Exchange Traded Concepts LLC Has $1.51 Million Stock Holdings in Warrior Met Coal $HCC

Key Points

• Exchange Traded Concepts LLC increased its holdings in Warrior Met Coal by 28.0%, acquiring an additional 7,192 shares in the second quarter, bringing its total to 32,910 shares valued at approximately $1.51 million.
• Analysts have mixed ratings on Warrior Met Coal, with a consensus target price of $63.50 and reports indicating significant changes in institutional investment, including a 412.5% increase in holdings by Adage Capital Partners.
• The company reported an EPS of $0.11 for the last quarter, surpassing expectations, but experienced a 25.0% decline in quarterly revenue compared to the previous year.

Exchange Traded Concepts LLC lifted its position in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 28.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,910 shares of the company's stock after buying an additional 7,192 shares during the period. Exchange Traded Concepts LLC owned approximately 0.06% of Warrior Met Coal worth $1,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. lifted its stake in Warrior Met Coal by 18.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,361,627 shares of the company's stock worth $112,697,000 after acquiring an additional 367,326 shares in the last quarter. American Century Companies Inc. grew its stake in Warrior Met Coal by 8.5% during the 1st quarter. American Century Companies Inc. now owns 1,897,242 shares of the company's stock worth $90,536,000 after purchasing an additional 148,968 shares in the last quarter. Dalal Street LLC increased its holdings in Warrior Met Coal by 5.6% during the 1st quarter. Dalal Street LLC now owns 1,799,580 shares of the company's stock worth $85,876,000 after purchasing an additional 94,910 shares during the period. Allianz Asset Management GmbH raised its position in Warrior Met Coal by 4.7% in the 1st quarter. Allianz Asset Management GmbH now owns 1,442,933 shares of the company's stock valued at $68,857,000 after purchasing an additional 64,288 shares in the last quarter. Finally, Woodline Partners LP boosted its stake in shares of Warrior Met Coal by 33.5% in the 1st quarter. Woodline Partners LP now owns 894,938 shares of the company's stock valued at $42,706,000 after buying an additional 224,558 shares during the period. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on HCC shares. BMO Capital Markets set a $55.00 price target on Warrior Met Coal and gave the company a "market perform" rating in a research note on Thursday, August 7th. Wall Street Zen cut Warrior Met Coal from a "hold" rating to a "sell" rating in a research report on Saturday, September 13th. UBS Group lifted their price target on Warrior Met Coal from $50.00 to $60.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Finally, B. Riley lowered their target price on shares of 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. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $63.50.

Warrior Met Coal Stock Down 1.6%

Shares of NYSE HCC traded down $1.02 on Monday, hitting $61.88. The company had a trading volume of 680,458 shares, compared to its average volume of 787,779. The business has a 50 day moving average of $57.85 and a two-hundred day moving average of $50.85. Warrior Met Coal has a 12-month low of $38.00 and a 12-month high of $75.15. The company has a quick ratio of 3.44, a current ratio of 4.59 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $3.25 billion, a P/E ratio of 80.36 and a beta of 0.74.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 3.30% and a return on equity of 2.26%. During the same period in the prior year, the company posted $1.35 earnings per share. The firm's quarterly revenue was down 25.0% on a year-over-year basis. As a group, equities research analysts forecast that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

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

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.