Mudita Advisors LLP Buys 22,795 Shares of Warrior Met Coal $HCC

Key Points

• Mudita Advisors LLP increased its holdings in Warrior Met Coal by 5.8%, acquiring an additional 22,795 shares, bringing its total to 417,165 shares worth approximately $19.9 million.
• A number of institutional investors raised their positions in Warrior Met Coal, resulting in institutional ownership climbing to 92.28% of the company's stock.
• Analysts have mixed ratings on Warrior Met Coal, with a consensus target price of $63.50 and recent price objectives ranging from $55.00 to $76.00, indicating a generally positive outlook.

Mudita Advisors LLP increased its holdings in Warrior Met Coal (NYSE:HCC - Free Report) by 5.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 417,165 shares of the company's stock after acquiring an additional 22,795 shares during the period. Warrior Met Coal comprises 10.1% of Mudita Advisors LLP's investment portfolio, making the stock its 2nd biggest holding. Mudita Advisors LLP owned 0.79% of Warrior Met Coal worth $19,907,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HCC. Covestor Ltd raised its holdings in shares of Warrior Met Coal by 14.6% in the 1st quarter. Covestor Ltd now owns 2,622 shares of the company's stock worth $125,000 after acquiring an additional 335 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Warrior Met Coal by 5,565.4% in the 1st quarter. Farther Finance Advisors LLC now owns 2,946 shares of the company's stock worth $142,000 after acquiring an additional 2,894 shares during the last quarter. KBC Group NV raised its holdings in shares of Warrior Met Coal by 41.8% in the 1st quarter. KBC Group NV now owns 3,033 shares of the company's stock worth $145,000 after acquiring an additional 894 shares during the last quarter. FNY Investment Advisers LLC raised its holdings in shares of Warrior Met Coal by 325.0% in the 1st quarter. FNY Investment Advisers LLC now owns 3,400 shares of the company's stock worth $162,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Significant Wealth Partners LLC raised its holdings in shares of Warrior Met Coal by 26.5% in the 1st quarter. Significant Wealth Partners LLC now owns 5,005 shares of the company's stock worth $239,000 after acquiring an additional 1,049 shares during the last quarter. Institutional investors and hedge funds own 92.28% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on HCC. 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 research report on Wednesday, August 20th. 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. B. Riley cut 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. Finally, Wall Street Zen raised shares of Warrior Met Coal from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $63.50.

Warrior Met Coal Stock Performance

NYSE HCC opened at $58.29 on Wednesday. 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 0.12, a current ratio of 4.59 and a quick ratio of 3.44. The stock has a market capitalization of $3.06 billion, a PE ratio of 75.70 and a beta of 0.74. The company's 50 day simple moving average is $55.86 and its two-hundred day simple moving average is $50.07.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate 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 quarterly revenue was down 25.0% on a year-over-year basis. During the same quarter last year, the company posted $1.35 EPS. Analysts predict that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

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

Warrior Met Coal Company 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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