Concentric Capital Strategies LP Invests $1.20 Million in Warrior Met Coal, Inc. (NYSE:HCC)

Concentric Capital Strategies LP acquired a new position in shares of Warrior Met Coal, Inc. (NYSE:HCC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 22,081 shares of the company's stock, valued at approximately $1,198,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC bought a new position in shares of Warrior Met Coal in the 4th quarter valued at $43,000. GAMMA Investing LLC increased its stake in shares of Warrior Met Coal by 56.7% in the 4th quarter. GAMMA Investing LLC now owns 989 shares of the company's stock valued at $54,000 after purchasing an additional 358 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Warrior Met Coal by 31.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company's stock valued at $64,000 after purchasing an additional 279 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Warrior Met Coal by 304.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company's stock valued at $75,000 after purchasing an additional 1,040 shares during the last quarter. Finally, Sterling Capital Management LLC increased its stake in shares of Warrior Met Coal by 818.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,634 shares of the company's stock valued at $89,000 after purchasing an additional 1,456 shares during the last quarter. Institutional investors own 92.28% of the company's stock.

Warrior Met Coal Trading Up 5.0%

HCC traded up $2.33 during midday trading on Tuesday, hitting $48.60. 424,997 shares of the company were exchanged, compared to its average volume of 790,812. The firm has a market capitalization of $2.55 billion, a P/E ratio of 10.15 and a beta of 0.75. Warrior Met Coal, Inc. has a 1-year low of $38.00 and a 1-year high of $75.53. The firm's 50 day moving average price is $47.16 and its 200-day moving average price is $54.50. 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 announced its earnings results on Wednesday, April 30th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.11). Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. The company had revenue of $299.94 million for the quarter, compared to analyst estimates of $296.39 million. During the same period in the previous year, the firm posted $2.63 earnings per share. The firm's quarterly revenue was down 40.4% compared to the same quarter last year. As a group, equities analysts forecast that Warrior Met Coal, Inc. will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, May 5th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Monday, May 5th. Warrior Met Coal's dividend payout ratio (DPR) is presently 15.92%.

Analyst Ratings Changes

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

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.