Bridgewater Associates LP Acquires 112,412 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Bridgewater Associates LP increased its holdings in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 648.7% during the third quarter, Holdings Channel.com reports. The fund owned 129,741 shares of the company’s stock after purchasing an additional 112,412 shares during the quarter. Bridgewater Associates LP’s holdings in Warrior Met Coal were worth $8,290,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. grew its position in shares of Warrior Met Coal by 26.6% during the 3rd quarter. Victory Capital Management Inc. now owns 52,280 shares of the company’s stock worth $3,341,000 after purchasing an additional 10,972 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Warrior Met Coal by 4.3% in the third quarter. Empowered Funds LLC now owns 215,667 shares of the company’s stock valued at $13,781,000 after buying an additional 8,802 shares during the period. Old West Investment Management LLC boosted its stake in shares of Warrior Met Coal by 100.0% in the third quarter. Old West Investment Management LLC now owns 76,000 shares of the company’s stock valued at $4,856,000 after buying an additional 38,000 shares during the period. Forest Avenue Capital Management LP grew its position in Warrior Met Coal by 91.3% during the second quarter. Forest Avenue Capital Management LP now owns 211,014 shares of the company’s stock worth $13,245,000 after buying an additional 100,714 shares in the last quarter. Finally, Intech Investment Management LLC increased its stake in Warrior Met Coal by 126.1% during the 3rd quarter. Intech Investment Management LLC now owns 19,652 shares of the company’s stock worth $1,256,000 after acquiring an additional 10,959 shares during the period. 92.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. B. Riley upped their target price on Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a research report on Monday, August 5th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $75.75.

Warrior Met Coal Trading Up 2.1 %

Shares of HCC stock opened at $70.30 on Friday. Warrior Met Coal, Inc. has a fifty-two week low of $50.60 and a fifty-two week high of $75.53. The stock’s fifty day moving average price is $64.57 and its two-hundred day moving average price is $63.98. 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 company has a market cap of $3.68 billion, a PE ratio of 9.71 and a beta of 1.02.

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

Warrior Met Coal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend was Tuesday, November 5th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 4.42%.

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.