Summit Investment Advisors Inc. Acquires 260 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Summit Investment Advisors Inc. lifted its holdings in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,424 shares of the company’s stock after purchasing an additional 260 shares during the period. Summit Investment Advisors Inc.’s holdings in Warrior Met Coal were worth $294,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Dalal Street LLC boosted its holdings in shares of Warrior Met Coal by 144.1% during the 4th quarter. Dalal Street LLC now owns 1,704,670 shares of the company’s stock worth $92,461,000 after buying an additional 1,006,263 shares in the last quarter. Hartree Partners LP bought a new position in Warrior Met Coal during the fourth quarter worth $8,760,000. Mercuria Capital Strategies LLC bought a new position in Warrior Met Coal during the fourth quarter worth $8,354,000. Allianz Asset Management GmbH grew its holdings in Warrior Met Coal by 10.1% in the fourth quarter. Allianz Asset Management GmbH now owns 1,378,645 shares of the company’s stock worth $74,778,000 after purchasing an additional 126,911 shares during the period. Finally, American Century Companies Inc. increased its stake in Warrior Met Coal by 7.1% in the fourth quarter. American Century Companies Inc. now owns 1,748,274 shares of the company’s stock valued at $94,826,000 after purchasing an additional 115,675 shares in the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

Wall Street Analysts Forecast Growth

HCC has been the subject of several research reports. Jefferies Financial Group reduced their target price on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, January 6th. B. Riley reduced their price objective on Warrior Met Coal from $86.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Finally, Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a research report on Friday, February 14th.

Warrior Met Coal Trading Up 4.4 %

HCC opened at $49.37 on Monday. Warrior Met Coal, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $75.53. The firm has a market capitalization of $2.59 billion, a PE ratio of 10.31 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.20 and a quick ratio of 3.99. The company’s 50-day moving average is $47.86 and its 200 day moving average is $56.16.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.34). Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. The company had revenue of $297.47 million during the quarter, compared to analysts’ expectations of $331.70 million. As a group, research analysts predict that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 24th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.65%. The ex-dividend date was Monday, February 24th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 6.68%.

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.