Balefire LLC Buys Shares of 5,603 Warrior Met Coal $HCC

Key Points

• Balefire LLC has invested $257,000 in Warrior Met Coal by acquiring 5,603 shares during the second quarter.
• Warrior Met Coal reported earnings per share of $0.11 for the last quarter, surpassing analysts' expectations and generating revenues of $297.52 million.
• The company recently announced a quarterly dividend of $0.08 per share, resulting in a 0.5% annual yield for shareholders.

Balefire LLC acquired a new position in Warrior Met Coal (NYSE:HCC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 5,603 shares of the company's stock, valued at approximately $257,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Covestor Ltd lifted its stake in shares of Warrior Met Coal by 14.6% in 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 lifted its stake in shares of Warrior Met Coal by 5,565.4% in 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 lifted its stake in shares of Warrior Met Coal by 41.8% in 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 lifted its stake in shares of Warrior Met Coal by 325.0% in 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 buying an additional 1,049 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on HCC. Wall Street Zen lowered Warrior Met Coal from a "hold" rating to a "sell" rating in a research report on Saturday, September 13th. B. Riley reduced their price objective on Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating for the company in a research report on Tuesday, July 22nd. UBS Group raised 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, August 20th. Finally, 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. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $63.50.

Warrior Met Coal Trading Down 1.6%

Shares of HCC traded down $1.01 during mid-day trading on Friday, reaching $62.79. 1,830,521 shares of the company's stock traded hands, compared to its average volume of 728,790. The stock has a market cap of $3.30 billion, a P/E ratio of 81.55 and a beta of 0.74. The stock's 50-day moving average is $57.63 and its two-hundred day moving average is $50.73. Warrior Met Coal has a 12 month low of $38.00 and a 12 month high of $75.15. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.59 and a quick ratio of 3.44.

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

Warrior Met Coal Announces Dividend

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

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.