EMC Capital Management Decreases Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

EMC Capital Management reduced its position in Warrior Met Coal, Inc. (NYSE:HCC) by 37.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,129 shares of the company’s stock after selling 4,329 shares during the period. EMC Capital Management’s holdings in Warrior Met Coal were worth $387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Victory Capital Management Inc. grew its stake in shares of Warrior Met Coal by 26.6% during the 3rd quarter. Victory Capital Management Inc. now owns 52,280 shares of the company’s stock valued at $3,341,000 after purchasing an additional 10,972 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Warrior Met Coal by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,208,405 shares of the company’s stock worth $77,232,000 after buying an additional 13,650 shares during the last quarter. JPMorgan Chase & Co. grew its position in Warrior Met Coal by 14.2% during the third quarter. JPMorgan Chase & Co. now owns 671,427 shares of the company’s stock valued at $42,904,000 after buying an additional 83,331 shares during the period. Citigroup Inc. increased its holdings in Warrior Met Coal by 61.4% during the third quarter. Citigroup Inc. now owns 87,441 shares of the company’s stock valued at $5,587,000 after buying an additional 33,272 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Warrior Met Coal by 3.8% in the third quarter. Principal Financial Group Inc. now owns 298,308 shares of the company’s stock worth $19,062,000 after acquiring an additional 10,787 shares during the period. Institutional investors own 92.28% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on HCC shares. B. Riley boosted their price target on Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Jefferies Financial Group lowered their price objective on 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Warrior Met Coal presently has a consensus rating of “Moderate Buy” and an average price target of $75.00.

Warrior Met Coal Stock Performance

NYSE HCC opened at $53.74 on Thursday. The business’s 50 day moving average price is $58.99 and its 200-day moving average price is $61.20. Warrior Met Coal, Inc. has a fifty-two week low of $49.97 and a fifty-two week high of $75.53. The company has a market cap of $2.81 billion, a P/E ratio of 7.47 and a beta of 1.09. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.67 and a current ratio of 5.81.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $322.21 million. During the same quarter in the previous year, the business earned $1.85 earnings per share. The company’s revenue for the quarter was down 22.6% compared to the same quarter last year. Sell-side analysts predict that Warrior Met Coal, Inc. will post 5.62 earnings per share for the current year.

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.