Financial Strategies Group Inc. Has $931,000 Stock Holdings 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. grew its holdings in Warrior Met Coal (NYSE:HCC - Free Report) by 38.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,676 shares of the company's stock after acquiring an additional 5,435 shares during the period. Financial Strategies Group Inc.'s holdings in Warrior Met Coal were worth $931,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. T. Rowe Price Investment Management Inc. lifted its stake in shares of Warrior Met Coal by 18.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,361,627 shares of the company's stock valued at $112,697,000 after purchasing an additional 367,326 shares during the last quarter. American Century Companies Inc. boosted its holdings in Warrior Met Coal by 8.5% in the first 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 boosted its holdings in Warrior Met Coal by 5.6% in the first 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 in the last quarter. Allianz Asset Management GmbH boosted its holdings in Warrior Met Coal by 4.7% in the first quarter. Allianz Asset Management GmbH now owns 1,442,933 shares of the company's stock worth $68,857,000 after purchasing an additional 64,288 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its holdings 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 worth $39,130,000 after purchasing an additional 660,000 shares in the last quarter. Institutional investors and hedge funds own 92.28% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HCC shares. 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 report on Thursday, August 7th. UBS Group upped their price objective on shares of Warrior Met Coal from $50.00 to $60.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Wall Street Zen upgraded shares of Warrior Met Coal from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Finally, B. Riley decreased 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 report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $63.50.

Warrior Met Coal Stock Performance

HCC stock traded up $0.40 during mid-day trading on Wednesday, reaching $58.69. 628,442 shares of the stock traded hands, compared to its average volume of 981,498. The business has a 50-day moving average of $55.86 and a two-hundred day moving average of $50.07. The firm has a market capitalization of $3.09 billion, a PE ratio of 76.22 and a beta of 0.74. The company has a quick ratio of 3.44, a current ratio of 4.59 and a debt-to-equity ratio of 0.12. Warrior Met Coal has a 52 week low of $38.00 and a 52 week high of $75.15.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of ($0.28) by $0.39. The business had revenue of $297.52 million during 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 firm's revenue for the quarter was down 25.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.35 earnings per share. As a group, equities analysts predict that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

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. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Warrior Met Coal's dividend payout ratio is currently 41.56%.

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.