Capital World Investors bought a new stake in shares of Warrior Met Coal Inc. (NYSE:HCC) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,646,837 shares of the company’s stock, valued at approximately $25,953,000. Capital World Investors owned 3.08% of Warrior Met Coal at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. First Mercantile Trust Co. bought a new stake in shares of Warrior Met Coal in the second quarter valued at about $131,000. Tudor Investment Corp ET AL bought a new stake in shares of Warrior Met Coal in the second quarter valued at about $223,000. Goldman Sachs Group Inc. bought a new stake in shares of Warrior Met Coal in the second quarter valued at about $289,000. New York State Common Retirement Fund bought a new position in Warrior Met Coal in the second quarter worth about $310,000. Finally, Rhumbline Advisers bought a new position in Warrior Met Coal in the second quarter worth about $343,000. 97.25% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have commented on the stock. Seaport Global Securities downgraded shares of Warrior Met Coal from a “buy” rating to a “neutral” rating in a report on Wednesday. Royal Bank Of Canada set a $27.00 target price on shares of Warrior Met Coal and gave the stock a “buy” rating in a report on Tuesday, October 10th. Citigroup Inc. boosted their price target on Warrior Met Coal from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 26th. FBR & Co set a $26.00 price target on Warrior Met Coal and gave the stock a “hold” rating in a research note on Wednesday, October 11th. Finally, Zacks Investment Research upgraded Warrior Met Coal from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $25.45.
Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $2.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.59. The firm had revenue of $363.37 million for the quarter, compared to analysts’ expectations of $321.75 million.
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About Warrior Met Coal
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
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