Exchange Traded Concepts LLC increased its position in shares of Warrior Met Coal, Inc. (NYSE:HCC – Get Rating) by 19.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,066 shares of the company's stock after acquiring an additional 2,411 shares during the period. Exchange Traded Concepts LLC's holdings in Warrior Met Coal were worth $428,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of HCC. Maryland State Retirement & Pension System increased its stake in Warrior Met Coal by 2.0% in the 2nd quarter. Maryland State Retirement & Pension System now owns 21,026 shares of the company's stock worth $644,000 after purchasing an additional 410 shares in the last quarter. Teacher Retirement System of Texas increased its stake in Warrior Met Coal by 4.5% in the 1st quarter. Teacher Retirement System of Texas now owns 10,526 shares of the company's stock worth $391,000 after purchasing an additional 454 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Warrior Met Coal by 13.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,700 shares of the company's stock worth $205,000 after purchasing an additional 800 shares in the last quarter. Texas Permanent School Fund increased its stake in Warrior Met Coal by 2.4% in the 2nd quarter. Texas Permanent School Fund now owns 37,334 shares of the company's stock worth $1,143,000 after purchasing an additional 886 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in Warrior Met Coal by 2.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 47,874 shares of the company's stock worth $1,827,000 after purchasing an additional 1,075 shares in the last quarter. 95.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. B. Riley raised Warrior Met Coal from a "neutral" rating to a "buy" rating and lifted their target price for the company from $48.00 to $50.00 in a research note on Friday, September 23rd. BMO Capital Markets lifted their target price on Warrior Met Coal from $30.00 to $39.00 and gave the company a "market perform" rating in a research note on Thursday, November 3rd. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Warrior Met Coal has a consensus rating of "Moderate Buy" and a consensus target price of $46.33.

Warrior Met Coal Trading Up 3.3 %

Warrior Met Coal (NYSE:HCC – Get Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.49. The business had revenue of $390.18 million during the quarter, compared to analyst estimates of $354.95 million. Warrior Met Coal had a return on equity of 64.38% and a net margin of 37.59%. As a group, equities research analysts forecast that Warrior Met Coal, Inc. will post 12.73 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 11th. Stockholders of record on Friday, November 4th were issued a dividend of $0.06 per share. The ex-dividend date was Thursday, November 3rd. This represents a $0.24 annualized dividend and a dividend yield of 0.67%. Warrior Met Coal's dividend payout ratio is 1.83%.

Warrior Met Coal Profile

(Get Rating)

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.

Featured Articles

• Get a free copy of the StockNews.com research report on Warrior Met Coal (HCC)
• Will AMC's Troubles Affect Its Landlord, EPR Properties?
• Is There a Prize in Store for Kellogg Shareholders?
• General Mills Retreats To More Attractive Territory
• Will Tesla Shares Rally If Musk Steps Down From Twitter?
• Can Chewy Fetch Double Digit Gains in 2023?

Receive News & Ratings for Warrior Met Coal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Warrior Met Coal and related companies with MarketBeat.com's FREE daily email newsletter.