Affinity Investment Advisors LLC bought a new position in Warrior Met Coal Inc (NYSE:HCC) during the first quarter, HoldingsChannel reports. The fund bought 12,325 shares of the company’s stock, valued at approximately $375,000.

Several other large investors have also added to or reduced their stakes in HCC. New York State Teachers Retirement System purchased a new stake in shares of Warrior Met Coal in the 1st quarter worth about $116,000. Legal & General Group Plc grew its position in shares of Warrior Met Coal by 19.9% in the 3rd quarter. Legal & General Group Plc now owns 7,099 shares of the company’s stock worth $192,000 after buying an additional 1,176 shares during the period. Sciencast Management LP purchased a new stake in shares of Warrior Met Coal in the 1st quarter worth about $227,000. Victory Capital Management Inc. grew its position in shares of Warrior Met Coal by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 9,916 shares of the company’s stock worth $239,000 after buying an additional 386 shares during the period. Finally, First Hawaiian Bank purchased a new stake in shares of Warrior Met Coal in the 1st quarter worth about $252,000.

Shares of HCC stock opened at $27.72 on Friday. Warrior Met Coal Inc has a one year low of $20.88 and a one year high of $33.49. The stock has a market cap of $1.43 billion, a P/E ratio of 3.20 and a beta of 0.51. The company has a current ratio of 3.84, a quick ratio of 3.26 and a debt-to-equity ratio of 0.41.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $2.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.55. Warrior Met Coal had a net margin of 47.10% and a return on equity of 71.47%. The company had revenue of $378.30 million for the quarter, compared to the consensus estimate of $326.30 million. During the same period in the prior year, the firm posted $3.36 EPS. Warrior Met Coal’s revenue for the quarter was down 10.3% on a year-over-year basis. On average, analysts forecast that Warrior Met Coal Inc will post 6.35 EPS for the current year.

The business also recently declared a special dividend, which was paid on Tuesday, May 14th. Stockholders of record on Monday, May 6th were issued a dividend of $4.41 per share. This represents a dividend yield of 0.62%. The ex-dividend date of this dividend was Friday, May 3rd. Warrior Met Coal’s payout ratio is presently 2.31%.

A number of research firms have recently weighed in on HCC. Zacks Investment Research downgraded shares of Warrior Met Coal from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. Deutsche Bank started coverage on shares of Warrior Met Coal in a research report on Sunday, March 31st. They set a “buy” rating and a $35.00 price objective on the stock. BMO Capital Markets set a $40.00 price objective on shares of Warrior Met Coal and gave the company a “buy” rating in a research report on Thursday, May 2nd. Jefferies Financial Group started coverage on shares of Warrior Met Coal in a research report on Wednesday, March 13th. They set a “buy” rating and a $35.00 price objective on the stock. Finally, ValuEngine raised shares of Warrior Met Coal from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $34.67.

In other news, CEO Walter J. Scheller sold 34,283 shares of the firm’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $28.91, for a total transaction of $991,121.53. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Jack K. Richardson sold 17,919 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $33.00, for a total transaction of $591,327.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 108,215 shares of company stock worth $3,213,177. Insiders own 0.59% of the company’s stock.

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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.

Further Reading: Average Daily Trade Volume – ADTV

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

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