Bryce Point Capital LLC Sells 11,673 Shares of Warrior Met Coal (NYSE:HCC)

Key Points

• Bryce Point Capital LLC has decreased its stake in Warrior Met Coal by 46.9%, selling 11,673 shares in the first quarter, leaving it with approximately 13,236 shares valued at about $677,000.
• Warrior Met Coal reported a quarterly loss of ($0.16) EPS, missing analysts' expectations, and its revenue dropped 40.4% year-over-year, totaling $299.94 million.
• Analysts have recently revised their price targets for Warrior Met Coal's stock, with B. Riley lowering its target from $76.00 to $74.00 while maintaining a "buy" rating.

Bryce Point Capital LLC cut its stake in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 46.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,236 shares of the company's stock after selling 11,673 shares during the period. Bryce Point Capital LLC's holdings in Warrior Met Coal were worth $677,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in HCC. Summit Investment Advisors Inc. lifted its holdings in Warrior Met Coal by 5.0% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,424 shares of the company's stock worth $294,000 after buying an additional 260 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in Warrior Met Coal by 2.5% in the first quarter. SummerHaven Investment Management LLC now owns 11,350 shares of the company's stock worth $542,000 after purchasing an additional 272 shares during the period. Quadrant Capital Group LLC boosted its holdings in Warrior Met Coal by 31.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company's stock worth $64,000 after purchasing an additional 279 shares during the period. HighTower Advisors LLC boosted its holdings in Warrior Met Coal by 5.6% in the fourth quarter. HighTower Advisors LLC now owns 5,878 shares of the company's stock worth $319,000 after purchasing an additional 314 shares during the period. Finally, Covestor Ltd grew its position in shares of Warrior Met Coal by 46.6% during the 4th quarter. Covestor Ltd now owns 2,287 shares of the company's stock valued at $124,000 after buying an additional 727 shares during the last quarter. 92.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HCC. B. Riley dropped their price target on shares of Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. UBS Group dropped their price target on shares of 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.

Warrior Met Coal Price Performance

Shares of Warrior Met Coal stock traded up $0.40 on Tuesday, hitting $52.97. The company had a trading volume of 1,202,083 shares, compared to its average volume of 991,286. The company has a market cap of $2.78 billion, a PE ratio of 26.35 and a beta of 0.67. Warrior Met Coal has a 52 week low of $38.00 and a 52 week high of $75.15. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.14 and a quick ratio of 4.00. The business has a 50-day simple moving average of $48.47 and a 200-day simple moving average of $48.98.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.11). The business had revenue of $299.94 million for the quarter, compared to the consensus estimate of $296.39 million. Warrior Met Coal had a net margin of 7.98% and a return on equity of 5.41%. The firm's revenue for the quarter was down 40.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.63 EPS. Research analysts expect that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 8th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.60%. Warrior Met Coal's dividend payout ratio (DPR) is 15.92%.

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.