Kendall Capital Management Sells 4,580 Shares of Warrior Met Coal $HCC

Key Points

• Kendall Capital Management reduced its stake in Warrior Met Coal (NYSE:HCC) by 44.5%, selling 4,580 shares and holding 5,715 shares worth approximately $262,000 at the end of the recent quarter.
• Warrior Met Coal reported earnings of $0.11 EPS for Q2, surpassing expectations, despite a 25% decline in revenue year-over-year, totaling $297.52 million.
• The firm also declared a quarterly dividend of $0.08, resulting in an annualized yield of 0.5% and a payout ratio of 41.56%.

Kendall Capital Management cut its holdings in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 44.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,715 shares of the company's stock after selling 4,580 shares during the period. Kendall Capital Management's holdings in Warrior Met Coal were worth $262,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in HCC. L1 Capital Pty Ltd acquired a new position in shares of Warrior Met Coal during the first quarter worth $34,278,000. Adage Capital Partners GP L.L.C. increased its position in shares of Warrior Met Coal by 412.5% during 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. Victory Capital Management Inc. increased its position in shares of Warrior Met Coal by 1,918.4% during 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. T. Rowe Price Investment Management Inc. increased its position in shares of Warrior Met Coal by 18.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,361,627 shares of the company's stock worth $112,697,000 after purchasing an additional 367,326 shares in the last quarter. Finally, Woodline Partners LP increased its position in shares of Warrior Met Coal by 33.5% during the first quarter. Woodline Partners LP now owns 894,938 shares of the company's stock worth $42,706,000 after purchasing an additional 224,558 shares in the last quarter. 92.28% of the stock is owned by institutional investors and hedge funds.

Warrior Met Coal Price Performance

NYSE:HCC opened at $63.74 on Friday. Warrior Met Coal has a one year low of $38.00 and a one year high of $75.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.44 and a current ratio of 4.59. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 82.78 and a beta of 0.74. The firm's fifty day moving average is $58.79 and its two-hundred day moving average is $51.26.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.28) by $0.39. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. The company had revenue of $297.52 million for the quarter, compared to analyst estimates of $285.63 million. During the same period in the prior year, the company earned $1.35 earnings per share. The firm's revenue was down 25.0% on a year-over-year basis. Research analysts expect that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on HCC. Zacks Research raised Warrior Met Coal from a "strong sell" rating to a "hold" rating in a research report on Monday, September 22nd. Wall Street Zen downgraded Warrior Met Coal from a "hold" rating to a "sell" rating in a research report on Saturday, September 13th. B. Riley dropped their price objective on shares of Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. UBS Group boosted their price objective on shares of 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 shares of Warrior Met Coal and gave the company a "market perform" rating in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price 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.

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