Cibc World Markets Corp Purchases Shares of 4,851 Warrior Met Coal, Inc. (NYSE:HCC)

Cibc World Markets Corp acquired a new position in Warrior Met Coal, Inc. (NYSE:HCC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,851 shares of the company’s stock, valued at approximately $263,000.

Several other large investors have also recently modified their holdings of HCC. State Street Corp boosted its stake in Warrior Met Coal by 4.9% in the 3rd quarter. State Street Corp now owns 3,404,237 shares of the company’s stock worth $217,531,000 after purchasing an additional 158,722 shares in the last quarter. FMR LLC lifted its stake in shares of Warrior Met Coal by 8.6% during the third quarter. FMR LLC now owns 3,210,531 shares of the company’s stock worth $205,153,000 after buying an additional 254,540 shares during the period. Maple Rock Capital Partners Inc. lifted its stake in shares of Warrior Met Coal by 193.9% during the third quarter. Maple Rock Capital Partners Inc. now owns 1,460,992 shares of the company’s stock worth $93,357,000 after buying an additional 963,892 shares during the period. Allianz Asset Management GmbH grew its holdings in shares of Warrior Met Coal by 10.1% during the fourth quarter. Allianz Asset Management GmbH now owns 1,378,645 shares of the company’s stock valued at $74,778,000 after buying an additional 126,911 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Warrior Met Coal by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,208,405 shares of the company’s stock worth $77,232,000 after acquiring an additional 13,650 shares during the last quarter. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Stock Up 1.5 %

Shares of HCC opened at $48.90 on Wednesday. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 10.21 and a beta of 1.10. Warrior Met Coal, Inc. has a 52 week low of $44.62 and a 52 week high of $75.53. The stock’s 50-day moving average price is $50.98 and its 200-day moving average price is $57.72. The company has a quick ratio of 3.99, a current ratio of 5.20 and a debt-to-equity ratio of 0.09.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.34). The company had revenue of $297.47 million during the quarter, compared to analysts’ expectations of $331.70 million. Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. On average, sell-side analysts predict that Warrior Met Coal, Inc. will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 24th were issued a $0.08 dividend. The ex-dividend date was Monday, February 24th. This represents a $0.32 dividend on an annualized basis and a yield of 0.65%. Warrior Met Coal’s payout ratio is 6.68%.

Wall Street Analyst Weigh In

Several analysts have weighed in on HCC shares. B. Riley dropped their price target on Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Jefferies Financial Group dropped their target price on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research note on Friday, February 14th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $74.00.

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.