Invesco Ltd. Has $10.20 Million Stake in Warrior Met Coal $HCC

Key Points

• Invesco Ltd. has significantly reduced its holdings in Warrior Met Coal by 48.5%, owning 213,695 shares after selling 200,953 shares in the first quarter.
• Several hedge funds, including Price T Rowe and Victory Capital Management, have increased their positions in Warrior Met Coal, with Victory Capital's holdings rising by an impressive 1,918.4%.
• Warrior Met Coal announced a quarterly dividend of $0.08 per share, reflecting a 0.5% yield and a payout ratio of 41.56% as of its most recent filings.

Invesco Ltd. lessened its holdings in Warrior Met Coal (NYSE:HCC - Free Report) by 48.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 213,695 shares of the company's stock after selling 200,953 shares during the period. Invesco Ltd. owned approximately 0.41% of Warrior Met Coal worth $10,198,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC grew its stake in Warrior Met Coal by 2.5% during the first quarter. SummerHaven Investment Management LLC now owns 11,350 shares of the company's stock worth $542,000 after buying an additional 272 shares during the last quarter. Covestor Ltd grew its stake in Warrior Met Coal by 14.6% during 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. KBC Group NV grew its stake in Warrior Met Coal by 41.8% during the first quarter. KBC Group NV now owns 3,033 shares of the company's stock worth $145,000 after buying an additional 894 shares during the last quarter. Significant Wealth Partners LLC grew its stake in Warrior Met Coal by 26.5% during the first 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. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Warrior Met Coal by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,509 shares of the company's stock worth $1,601,000 after buying an additional 1,134 shares during the last quarter. Institutional investors and hedge funds own 92.28% of the company's stock.

Warrior Met Coal Trading Up 3.8%

HCC stock traded up $2.23 during midday trading on Friday, reaching $61.08. The company's stock had a trading volume of 246,219 shares, compared to its average volume of 983,672. Warrior Met Coal has a 52 week low of $38.00 and a 52 week high of $75.15. The stock has a market cap of $3.21 billion, a PE ratio of 79.35 and a beta of 0.69. 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 business's 50-day simple moving average is $53.46 and its 200-day simple moving average is $49.63.

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 (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 analysts' expectations of $285.63 million. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. The business's revenue for the quarter was down 25.0% on a year-over-year basis. During the same period last year, the firm earned $1.35 earnings per share. As a group, sell-side analysts expect that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were issued a $0.08 dividend. The ex-dividend date was Friday, August 8th. This represents a $0.32 annualized dividend and a yield of 0.5%. Warrior Met Coal's dividend payout ratio (DPR) is 41.56%.

Wall Street Analyst Weigh In

Several research firms have recently commented on HCC. B. Riley decreased their price target on shares of Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. BMO Capital Markets set a $55.00 price target on shares of Warrior Met Coal and gave the company a "market perform" rating in a research note on Thursday, August 7th. Finally, UBS Group increased their price target on shares of Warrior Met Coal from $50.00 to $60.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target 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.