Y Intercept Hong Kong Ltd Acquires New Stake in Warrior Met Coal, Inc. (NYSE:HCC)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Warrior Met Coal, Inc. (NYSE:HCC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 23,972 shares of the company's stock, valued at approximately $1,300,000.

Several other institutional investors have also bought and sold shares of HCC. Maple Rock Capital Partners Inc. raised its stake in shares of Warrior Met Coal by 193.9% in the third quarter. Maple Rock Capital Partners Inc. now owns 1,460,992 shares of the company's stock valued at $93,357,000 after acquiring an additional 963,892 shares during the period. Merewether Investment Management LP raised its stake in shares of Warrior Met Coal by 441.9% in the third quarter. Merewether Investment Management LP now owns 793,300 shares of the company's stock valued at $50,692,000 after acquiring an additional 646,900 shares during the period. FMR LLC raised its stake in shares of Warrior Met Coal by 8.6% in the third quarter. FMR LLC now owns 3,210,531 shares of the company's stock valued at $205,153,000 after acquiring an additional 254,540 shares during the period. Forest Avenue Capital Management LP raised its stake in shares of Warrior Met Coal by 95.0% in the third quarter. Forest Avenue Capital Management LP now owns 411,547 shares of the company's stock valued at $26,298,000 after acquiring an additional 200,533 shares during the period. Finally, River Road Asset Management LLC raised its stake in shares of Warrior Met Coal by 22.9% in the third quarter. River Road Asset Management LLC now owns 870,357 shares of the company's stock valued at $55,616,000 after acquiring an additional 162,387 shares during the period. Institutional investors own 92.28% of the company's stock.

Remove Ads

Warrior Met Coal Price Performance

NYSE HCC traded down $1.56 on Friday, hitting $48.17. The company had a trading volume of 970,407 shares, compared to its average volume of 833,234. The company has a market capitalization of $2.53 billion, a PE ratio of 10.06 and a beta of 1.07. The company's fifty day moving average price is $52.84 and its 200-day moving average price is $58.92. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.20 and a quick ratio of 3.99. Warrior Met Coal, Inc. has a 12-month low of $45.94 and a 12-month high of $75.53.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.15 EPS 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 company had revenue of $297.47 million during the quarter, compared to analysts' expectations of $331.70 million. As a group, analysts predict that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 24th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.32 dividend on an annualized basis and a yield of 0.66%. Warrior Met Coal's dividend payout ratio (DPR) is presently 6.68%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HCC shares. Jefferies Financial Group reduced their target price on shares of Warrior Met Coal from $75.00 to $65.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Benchmark reaffirmed a "hold" rating on shares of Warrior Met Coal in a research note on Friday, February 14th. Finally, B. Riley reduced 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 research note on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $74.00.

Warrior Met Coal Company 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.