Winmill & CO. Inc. bought a new position in shares of Warrior Met Coal Inc (NYSE:HCC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 135,000 shares of the company’s stock, valued at approximately $2,635,000. Winmill & CO. Inc. owned 0.26% of Warrior Met Coal at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of Warrior Met Coal in the 2nd quarter valued at approximately $115,000. JPMorgan Chase & Co. raised its stake in shares of Warrior Met Coal by 30.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,398,931 shares of the company’s stock valued at $36,023,000 after acquiring an additional 322,975 shares during the period. O Keefe Stevens Advisory Inc. purchased a new stake in shares of Warrior Met Coal in the 2nd quarter valued at approximately $2,210,000. Voloridge Investment Management LLC raised its stake in shares of Warrior Met Coal by 50.0% in the 2nd quarter. Voloridge Investment Management LLC now owns 46,654 shares of the company’s stock valued at $1,219,000 after acquiring an additional 15,545 shares during the period. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of Warrior Met Coal in the 2nd quarter valued at approximately $503,000.
In related news, CFO Dale W. Boyles bought 1,200 shares of the stock in a transaction dated Thursday, August 15th. The stock was acquired at an average price of $22.22 per share, for a total transaction of $26,664.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.59% of the company’s stock.
HCC has been the subject of a number of research reports. B. Riley set a $30.00 price objective on shares of Warrior Met Coal and gave the company a “hold” rating in a report on Thursday, August 22nd. Deutsche Bank set a $34.00 price objective on shares of Warrior Met Coal and gave the company a “buy” rating in a report on Thursday, July 11th. Clarkson Capital restated a “buy” rating on shares of Warrior Met Coal in a report on Monday, September 23rd. Jefferies Financial Group cut shares of Warrior Met Coal from a “buy” rating to a “hold” rating and dropped their price objective for the company from $38.00 to $22.00 in a report on Tuesday, August 6th. Finally, Zacks Investment Research cut shares of Warrior Met Coal from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $31.88.
NYSE HCC traded down $0.01 on Tuesday, hitting $21.76. 37,634 shares of the stock were exchanged, compared to its average volume of 1,571,695. The company has a quick ratio of 2.73, a current ratio of 3.31 and a debt-to-equity ratio of 0.52. Warrior Met Coal Inc has a fifty-two week low of $18.75 and a fifty-two week high of $33.49. The company has a market cap of $1.10 billion, a PE ratio of 2.51 and a beta of 0.56. The company has a 50-day moving average price of $20.61 and a 200-day moving average price of $25.11.
Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, July 31st. The company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.47. Warrior Met Coal had a net margin of 47.01% and a return on equity of 62.99%. The business had revenue of $397.61 million during the quarter, compared to analysts’ expectations of $311.62 million. During the same quarter in the prior year, the business posted $1.81 EPS. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. As a group, equities research analysts predict that Warrior Met Coal Inc will post 5.89 EPS for the current fiscal year.
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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