Nisa Investment Advisors LLC Grows Position in Warrior Met Coal, Inc. (NYSE:HCC)

Nisa Investment Advisors LLC lifted its holdings in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 14.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,071 shares of the company’s stock after purchasing an additional 755 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Warrior Met Coal were worth $388,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wulff Hansen & CO. lifted its position in Warrior Met Coal by 6,177.0% during the second quarter. Wulff Hansen & CO. now owns 331,551 shares of the company’s stock valued at $20,811,000 after purchasing an additional 326,269 shares during the last quarter. Hosking Partners LLP lifted its holdings in shares of Warrior Met Coal by 68.9% during the 2nd quarter. Hosking Partners LLP now owns 482,147 shares of the company’s stock worth $30,264,000 after acquiring an additional 196,601 shares during the last quarter. Clearbridge Investments LLC purchased a new position in Warrior Met Coal in the first quarter worth $9,234,000. Merewether Investment Management LP purchased a new position in Warrior Met Coal in the second quarter worth $9,190,000. Finally, Jupiter Asset Management Ltd. bought a new position in Warrior Met Coal in the first quarter valued at $7,021,000. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Analyst Ratings Changes

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

Warrior Met Coal Stock Performance

NYSE HCC opened at $68.04 on Wednesday. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 9.40 and a beta of 1.02. The company has a 50-day simple moving average of $59.81 and a two-hundred day simple moving average of $63.61. The company has a quick ratio of 4.67, a current ratio of 5.81 and a debt-to-equity ratio of 0.09. Warrior Met Coal, Inc. has a 12-month low of $44.76 and a 12-month high of $75.53.

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

Warrior Met Coal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Tuesday, November 5th. Warrior Met Coal’s payout ratio is 4.42%.

Warrior Met Coal Company 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.