Warrior Met Coal, Inc. (NYSE:HCC) Stake Raised by Maple Rock Capital Partners Inc.

Maple Rock Capital Partners Inc. lifted its position in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 193.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,460,992 shares of the company’s stock after acquiring an additional 963,892 shares during the quarter. Warrior Met Coal accounts for approximately 2.6% of Maple Rock Capital Partners Inc.’s investment portfolio, making the stock its 6th biggest holding. Maple Rock Capital Partners Inc. owned approximately 2.79% of Warrior Met Coal worth $93,357,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HCC. FMR LLC grew its position in Warrior Met Coal by 8.6% in the third quarter. FMR LLC now owns 3,210,531 shares of the company’s stock worth $205,153,000 after acquiring an additional 254,540 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Warrior Met Coal by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,863,024 shares of the company’s stock worth $116,937,000 after purchasing an additional 45,950 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Warrior Met Coal by 4.3% during the second quarter. Renaissance Technologies LLC now owns 1,501,379 shares of the company’s stock worth $94,242,000 after purchasing an additional 62,200 shares during the last quarter. American Century Companies Inc. raised its stake in Warrior Met Coal by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 1,440,965 shares of the company’s stock worth $90,449,000 after acquiring an additional 82,622 shares in the last quarter. Finally, River Road Asset Management LLC increased its position in Warrior Met Coal by 22.9% during the third quarter. River Road Asset Management LLC now owns 870,357 shares of the company’s stock worth $55,616,000 after buying an additional 162,387 shares during the period. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Stock Performance

NYSE:HCC opened at $69.81 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.81 and a quick ratio of 4.67. The firm has a market cap of $3.65 billion, a PE ratio of 9.64 and a beta of 1.03. Warrior Met Coal, Inc. has a 1-year low of $50.60 and a 1-year high of $75.53. The firm has a 50 day simple moving average of $65.46 and a 200-day simple moving average of $64.12.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.40. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. The business had revenue of $327.72 million for the quarter, compared to analyst estimates of $322.21 million. During the same quarter in the prior year, the business posted $1.85 EPS. The company’s revenue for the quarter was down 22.6% on a year-over-year basis. On average, equities analysts expect that Warrior Met Coal, Inc. will post 5.62 EPS for the current year.

Warrior Met Coal Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, B. Riley boosted their price target on shares of Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Warrior Met Coal has an average rating of “Hold” and an average price target of $75.75.

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.