Boston Partners Boosts Stake in Warrior Met Coal $HCC

Boston Partners lifted its holdings in Warrior Met Coal (NYSE:HCC - Free Report) by 34.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,280 shares of the company's stock after purchasing an additional 7,562 shares during the quarter. Boston Partners owned 0.06% of Warrior Met Coal worth $1,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. LPL Financial LLC increased its position in shares of Warrior Met Coal by 22.5% during the 4th quarter. LPL Financial LLC now owns 6,654 shares of the company's stock valued at $361,000 after purchasing an additional 1,221 shares during the last quarter. Wells Fargo & Company MN lifted its position in Warrior Met Coal by 25.5% during the fourth quarter. Wells Fargo & Company MN now owns 32,919 shares of the company's stock valued at $1,786,000 after purchasing an additional 6,688 shares in the last quarter. Bank of Montreal Can raised its holdings in Warrior Met Coal by 146.0% during the fourth quarter. Bank of Montreal Can now owns 15,932 shares of the company's stock valued at $864,000 after acquiring an additional 9,456 shares during the period. Raymond James Financial Inc. bought a new stake in Warrior Met Coal during the fourth quarter valued at about $4,554,000. Finally, Sterling Capital Management LLC raised its holdings in Warrior Met Coal by 818.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,634 shares of the company's stock valued at $89,000 after acquiring an additional 1,456 shares during the period. Hedge funds and other institutional investors own 92.28% of the company's stock.

Warrior Met Coal Price Performance

NYSE:HCC opened at $59.88 on Monday. Warrior Met Coal has a one year low of $38.00 and a one year high of $75.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.44 and a current ratio of 4.59. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 77.77 and a beta of 0.69. The firm's fifty day moving average is $51.40 and its two-hundred day moving average is $49.22.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.11 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 company had revenue of $297.52 million for the quarter, compared to analyst estimates of $285.63 million. During the same period in the prior year, the company earned $1.35 earnings per share. The firm's revenue was down 25.0% on a year-over-year basis. Research analysts expect that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HCC. B. Riley reduced their target price on Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. BMO Capital Markets set a $55.00 target price on Warrior Met Coal and gave the company a "market perform" rating in a research report on Thursday, August 7th. Finally, UBS Group dropped their target price on Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $61.00.

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.

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