Mount Lucas Management LP Makes New $574,000 Investment in Warrior Met Coal (NYSE:HCC)

Mount Lucas Management LP bought a new position in shares of Warrior Met Coal (NYSE:HCC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,020 shares of the company's stock, valued at approximately $574,000.

A number of other hedge funds have also bought and sold shares of HCC. Principal Financial Group Inc. grew its holdings in Warrior Met Coal by 3.4% in the first quarter. Principal Financial Group Inc. now owns 322,545 shares of the company's stock worth $15,392,000 after purchasing an additional 10,608 shares during the period. CWA Asset Management Group LLC acquired a new stake in Warrior Met Coal in the first quarter worth $334,000. D. E. Shaw & Co. Inc. grew its holdings in Warrior Met Coal by 14.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 58,877 shares of the company's stock worth $3,193,000 after purchasing an additional 7,426 shares during the period. Kennondale Capital Management LLC grew its holdings in Warrior Met Coal by 39.1% in the first quarter. Kennondale Capital Management LLC now owns 38,586 shares of the company's stock worth $1,841,000 after purchasing an additional 10,839 shares during the period. Finally, Forest Avenue Capital Management LP grew its holdings in shares of Warrior Met Coal by 32.5% during the fourth quarter. Forest Avenue Capital Management LP now owns 545,189 shares of the company's stock valued at $29,571,000 after buying an additional 133,642 shares during the last quarter. Institutional investors own 92.28% of the company's stock.

Analysts Set New Price Targets

HCC has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. B. Riley reduced their price objective 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.

Warrior Met Coal Stock Down 1.8%

Shares of NYSE HCC traded down $1.06 during mid-day trading on Friday, reaching $56.94. 1,131,752 shares of the company's stock traded hands, compared to its average volume of 1,207,498. The stock has a market cap of $2.99 billion, a P/E ratio of 28.33 and a beta of 0.67. The business has a 50-day simple moving average of $48.37 and a 200 day simple moving average of $48.99. Warrior Met Coal has a 1-year low of $38.00 and a 1-year high of $75.15. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.14 and a quick ratio of 4.00.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.11). Warrior Met Coal had a return on equity of 5.41% and a net margin of 7.98%. The firm had revenue of $299.94 million for the quarter, compared to analysts' expectations of $296.39 million. During the same quarter last year, the firm posted $2.63 earnings per share. The firm's revenue for the quarter was down 40.4% compared to the same quarter last year. On average, analysts expect that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

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.