Financial Strategies Group Inc. Buys 3,501 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Financial Strategies Group Inc. raised its position in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 44.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 11,306 shares of the company’s stock after purchasing an additional 3,501 shares during the quarter. Financial Strategies Group Inc.’s holdings in Warrior Met Coal were worth $732,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in HCC. GAMMA Investing LLC raised its position in shares of Warrior Met Coal by 38.6% in the 2nd quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock worth $32,000 after acquiring an additional 144 shares in the last quarter. Blue Trust Inc. increased its holdings in Warrior Met Coal by 48.5% in the third quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $35,000 after purchasing an additional 180 shares in the last quarter. EntryPoint Capital LLC acquired a new position in Warrior Met Coal in the first quarter valued at approximately $54,000. Ausbil Investment Management Ltd bought a new position in shares of Warrior Met Coal during the 2nd quarter worth approximately $82,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Warrior Met Coal during the 1st quarter worth approximately $104,000. Institutional investors own 92.28% of the company’s stock.

Wall Street Analyst Weigh In

HCC has been the topic of a number of research reports. B. Riley boosted their target price 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. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a report on Monday, August 5th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $75.75.

Warrior Met Coal Stock Performance

NYSE HCC opened at $74.78 on Friday. The company has a current ratio of 5.81, a quick ratio of 4.67 and a debt-to-equity ratio of 0.09. The company has a fifty day simple moving average of $60.50 and a 200 day simple moving average of $63.77. Warrior Met Coal, Inc. has a 12-month low of $45.49 and a 12-month high of $75.53. The company has a market cap of $3.91 billion, a P/E ratio of 10.33 and a beta of 1.02.

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, 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 firm had revenue of $327.72 million during the quarter, compared to analysts’ expectations of $322.21 million. During the same period last year, the company earned $1.85 earnings per share. The business’s revenue was down 22.6% on a year-over-year basis. Sell-side analysts predict that Warrior Met Coal, Inc. will post 5.62 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Tuesday, November 5th. Warrior Met Coal’s dividend payout ratio is currently 4.42%.

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.