Warrior Met Coal $HCC Shares Purchased by Dalal Street LLC

Key Points

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Dalal Street LLC raised its stake in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 5.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,799,580 shares of the company's stock after purchasing an additional 94,910 shares during the period. Warrior Met Coal accounts for approximately 36.6% of Dalal Street LLC's holdings, making the stock its biggest position. Dalal Street LLC owned 3.42% of Warrior Met Coal worth $85,876,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in HCC. Summit Investment Advisors Inc. grew its holdings in Warrior Met Coal by 5.0% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,424 shares of the company's stock valued at $294,000 after purchasing an additional 260 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of Warrior Met Coal by 2.5% in the 1st quarter. SummerHaven Investment Management LLC now owns 11,350 shares of the company's stock valued at $542,000 after purchasing an additional 272 shares in the last quarter. Covestor Ltd raised its holdings 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 in the last quarter. KBC Group NV raised its holdings 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 in the last quarter. Finally, Significant Wealth Partners LLC grew its position in shares of Warrior Met Coal by 26.5% in the 1st quarter. Significant Wealth Partners LLC now owns 5,005 shares of the company's stock worth $239,000 after buying an additional 1,049 shares during the last quarter. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Warrior Met Coal Trading Up 3.8%

Shares of Warrior Met Coal stock traded up $2.1860 during trading hours on Friday, hitting $59.3960. The company's stock had a trading volume of 650,743 shares, compared to its average volume of 1,116,896. Warrior Met Coal has a twelve month low of $38.00 and a twelve month high of $75.15. The firm has a fifty day moving average of $52.46 and a 200-day moving average of $49.46. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 77.14 and a beta of 0.69. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.44 and a current ratio of 4.59.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced 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 return on equity of 2.26% and a net margin of 3.30%.The business had revenue of $297.52 million for the quarter, compared to analyst estimates of $285.63 million. During the same quarter in the prior year, the company posted $1.35 EPS. The company's quarterly revenue was down 25.0% on a year-over-year basis. Research analysts forecast that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors 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 payout ratio is currently 41.56%.

Analysts Set New Price Targets

HCC has been the subject of a number of recent analyst reports. UBS Group lifted 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 note on Wednesday. B. Riley reduced their price target on shares of 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. Finally, BMO Capital Markets set a $55.00 price objective on shares of Warrior Met Coal and gave the stock a "market perform" rating in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $63.50.

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.