Financial Strategies Group Inc. Has $931,000 Stake in Warrior Met Coal $HCC

Key Points

• Financial Strategies Group Inc. increased its holdings in Warrior Met Coal by 38.2% in the first quarter, now owning 19,676 shares valued at approximately $931,000.
• Adage Capital Partners GP L.L.C. significantly boosted its stake in Warrior Met Coal by 412.5%, now holding 820,000 shares worth around $39.1 million.
• The stock recently traded up by 9.9% and reported a quarterly earnings beat, with earnings per share of $0.11 against the consensus estimate of ($0.28).

Financial Strategies Group Inc. raised its stake in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 38.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 19,676 shares of the company's stock after purchasing an additional 5,435 shares during the quarter. Financial Strategies Group Inc.'s holdings in Warrior Met Coal were worth $931,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in HCC. L1 Capital Pty Ltd bought a new position in shares of Warrior Met Coal during the 1st quarter worth about $34,278,000. Adage Capital Partners GP L.L.C. increased its stake in Warrior Met Coal by 412.5% in the first quarter. Adage Capital Partners GP L.L.C. now owns 820,000 shares of the company's stock valued at $39,130,000 after acquiring an additional 660,000 shares during the period. Victory Capital Management Inc. raised its position in Warrior Met Coal by 1,918.4% in the first quarter. Victory Capital Management Inc. now owns 680,515 shares of the company's stock worth $32,474,000 after purchasing an additional 646,799 shares in the last quarter. Silver Point Capital L.P. acquired a new position in Warrior Met Coal in the fourth quarter worth about $34,985,000. Finally, Woodline Partners LP raised its position in Warrior Met Coal by 224.2% in the fourth quarter. Woodline Partners LP now owns 670,380 shares of the company's stock worth $36,361,000 after purchasing an additional 463,577 shares in the last quarter. Institutional investors own 92.28% of the company's stock.

Wall Street Analyst Weigh In

HCC has been the subject of several recent research reports. B. Riley dropped 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. UBS Group increased their price target on shares of Warrior Met Coal from $50.00 to $60.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Wall Street Zen raised shares of Warrior Met Coal from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. Finally, BMO Capital Markets set a $55.00 price target on shares of Warrior Met Coal and gave the stock a "market perform" rating in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $63.50.

Warrior Met Coal Price Performance

NYSE:HCC traded down $1.08 on Friday, reaching $58.15. The stock had a trading volume of 142,829 shares, compared to its average volume of 973,925. The company has a market capitalization of $3.06 billion, a P/E ratio of 75.36 and a beta of 0.74. Warrior Met Coal has a 1-year low of $38.00 and a 1-year 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 stock has a fifty day moving average price of $56.21 and a 200-day moving average price of $50.19.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.11 EPS for the quarter, beating 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 net margin of 3.30% and a return on equity of 2.26%. The company's revenue for the quarter was down 25.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.35 earnings per share. Research analysts forecast that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The business also recently announced 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 0.6%. The ex-dividend date was Friday, August 8th. Warrior Met Coal's dividend payout ratio is presently 41.56%.

Warrior Met Coal Company 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.