American Century Companies Inc. Grows Stake in Warrior Met Coal $HCC

Key Points

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American Century Companies Inc. boosted its position in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 8.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,897,242 shares of the company's stock after buying an additional 148,968 shares during the period. American Century Companies Inc. owned approximately 3.61% of Warrior Met Coal worth $90,536,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in Warrior Met Coal by 5.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,259,608 shares of the company's stock valued at $122,563,000 after buying an additional 117,717 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake 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 valued at $108,171,000 after buying an additional 1,458,279 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in Warrior Met Coal by 4.7% during the first quarter. Allianz Asset Management GmbH now owns 1,442,933 shares of the company's stock valued at $68,857,000 after buying an additional 64,288 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Warrior Met Coal by 1,918.4% during the first quarter. Victory Capital Management Inc. now owns 680,515 shares of the company's stock valued at $32,474,000 after buying an additional 646,799 shares during the last quarter. Finally, Woodline Partners LP boosted its stake in Warrior Met Coal by 224.2% during the fourth quarter. Woodline Partners LP now owns 670,380 shares of the company's stock valued at $36,361,000 after buying an additional 463,577 shares during the last quarter. 92.28% of the stock is owned by institutional investors.

Warrior Met Coal Trading Up 3.8%

Shares of NYSE HCC traded up $2.1860 during midday trading on Friday, hitting $59.3960. The company's stock had a trading volume of 412,124 shares, compared to its average volume of 995,400. The company has a current ratio of 4.59, a quick ratio of 3.44 and a debt-to-equity ratio of 0.12. The business's 50 day moving average is $52.20 and its two-hundred day moving average is $49.41. Warrior Met Coal has a 12-month low of $38.00 and a 12-month high of $75.15. The firm has a market cap of $3.12 billion, a P/E ratio of 77.14 and a beta of 0.69.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.39. Warrior Met Coal had a return on equity of 2.26% and a net margin of 3.30%.The firm had revenue of $297.52 million for the quarter, compared to the consensus estimate of $285.63 million. During the same period in the prior year, the business posted $1.35 earnings per share. The company's revenue for the quarter was down 25.0% on a year-over-year basis. As a group, equities 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 declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were issued 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 presently 41.56%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. BMO Capital Markets set a $55.00 price objective on Warrior Met Coal and gave the company a "market perform" rating in a research report on Thursday, August 7th. UBS Group upped their price objective on Warrior Met Coal from $50.00 to $60.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, B. Riley decreased their price objective on 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 research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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.