Warrior Met Coal $HCC Shares Purchased by New York State Teachers Retirement System

New York State Teachers Retirement System raised its stake in Warrior Met Coal (NYSE:HCC) by 45.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 29,676 shares of the company’s stock after purchasing an additional 9,300 shares during the period. New York State Teachers Retirement System owned 0.06% of Warrior Met Coal worth $2,617,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Adage Capital Partners GP L.L.C. increased its holdings in Warrior Met Coal by 130.4% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock valued at $86,574,000 after buying an additional 1,069,025 shares during the last quarter. UBS Group AG increased its holdings in shares of Warrior Met Coal by 219.2% in the 3rd quarter. UBS Group AG now owns 1,554,071 shares of the company’s stock valued at $98,901,000 after acquiring an additional 1,067,247 shares during the last quarter. State Street Corp increased its holdings in shares of Warrior Met Coal by 25.2% in the 2nd quarter. State Street Corp now owns 4,099,070 shares of the company’s stock valued at $187,860,000 after acquiring an additional 825,807 shares during the last quarter. Maple Rock Capital Partners Inc. raised its position in shares of Warrior Met Coal by 31.4% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 1,461,738 shares of the company’s stock valued at $93,025,000 after acquiring an additional 349,400 shares in the last quarter. Finally, Capital International Investors lifted its stake in Warrior Met Coal by 27.1% during the third quarter. Capital International Investors now owns 852,403 shares of the company’s stock worth $54,247,000 after purchasing an additional 181,975 shares during the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on HCC. Zacks Research cut Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. Weiss Ratings upgraded shares of Warrior Met Coal from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Monday. B. Riley Financial reiterated a “buy” rating on shares of Warrior Met Coal in a report on Friday, February 13th. Finally, UBS Group cut their target price on shares of Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Warrior Met Coal presently has an average rating of “Hold” and a consensus target price of $102.80.

Warrior Met Coal Stock Performance

Shares of NYSE HCC opened at $85.89 on Friday. The company has a quick ratio of 2.42, a current ratio of 3.48 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $4.54 billion, a price-to-earnings ratio of 32.78 and a beta of 0.61. The stock’s fifty day simple moving average is $88.04 and its 200 day simple moving average is $85.40. Warrior Met Coal has a 52-week low of $40.80 and a 52-week high of $105.35.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Thursday, April 30th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.04). Warrior Met Coal had a net margin of 9.36% and a return on equity of 6.44%. The company had revenue of $458.59 million for the quarter, compared to analysts’ expectations of $467.57 million. During the same period in the prior year, the company earned ($0.16) earnings per share. The company’s revenue for the quarter was up 52.9% on a year-over-year basis. As a group, sell-side analysts forecast that Warrior Met Coal will post 6.78 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 7th. Shareholders of record on Friday, May 1st were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Warrior Met Coal’s dividend payout ratio is currently 12.21%.

About Warrior Met Coal

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.