Alliancebernstein L.P. Buys New Holdings in Warrior Met Coal (HCC)

Alliancebernstein L.P. bought a new position in shares of Warrior Met Coal (NYSE:HCC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 24,400 shares of the company’s stock, valued at approximately $614,000.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Warrior Met Coal by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 231,138 shares of the company’s stock valued at $5,813,000 after purchasing an additional 9,585 shares during the period. Lansdowne Partners UK LLP boosted its position in shares of Warrior Met Coal by 22.1% in the 4th quarter. Lansdowne Partners UK LLP now owns 710,908 shares of the company’s stock valued at $17,879,000 after purchasing an additional 128,573 shares during the period. Impala Asset Management LLC boosted its position in shares of Warrior Met Coal by 50.5% in the 4th quarter. Impala Asset Management LLC now owns 2,005,172 shares of the company’s stock valued at $50,430,000 after purchasing an additional 672,485 shares during the period. Spark Investment Management LLC boosted its position in shares of Warrior Met Coal by 16.0% in 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, American International Group Inc. boosted its position in shares of Warrior Met Coal by 97.3% in the 4th quarter. American International Group Inc. now owns 22,280 shares of the company’s stock valued at $560,000 after purchasing an additional 10,990 shares during the period.

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In other Warrior Met Coal news, insider Brian M. Chopin sold 21,106 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $31.84, for a total transaction of $672,015.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kelli K. Gant sold 20,000 shares of the firm’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $30.98, for a total value of $619,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 174,533 shares of company stock valued at $5,400,965 over the last 90 days. Corporate insiders own 0.51% of the company’s stock.

A number of equities analysts recently weighed in on the company. Royal Bank of Canada set a $33.00 price target on Warrior Met Coal and gave the company a “hold” rating in a research report on Friday, February 23rd. 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 Monday, February 12th. BMO Capital Markets set a $32.00 price target on Warrior Met Coal and gave the company a “buy” rating in a research report on Thursday. ValuEngine lowered Warrior Met Coal from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, Citigroup upgraded Warrior Met Coal from a “neutral” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Thursday, February 22nd. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.83.

Shares of NYSE HCC opened at $23.40 on Monday. Warrior Met Coal has a one year low of $15.10 and a one year high of $33.72. The stock has a market cap of $1,214.89 and a price-to-earnings ratio of 2.97. 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 Zacks’ consensus estimate of $1.00 by $0.16. Warrior Met Coal had a return on equity of 61.78% and a net margin of 38.92%. The firm had revenue of $239.80 million during the quarter, compared to analyst estimates of $227.72 million. equities analysts expect that Warrior Met Coal will post 7 EPS for the current year.

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

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

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