13,342 Shares in Warrior Met Coal (NYSE:HCC) Bought by Neo Ivy Capital Management

Key Points

• Neo Ivy Capital Management acquired a new stake in Warrior Met Coal, buying 13,342 shares valued at approximately $637,000.
• The company's stock recently dropped 1.8%, and it reported a loss of ($0.16) earnings per share, missing revenue expectations despite a revenue of $299.94 million.
• Institutional investors currently hold 92.28% of Warrior Met Coal's stock, indicating strong institutional interest in the company.

Neo Ivy Capital Management purchased a new position in shares of Warrior Met Coal (NYSE:HCC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,342 shares of the company's stock, valued at approximately $637,000.

Several other large investors have also bought and sold shares of HCC. Principal Financial Group Inc. grew its holdings in Warrior Met Coal by 3.4% during the 1st quarter. Principal Financial Group Inc. now owns 322,545 shares of the company's stock worth $15,392,000 after acquiring an additional 10,608 shares during the period. CWA Asset Management Group LLC bought a new position in shares of Warrior Met Coal in the 1st quarter worth $334,000. D. E. Shaw & Co. Inc. grew its stake in shares of Warrior Met Coal by 14.4% during 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 increased 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 valued at $1,841,000 after purchasing an additional 10,839 shares during the last quarter. Finally, Forest Avenue Capital Management LP increased its holdings in Warrior Met Coal by 32.5% in the fourth quarter. Forest Avenue Capital Management LP now owns 545,189 shares of the company's stock valued at $29,571,000 after purchasing an additional 133,642 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Warrior Met Coal Trading Down 3.0%

Warrior Met Coal stock traded down $1.62 during mid-day trading on Wednesday, hitting $51.35. 395,901 shares of the company's stock were exchanged, compared to its average volume of 986,945. The company's 50 day simple moving average is $48.56 and its 200-day simple moving average is $49.01. The company has a quick ratio of 4.00, a current ratio of 5.14 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $2.70 billion, a P/E ratio of 25.54 and a beta of 0.67. Warrior Met Coal has a fifty-two week low of $38.00 and a fifty-two week high of $75.15.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.16) earnings per share (EPS) 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 business had revenue of $299.94 million during the quarter, compared to the consensus estimate of $296.39 million. During the same quarter last year, the company earned $2.63 earnings per share. The firm's revenue was down 40.4% compared to the same quarter last year. On average, equities analysts anticipate that Warrior Met Coal will post 4.86 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 8th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.62%. Warrior Met Coal's dividend payout ratio (DPR) is currently 15.92%.

Analyst Upgrades and Downgrades

HCC has been the topic of a number of recent analyst reports. B. Riley reduced their target price on 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 cut their price target on shares of Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th.

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.