Mackay Shields LLC Grows Stock Position in Warrior Met Coal Inc (NYSE:HCC)

Mackay Shields LLC raised its holdings in Warrior Met Coal Inc (NYSE:HCC) by 11.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 172,460 shares of the company’s stock after buying an additional 18,400 shares during the quarter. Mackay Shields LLC’s holdings in Warrior Met Coal were worth $3,367,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in shares of Warrior Met Coal by 18.8% in the second quarter. BlackRock Inc. now owns 3,450,941 shares of the company’s stock valued at $90,139,000 after purchasing an additional 547,190 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Warrior Met Coal by 8.6% in the second quarter. Acadian Asset Management LLC now owns 1,893,290 shares of the company’s stock valued at $49,454,000 after purchasing an additional 150,325 shares during the period. Citadel Advisors LLC increased its holdings in shares of Warrior Met Coal by 59.4% in the second quarter. Citadel Advisors LLC now owns 1,477,894 shares of the company’s stock valued at $38,602,000 after purchasing an additional 550,523 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Warrior Met Coal by 30.0% in the second quarter. JPMorgan Chase & Co. now owns 1,398,931 shares of the company’s stock valued at $36,023,000 after purchasing an additional 322,975 shares during the period. Finally, Lansdowne Partners UK LLP increased its holdings in shares of Warrior Met Coal by 9.7% in the second quarter. Lansdowne Partners UK LLP now owns 1,201,336 shares of the company’s stock valued at $31,379,000 after purchasing an additional 106,216 shares during the period.

Warrior Met Coal stock traded down $0.03 during midday trading on Tuesday, hitting $18.38. 532,303 shares of the company were exchanged, compared to its average volume of 960,158. The firm has a market capitalization of $940.20 million, a PE ratio of 2.12 and a beta of 0.55. Warrior Met Coal Inc has a fifty-two week low of $18.38 and a fifty-two week high of $33.49. The business has a fifty day simple moving average of $20.66 and a two-hundred day simple moving average of $23.84. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.54 and a current ratio of 3.08.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.03). The company had revenue of $287.51 million for the quarter, compared to analyst estimates of $254.37 million. Warrior Met Coal had a return on equity of 52.94% and a net margin of 46.01%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the business earned $1.06 earnings per share. As a group, equities analysts expect that Warrior Met Coal Inc will post 5.68 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Monday, October 28th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.09%. The ex-dividend date was Friday, October 25th. Warrior Met Coal’s payout ratio is currently 2.31%.

In other Warrior Met Coal news, CFO Dale W. Boyles acquired 1,200 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were bought at an average cost of $22.22 per share, with a total value of $26,664.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.59% of the stock is currently owned by company insiders.

Several analysts recently commented on HCC shares. Clarkson Capital reaffirmed a “buy” rating on shares of Warrior Met Coal in a report on Monday, September 23rd. Zacks Investment Research lowered Warrior Met Coal from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 5th. ValuEngine raised Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Jefferies Financial Group lowered Warrior Met Coal from a “buy” rating to a “hold” rating and dropped their target price for the stock from $38.00 to $22.00 in a report on Tuesday, August 6th. Finally, B. Riley set a $30.00 target price on Warrior Met Coal and gave the stock a “hold” rating in a report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $31.88.

Warrior Met Coal Profile

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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Institutional Ownership by Quarter for Warrior Met Coal (NYSE:HCC)

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