DRW Securities LLC Buys Shares of 70,000 Warrior Met Coal $HCC

Key Points

• DRW Securities LLC acquired 70,000 shares of Warrior Met Coal, valued at approximately $3.34 million, representing about 0.13% of the company's stock as of its latest SEC filing.
• Several analysts have varied price targets for Warrior Met Coal, with UBS Group increasing its target from $50.00 to $60.00, while B. Riley lowered its target from $76.00 to $74.00.
• Warrior Met Coal recently declared a quarterly dividend of $0.08, translating to an annual yield of 0.5%, with a payout ratio of 41.56%.

DRW Securities LLC acquired a new stake in shares of Warrior Met Coal (NYSE:HCC - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 70,000 shares of the company's stock, valued at approximately $3,340,000. DRW Securities LLC owned 0.13% of Warrior Met Coal at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Covestor Ltd boosted its stake in shares of Warrior Met Coal by 14.6% in the first quarter. Covestor Ltd now owns 2,622 shares of the company's stock worth $125,000 after buying an additional 335 shares during the last quarter. Farther Finance Advisors LLC boosted its position in 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 worth $142,000 after purchasing an additional 2,894 shares in the last quarter. KBC Group NV boosted its position in Warrior Met Coal by 41.8% in the 1st quarter. KBC Group NV now owns 3,033 shares of the company's stock worth $145,000 after purchasing an additional 894 shares in the last quarter. FNY Investment Advisers LLC boosted its position in Warrior Met Coal by 325.0% in the 1st quarter. FNY Investment Advisers LLC now owns 3,400 shares of the company's stock worth $162,000 after purchasing an additional 2,600 shares in the last quarter. Finally, Significant Wealth Partners LLC boosted its position in 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 purchasing an additional 1,049 shares in the last quarter. Institutional investors and hedge funds own 92.28% of the company's stock.

Warrior Met Coal Stock Performance

Shares of NYSE:HCC traded down $1.36 during trading on Wednesday, reaching $55.64. The company had a trading volume of 1,313,956 shares, compared to its average volume of 882,295. The stock's fifty day moving average price is $54.45 and its 200 day moving average price is $49.76. Warrior Met Coal has a fifty-two week low of $38.00 and a fifty-two week high of $75.15. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 67.93 and a beta of 0.74. 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 announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of ($0.28) by $0.39. The firm had revenue of $297.52 million for the quarter, compared to analyst estimates of $285.63 million. Warrior Met Coal had a return on equity of 2.26% and a net margin of 3.30%.Warrior Met Coal's quarterly revenue was down 25.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.35 earnings per share. As a group, equities research analysts predict 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. Shareholders of record on Friday, August 8th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, August 8th. Warrior Met Coal's dividend payout ratio is presently 41.56%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on HCC shares. B. Riley decreased their target price 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. 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 report on Wednesday, August 20th. Finally, BMO Capital Markets set a $55.00 price objective on Warrior Met Coal and gave the stock 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $63.50.

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.