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

Bayesian Capital Management LP bought a new position in shares of Warrior Met Coal, Inc. (NYSE:HCC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,665 shares of the company's stock, valued at approximately $578,000.

Several other large investors have also added to or reduced their stakes in HCC. T. Rowe Price Investment Management Inc. boosted its holdings in Warrior Met Coal by 272.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,994,301 shares of the company's stock worth $108,171,000 after purchasing an additional 1,458,279 shares during the last quarter. Dalal Street LLC boosted its holdings in Warrior Met Coal by 144.1% during the fourth quarter. Dalal Street LLC now owns 1,704,670 shares of the company's stock worth $92,461,000 after purchasing an additional 1,006,263 shares during the last quarter. Hartree Partners LP acquired a new position in Warrior Met Coal during the fourth quarter worth $8,760,000. Mercuria Capital Strategies LLC bought a new stake in Warrior Met Coal during the fourth quarter worth $8,354,000. Finally, Forest Avenue Capital Management LP raised its position in Warrior Met Coal by 32.5% during the fourth quarter. Forest Avenue Capital Management LP now owns 545,189 shares of the company's stock worth $29,571,000 after acquiring an additional 133,642 shares in the last quarter. Institutional investors and hedge funds own 92.28% of the company's stock.

Warrior Met Coal Stock Performance

Shares of HCC traded up $0.33 during trading hours on Monday, hitting $45.66. The company had a trading volume of 209,651 shares, compared to its average volume of 788,993. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 9.53 and a beta of 0.75. The business has a fifty day moving average of $47.22 and a 200-day moving average of $54.60. Warrior Met Coal, Inc. has a 12 month low of $38.00 and a 12 month high of $75.53. The company has a quick ratio of 3.99, a current ratio of 5.20 and a debt-to-equity ratio of 0.09.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.11). The company had revenue of $299.94 million during the quarter, compared to the consensus estimate of $296.39 million. Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. Warrior Met Coal's revenue for the quarter was down 40.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.63 earnings per share. Equities analysts anticipate that Warrior Met Coal, Inc. will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, May 5th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $0.32 annualized dividend and a dividend yield of 0.70%. Warrior Met Coal's dividend payout ratio (DPR) is presently 15.92%.

Wall Street Analyst Weigh In

Several research firms have issued reports on HCC. UBS Group dropped their price target on shares of Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Benchmark reaffirmed a "hold" rating on shares of Warrior Met Coal in a research report on Friday, February 14th. Finally, B. Riley dropped their price target on shares of Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating on the stock in a research report on Friday, April 11th.

About Warrior Met Coal

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.