Warrior Met Coal, Inc. (NYSE:HCC) Shares Bought by Townsquare Capital LLC

Townsquare Capital LLC lifted its holdings in Warrior Met Coal, Inc. (NYSE:HCC) by 26.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,375 shares of the company’s stock after purchasing an additional 907 shares during the period. Townsquare Capital LLC’s holdings in Warrior Met Coal were worth $280,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Wulff Hansen & CO. increased its position in shares of Warrior Met Coal by 6,177.0% in the second quarter. Wulff Hansen & CO. now owns 331,551 shares of the company’s stock worth $20,811,000 after acquiring an additional 326,269 shares in the last quarter. FMR LLC increased its position in shares of Warrior Met Coal by 8.6% in the third quarter. FMR LLC now owns 3,210,531 shares of the company’s stock worth $205,153,000 after acquiring an additional 254,540 shares in the last quarter. Hosking Partners LLP increased its position in shares of Warrior Met Coal by 68.9% in the second quarter. Hosking Partners LLP now owns 482,147 shares of the company’s stock worth $30,264,000 after acquiring an additional 196,601 shares in the last quarter. River Road Asset Management LLC increased its position in shares of Warrior Met Coal by 22.9% in the third quarter. River Road Asset Management LLC now owns 870,357 shares of the company’s stock worth $55,616,000 after acquiring an additional 162,387 shares in the last quarter. Finally, Merewether Investment Management LP purchased a new position in shares of Warrior Met Coal in the second quarter worth approximately $9,190,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Stock Performance

HCC stock opened at $63.69 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.67 and a current ratio of 5.81. The stock has a market cap of $3.33 billion, a P/E ratio of 8.80 and a beta of 1.03. The firm has a 50 day simple moving average of $65.88 and a 200 day simple moving average of $64.18. Warrior Met Coal, Inc. has a 52 week low of $50.60 and a 52 week high of $75.53.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.40 by $0.40. The business had revenue of $327.72 million during the quarter, compared to analysts’ expectations of $322.21 million. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. The firm’s quarterly revenue was down 22.6% compared to the same quarter last year. During the same period last year, the company posted $1.85 earnings per share. Research analysts anticipate that Warrior Met Coal, Inc. will post 5.62 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Tuesday, November 5th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 4.42%.

Wall Street Analyst Weigh In

Separately, B. Riley lifted their target price on shares of Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $75.75.

About Warrior Met Coal

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.