Nuveen LLC Buys New Stake in Warrior Met Coal $HCC

Key Points

• Nuveen LLC has acquired a stake in Warrior Met Coal, purchasing 141,677 shares valued at approximately $6.76 million, representing about 0.27% of the company's total shares.
• Several hedge funds, including Covestor Ltd and Farther Finance Advisors LLC, have also significantly increased their positions in Warrior Met Coal, indicating broader institutional interest in the stock.
• Warrior Met Coal recently reported a quarterly earnings per share of $0.11, surpassing estimates, although its revenue declined 25% year-over-year, totaling $297.52 million.

Nuveen LLC purchased a new stake in Warrior Met Coal (NYSE:HCC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 141,677 shares of the company's stock, valued at approximately $6,761,000. Nuveen LLC owned 0.27% of Warrior Met Coal as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. SummerHaven Investment Management LLC raised its position in shares of Warrior Met Coal by 2.5% in the first quarter. SummerHaven Investment Management LLC now owns 11,350 shares of the company's stock valued at $542,000 after purchasing an additional 272 shares during the period. Covestor Ltd raised its position in shares of Warrior Met Coal by 14.6% in the first quarter. Covestor Ltd now owns 2,622 shares of the company's stock valued at $125,000 after purchasing an additional 335 shares during the period. KBC Group NV raised its position in shares of Warrior Met Coal by 41.8% in the first quarter. KBC Group NV now owns 3,033 shares of the company's stock valued at $145,000 after purchasing an additional 894 shares during the period. Significant Wealth Partners LLC raised its position in shares of Warrior Met Coal by 26.5% in the first quarter. Significant Wealth Partners LLC now owns 5,005 shares of the company's stock valued at $239,000 after purchasing an additional 1,049 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Warrior Met Coal by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,509 shares of the company's stock valued at $1,601,000 after purchasing an additional 1,134 shares during the period. Institutional investors own 92.28% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on HCC. B. Riley dropped their price target on shares of 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. UBS Group boosted their target price 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. Finally, BMO Capital Markets set a $55.00 target price on shares of Warrior Met Coal and gave the stock a "market perform" rating in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $63.50.

Warrior Met Coal Stock Performance

HCC stock traded up $2.30 on Friday, reaching $61.15. 246,219 shares of the company were exchanged, compared to its average volume of 983,672. Warrior Met Coal has a 12 month low of $38.00 and a 12 month high of $75.15. The stock's fifty day moving average price is $53.46 and its 200 day moving average price is $49.63. The firm has a market capitalization of $3.21 billion, a PE ratio of 79.35 and a beta of 0.69. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.59 and a quick ratio of 3.44.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating 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 company had revenue of $297.52 million during the quarter, compared to analysts' expectations of $285.63 million. During the same quarter in the prior year, the company posted $1.35 EPS. The business's revenue was down 25.0% on a year-over-year basis. On average, research analysts anticipate that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

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

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.