26,000 Shares in Warrior Met Coal, Inc. (NYSE:HCC) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in Warrior Met Coal, Inc. (NYSE:HCC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 26,000 shares of the company’s stock, valued at approximately $1,585,000.

A number of other hedge funds also recently made changes to their positions in the company. Exchange Traded Concepts LLC lifted its position in shares of Warrior Met Coal by 1.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 19,636 shares of the company’s stock worth $1,197,000 after buying an additional 279 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Warrior Met Coal by 8.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,275 shares of the company’s stock worth $167,000 after buying an additional 329 shares in the last quarter. Sei Investments Co. lifted its position in shares of Warrior Met Coal by 1.6% in the third quarter. Sei Investments Co. now owns 26,936 shares of the company’s stock worth $1,376,000 after buying an additional 421 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Warrior Met Coal by 0.9% in the third quarter. The Manufacturers Life Insurance Company now owns 48,237 shares of the company’s stock worth $2,464,000 after buying an additional 423 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in Warrior Met Coal by 117.7% during the third quarter. Lazard Asset Management LLC now owns 899 shares of the company’s stock valued at $45,000 after purchasing an additional 486 shares during the period. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Warrior Met Coal news, Director Alan H. Schumacher bought 2,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were purchased at an average price of $58.15 per share, with a total value of $116,300.00. Following the completion of the purchase, the director now owns 30,270 shares in the company, valued at approximately $1,760,200.50. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HCC. B. Riley decreased their price objective on Warrior Met Coal from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Monday, April 15th. UBS Group began coverage on Warrior Met Coal in a research report on Tuesday, January 16th. They set a “neutral” rating and a $68.00 price objective on the stock. Finally, Citigroup upgraded Warrior Met Coal from a “neutral” rating to a “buy” rating and upped their price objective for the company from $60.00 to $75.00 in a research report on Thursday, April 11th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.60.

Warrior Met Coal Trading Up 1.3 %

HCC opened at $66.98 on Friday. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 7.28 and a beta of 1.09. The stock’s 50 day moving average price is $59.01 and its 200-day moving average price is $57.33. Warrior Met Coal, Inc. has a one year low of $31.97 and a one year high of $69.97. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.99 and a current ratio of 7.24.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, February 14th. The company reported $2.49 EPS for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.67). The business had revenue of $363.80 million for the quarter, compared to the consensus estimate of $393.04 million. Warrior Met Coal had a net margin of 28.55% and a return on equity of 28.99%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.90 EPS. On average, equities analysts forecast that Warrior Met Coal, Inc. will post 6.83 EPS for the current year.

Warrior Met Coal Announces Dividend

The firm also recently announced a None dividend, which was paid on Thursday, March 7th. Stockholders of record on Friday, March 1st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, February 29th. Warrior Met Coal’s dividend payout ratio is 3.48%.

Warrior Met Coal 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.