Russell Investments Group Ltd. grew its holdings in Warrior Met Coal Inc (NYSE:HCC) by 17.4% in the second quarter, Holdings Channel.com reports. The firm owned 312,999 shares of the company’s stock after purchasing an additional 46,452 shares during the period. Russell Investments Group Ltd.’s holdings in Warrior Met Coal were worth $8,101,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Warrior Met Coal during the second quarter valued at $12,377,000. Dimensional Fund Advisors LP boosted its position in Warrior Met Coal by 104.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 791,490 shares of the company’s stock worth $19,083,000 after acquiring an additional 404,063 shares during the period. Impala Asset Management LLC boosted its position in Warrior Met Coal by 36.8% during the 1st quarter. Impala Asset Management LLC now owns 1,467,341 shares of the company’s stock worth $44,607,000 after acquiring an additional 394,404 shares during the period. JPMorgan Chase & Co. boosted its position in Warrior Met Coal by 30.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,398,931 shares of the company’s stock worth $36,023,000 after acquiring an additional 322,975 shares during the period. Finally, First Quadrant L P CA grew its stake in Warrior Met Coal by 404.8% during the 2nd quarter. First Quadrant L P CA now owns 189,937 shares of the company’s stock valued at $4,961,000 after acquiring an additional 152,310 shares in the last quarter.
In other Warrior Met Coal news, CFO Dale W. Boyles acquired 1,200 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average price of $22.22 per share, with a total value of $26,664.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.59% of the stock is currently owned by company insiders.
HCC stock traded up $0.22 during mid-day trading on Wednesday, hitting $22.76. The stock had a trading volume of 17,205 shares, compared to its average volume of 857,013. Warrior Met Coal Inc has a 1-year low of $19.89 and a 1-year high of $33.49. The company has a fifty day moving average of $21.64 and a 200 day moving average of $26.43. The company has a current ratio of 3.31, a quick ratio of 2.73 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 2.59 and a beta of 0.59.
Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $2.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.47. The business had revenue of $397.61 million during the quarter, compared to analyst estimates of $311.62 million. Warrior Met Coal had a return on equity of 62.99% and a net margin of 47.01%. The firm’s revenue was up 23.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.81 EPS. As a group, sell-side analysts expect that Warrior Met Coal Inc will post 6.33 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on HCC. MKM Partners upped their target price on Warrior Met Coal to $38.00 and gave the company a “buy” rating in a report on Friday, May 24th. TheStreet cut shares of Warrior Met Coal from a “b-” rating to a “c+” rating in a report on Wednesday, June 5th. ValuEngine downgraded shares of Warrior Met Coal from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. B. Riley set a $30.00 price objective on shares of Warrior Met Coal and gave the company a “hold” rating in a research note on Thursday, August 22nd. Finally, Deutsche Bank set a $34.00 target price on shares of Warrior Met Coal and gave the stock a “buy” rating in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Warrior Met Coal presently has an average rating of “Hold” and an average price target of $31.56.
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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