Kennondale Capital Management LLC Makes New $1.51 Million Investment in Warrior Met Coal, Inc. (NYSE:HCC)

Kennondale Capital Management LLC acquired a new position in shares of Warrior Met Coal, Inc. (NYSE:HCC) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 27,747 shares of the company’s stock, valued at approximately $1,505,000. Warrior Met Coal accounts for about 1.2% of Kennondale Capital Management LLC’s holdings, making the stock its 21st biggest holding. Kennondale Capital Management LLC owned 0.05% of Warrior Met Coal as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of HCC. Maple Rock Capital Partners Inc. boosted its stake in 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. Merewether Investment Management LP boosted its stake in shares of Warrior Met Coal by 441.9% during the third quarter. Merewether Investment Management LP now owns 793,300 shares of the company’s stock valued at $50,692,000 after purchasing an additional 646,900 shares during the period. FMR LLC boosted 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 valued at $205,153,000 after purchasing an additional 254,540 shares during the period. Forest Avenue Capital Management LP boosted its stake in shares of Warrior Met Coal by 95.0% during the third quarter. Forest Avenue Capital Management LP now owns 411,547 shares of the company’s stock valued at $26,298,000 after purchasing an additional 200,533 shares during the period. Finally, State Street Corp boosted its stake in shares of Warrior Met Coal by 4.9% during the third quarter. State Street Corp now owns 3,404,237 shares of the company’s stock valued at $217,531,000 after purchasing an additional 158,722 shares during the period. 92.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HCC shares. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research note on Friday, February 14th. B. Riley lowered their target price on shares of Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group lowered their target price on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $74.00.

Warrior Met Coal Stock Down 1.6 %

NYSE:HCC opened at $48.42 on Tuesday. Warrior Met Coal, Inc. has a 1-year low of $44.62 and a 1-year high of $75.53. The company has a 50-day moving average of $51.51 and a 200 day moving average of $58.09. The firm has a market cap of $2.54 billion, a PE ratio of 10.11 and a beta of 1.10. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.20 and a quick ratio of 3.99.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.34). Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. The business had revenue of $297.47 million during the quarter, compared to analysts’ expectations of $331.70 million. As a group, research analysts anticipate that Warrior Met Coal, Inc. will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently announced 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 of this dividend was Monday, February 24th. This represents a $0.32 dividend on an annualized basis and a yield of 0.66%. Warrior Met Coal’s dividend payout ratio is presently 6.68%.

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.