Management Corp acquired a new stake in shares of Warrior Met Coal in the third quarter valued at approximately $384,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Warrior Met Coal in the third quarter valued at approximately $1,266,000.
Several research firms have recently weighed in on HCC. Zacks Investment Research downgraded Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Monday. MKM Partners raised Warrior Met Coal from a “neutral” rating to a “buy” rating and increased their price objective for the company from $31.00 to $37.00 in a report on Thursday, November 8th. Citigroup increased their price objective on Warrior Met Coal from $32.00 to $33.00 and gave the company a “buy” rating in a report on Monday, December 3rd. B. Riley increased their price objective on Warrior Met Coal from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, September 19th. Finally, Morgan Stanley increased their price objective on Warrior Met Coal from $27.00 to $29.00 and gave the company a “hold” rating in a report on Tuesday, October 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $31.88.
Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, October 31st. The company reported $1.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.25 by ($0.19). Warrior Met Coal had a return on equity of 94.17% and a net margin of 33.38%. The company had revenue of $273.30 million for the quarter, compared to analysts’ expectations of $278.46 million. During the same quarter last year, the company earned $2.27 EPS. Warrior Met Coal’s revenue for the quarter was down 12.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Warrior Met Coal Inc will post 8.13 EPS for the current fiscal year.
In other Warrior Met Coal news, insider Kelli K. Gant sold 10,000 shares of the stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $27.29, for a total value of $272,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Walter J. Scheller sold 34,250 shares of the stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $27.32, for a total value of $935,710.00. The disclosure for this sale can be found here. 0.51% of the stock is owned by corporate insiders.
Warrior Met Coal Company Profile
Warrior Met Coal, Inc produces and exports 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.
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