Warrior Met Coal $HCC Shares Bought by Magnetar Financial LLC

Key Points

• Magnetar Financial LLC increased its stake in Warrior Met Coal (NYSE:HCC) by 87.3%, owning 11,151 shares worth $532,000 after adding 5,199 shares in Q1.
• Institutional investors now hold 92.28% of Warrior Met Coal’s stock, with significant increases from firms like Principal Financial Group and Kennondale Capital Management.
• Warrior Met Coal reported a quarterly earnings per share of $0.11, surpassing estimates, but the revenue was down 25% compared to the same quarter last year.

Magnetar Financial LLC increased its holdings in Warrior Met Coal (NYSE:HCC - Free Report) by 87.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,151 shares of the company's stock after acquiring an additional 5,199 shares during the quarter. Magnetar Financial LLC's holdings in Warrior Met Coal were worth $532,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in HCC. Victory Capital Management Inc. grew its holdings in Warrior Met Coal by 1,918.4% during the 1st quarter. Victory Capital Management Inc. now owns 680,515 shares of the company's stock worth $32,474,000 after acquiring an additional 646,799 shares in the last quarter. Silver Point Capital L.P. acquired a new position in Warrior Met Coal during the 4th quarter worth $34,985,000. Woodline Partners LP grew its holdings in Warrior Met Coal by 224.2% during the 4th quarter. Woodline Partners LP now owns 670,380 shares of the company's stock worth $36,361,000 after acquiring an additional 463,577 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings 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. Finally, Lloyd Harbor Capital Management LLC acquired a new position in Warrior Met Coal during the 4th quarter worth $8,407,000. 92.28% of the stock is owned by institutional investors and hedge funds.

Warrior Met Coal Stock Performance

HCC stock traded up $5.47 during midday trading on Friday, reaching $60.62. The company had a trading volume of 995,465 shares, compared to its average volume of 798,785. 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 50 day moving average price of $55.34 and a 200 day moving average price of $49.91. Warrior Met Coal has a fifty-two week low of $38.00 and a fifty-two week high of $75.15. The firm has a market capitalization of $3.19 billion, a PE ratio of 78.73 and a beta of 0.74.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $297.52 million for the quarter, compared to analysts' expectations of $285.63 million. During the same quarter last year, the company earned $1.35 EPS. The company's revenue for the quarter was down 25.0% compared to the same quarter last year. Analysts anticipate that Warrior Met Coal will post 4.86 earnings per share for the current year.

Warrior Met Coal Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.