Kennondale Capital Management LLC Makes New Investment in Warrior Met Coal, Inc. (NYSE:HCC)

Kennondale Capital Management LLC bought a new position in Warrior Met Coal, Inc. (NYSE:HCC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 27,747 shares of the company’s stock, valued at approximately $1,505,000. Warrior Met Coal makes up approximately 1.2% of Kennondale Capital Management LLC’s investment portfolio, making the stock its 21st biggest position.

Other large investors have also added to or reduced their stakes in the company. River Road Asset Management LLC raised its holdings in Warrior Met Coal by 2.1% in the fourth quarter. River Road Asset Management LLC now owns 888,388 shares of the company’s stock worth $48,186,000 after purchasing an additional 18,031 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Warrior Met Coal by 26.6% during the third quarter. Victory Capital Management Inc. now owns 52,280 shares of the company’s stock valued at $3,341,000 after acquiring an additional 10,972 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Warrior Met Coal by 1.1% during the third quarter. Geode Capital Management LLC now owns 1,208,405 shares of the company’s stock valued at $77,232,000 after acquiring an additional 13,650 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Warrior Met Coal by 14.2% during the third quarter. JPMorgan Chase & Co. now owns 671,427 shares of the company’s stock valued at $42,904,000 after acquiring an additional 83,331 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in shares of Warrior Met Coal by 61.4% during the third quarter. Citigroup Inc. now owns 87,441 shares of the company’s stock valued at $5,587,000 after acquiring an additional 33,272 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors.

Warrior Met Coal Price Performance

Shares of NYSE:HCC opened at $48.42 on Tuesday. Warrior Met Coal, Inc. has a twelve month low of $44.62 and a twelve month high of $75.53. The company’s 50 day moving average is $51.51 and its 200 day moving average is $58.09. The company has a current ratio of 5.20, a quick ratio of 3.99 and a debt-to-equity ratio of 0.09. The company has a market cap of $2.54 billion, a PE ratio of 10.11 and a beta of 1.10.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.15 earnings per share 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 business had revenue of $297.47 million during the quarter, compared to analyst estimates of $331.70 million. On average, sell-side analysts forecast that Warrior Met Coal, Inc. will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 24th were given a $0.08 dividend. The ex-dividend date was Monday, February 24th. This represents a $0.32 annualized dividend and a yield of 0.66%. Warrior Met Coal’s dividend payout ratio is presently 6.68%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a report on Friday, February 14th. Jefferies Financial Group cut their price objective on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, B. Riley cut their price target on shares of Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Warrior Met Coal currently has an average rating of “Moderate Buy” and a consensus price target of $74.00.

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.