683 Capital Management LLC Acquires 10,000 Shares of Warrior Met Coal $HCC

Key Points

• 683 Capital Management LLC increased its stake in Warrior Met Coal by 18.2%, owning 65,000 shares valued at $3.1 million after acquiring an additional 10,000 shares during the first quarter.
• Other notable hedge funds, including T. Rowe Price and Adage Capital Partners, also significantly increased their holdings in Warrior Met Coal, continuing a trend of increasing institutional investment.
• Warrior Met Coal recently announced a quarterly dividend of $0.08, representing an annualized dividend yield of 0.5%, with a payout ratio of 41.56%.

683 Capital Management LLC raised its stake in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 18.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,000 shares of the company's stock after purchasing an additional 10,000 shares during the quarter. 683 Capital Management LLC owned approximately 0.12% of Warrior Met Coal worth $3,102,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in HCC. Covestor Ltd increased its position in Warrior Met Coal by 14.6% during the 1st quarter. Covestor Ltd now owns 2,622 shares of the company's stock valued at $125,000 after purchasing an additional 335 shares during the period. Farther Finance Advisors LLC increased its position in Warrior Met Coal by 5,565.4% during the 1st quarter. Farther Finance Advisors LLC now owns 2,946 shares of the company's stock valued at $142,000 after purchasing an additional 2,894 shares during the period. KBC Group NV increased its position in Warrior Met Coal by 41.8% during the 1st quarter. KBC Group NV now owns 3,033 shares of the company's stock valued at $145,000 after purchasing an additional 894 shares during the period. FNY Investment Advisers LLC increased its position in Warrior Met Coal by 325.0% during the 1st quarter. FNY Investment Advisers LLC now owns 3,400 shares of the company's stock valued at $162,000 after purchasing an additional 2,600 shares during the period. Finally, Significant Wealth Partners LLC increased its position in Warrior Met Coal by 26.5% during the 1st quarter. Significant Wealth Partners LLC now owns 5,005 shares of the company's stock valued at $239,000 after purchasing an additional 1,049 shares during the period. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Stock Performance

HCC traded up $5.47 during midday trading on Friday, hitting $60.62. 995,465 shares of the company traded hands, compared to its average volume of 798,785. The company has a quick ratio of 3.44, a current ratio of 4.59 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $3.19 billion, a PE ratio of 78.73 and a beta of 0.74. The company's 50-day moving average is $55.34 and its 200 day moving average is $49.91. Warrior Met Coal has a 52 week low of $38.00 and a 52 week high of $75.15.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.39. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. The business had revenue of $297.52 million for the quarter, compared to analysts' expectations of $285.63 million. During the same quarter in the prior year, the business earned $1.35 EPS. The business's revenue for the quarter was down 25.0% compared to the same quarter last year. On average, research analysts expect that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, August 8th. Warrior Met Coal's dividend payout ratio is 41.56%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HCC shares. Wall Street Zen raised shares of Warrior Met Coal from a "sell" rating to a "hold" rating in a research report on Friday. BMO Capital Markets set a $55.00 target price on shares of Warrior Met Coal and gave the stock a "market perform" rating in a research report on Thursday, August 7th. UBS Group upped their target price on shares of Warrior Met Coal from $50.00 to $60.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Finally, B. Riley reduced their target price on shares of Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $63.50.

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.