United Services Automobile Association lowered its holdings in Warrior Met Coal Inc (NYSE:HCC) by 48.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,513 shares of the company’s stock after selling 28,295 shares during the quarter. United Services Automobile Association owned 0.06% of Warrior Met Coal worth $771,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Nuveen Asset Management LLC bought a new stake in shares of Warrior Met Coal in the 2nd quarter worth approximately $27,444,000. Marshall Wace LLP lifted its position in shares of Warrior Met Coal by 831.0% in the 2nd quarter. Marshall Wace LLP now owns 937,770 shares of the company’s stock worth $24,495,000 after acquiring an additional 837,047 shares during the period. Citadel Advisors LLC lifted its position in shares of Warrior Met Coal by 59.4% in the 2nd quarter. Citadel Advisors LLC now owns 1,477,894 shares of the company’s stock worth $38,602,000 after acquiring an additional 550,523 shares during the period. BlackRock Inc. lifted its position in shares of Warrior Met Coal by 18.8% in the 2nd quarter. BlackRock Inc. now owns 3,450,941 shares of the company’s stock worth $90,139,000 after acquiring an additional 547,190 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Warrior Met Coal by 332.9% in the 2nd quarter. Renaissance Technologies LLC now owns 691,300 shares of the company’s stock worth $18,057,000 after acquiring an additional 531,600 shares during the period.
Warrior Met Coal stock opened at $21.70 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.31 and a quick ratio of 2.73. The company has a market capitalization of $1.04 billion, a PE ratio of 2.50 and a beta of 0.56. Warrior Met Coal Inc has a one year low of $18.75 and a one year high of $33.49. The business has a 50 day simple moving average of $20.55 and a 200 day simple moving average of $25.21.
Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, July 31st. The company reported $2.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.47. The business had revenue of $397.61 million during the quarter, compared to the consensus estimate of $311.62 million. Warrior Met Coal had a return on equity of 62.99% and a net margin of 47.01%. Warrior Met Coal’s revenue was up 23.3% on a year-over-year basis. During the same quarter last year, the company earned $1.81 EPS. Equities analysts anticipate that Warrior Met Coal Inc will post 5.89 earnings per share for the current fiscal year.
A number of brokerages have commented on HCC. B. Riley set a $30.00 price objective on Warrior Met Coal and gave the stock a “hold” rating in a research report on Thursday, August 22nd. Jefferies Financial Group downgraded Warrior Met Coal from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $38.00 to $22.00 in a research report on Tuesday, August 6th. Zacks Investment Research downgraded Warrior Met Coal from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. ValuEngine upgraded Warrior Met Coal from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Deutsche Bank set a $34.00 price objective on Warrior Met Coal and gave the stock a “buy” rating in a research report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Warrior Met Coal has a consensus rating of “Hold” and a consensus target price of $31.88.
In related news, CFO Dale W. Boyles bought 1,200 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average price of $22.22 per share, for a total transaction of $26,664.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 0.59% of the stock is owned by company insiders.
About Warrior Met Coal
Warrior Met Coal, Inc produces and exports 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.
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