Exchange Traded Concepts LLC Acquires 827 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Exchange Traded Concepts LLC lifted its holdings in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,914 shares of the company’s stock after buying an additional 827 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Warrior Met Coal were worth $1,894,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of HCC. Blue Trust Inc. grew its holdings in Warrior Met Coal by 48.5% during the 3rd quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $35,000 after acquiring an additional 180 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Warrior Met Coal during the fourth quarter worth $43,000. GAMMA Investing LLC increased its holdings in Warrior Met Coal by 56.7% in the fourth quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock valued at $54,000 after purchasing an additional 358 shares during the last quarter. KBC Group NV boosted its holdings in Warrior Met Coal by 29.7% during the third quarter. KBC Group NV now owns 1,711 shares of the company’s stock worth $109,000 after buying an additional 392 shares during the last quarter. Finally, Mackenzie Financial Corp acquired a new position in shares of Warrior Met Coal during the 2nd quarter worth about $203,000. 92.28% of the stock is owned by institutional investors.

Warrior Met Coal Price Performance

Shares of HCC opened at $54.75 on Monday. 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 firm has a market capitalization of $2.86 billion, a PE ratio of 7.56 and a beta of 1.09. The stock has a 50 day simple moving average of $59.91 and a 200 day simple moving average of $61.49. Warrior Met Coal, Inc. has a 52-week low of $49.97 and a 52-week high of $75.53.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings data 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. The company had revenue of $327.72 million during the quarter, compared to the consensus estimate of $322.21 million. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. The firm’s revenue was down 22.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.85 earnings per share. Sell-side analysts predict that Warrior Met Coal, Inc. will post 5.62 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. B. Riley increased their price target on shares of Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group reduced their price target on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Warrior Met Coal currently has an average rating of “Moderate Buy” and a consensus target price of $75.00.

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.