Persistent Asset Partners Ltd Purchases New Shares in Warrior Met Coal (NYSE:HCC)

Key Points

• Persistent Asset Partners Ltd acquired 5,978 shares of Warrior Met Coal, valued at approximately $285,000, as reported in their recent 13F filing with the SEC.
• Wall Street analysts have mixed ratings on Warrior Met Coal, with a consensus rating of "Hold" and a target price of $61.00, while recent price targets have ranged from $50.00 to $74.00.
• Warrior Met Coal announced a quarterly dividend of $0.08 per share, reflecting a dividend yield of 0.5% and a payout ratio of 41.56%.

Persistent Asset Partners Ltd acquired a new position in shares of Warrior Met Coal (NYSE:HCC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,978 shares of the company's stock, valued at approximately $285,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Warrior Met Coal by 5.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,259,608 shares of the company's stock worth $122,563,000 after buying an additional 117,717 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Warrior Met Coal by 272.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,994,301 shares of the company's stock worth $108,171,000 after buying an additional 1,458,279 shares during the period. Allianz Asset Management GmbH lifted its holdings in Warrior Met Coal by 4.7% during the 1st quarter. Allianz Asset Management GmbH now owns 1,442,933 shares of the company's stock worth $68,857,000 after buying an additional 64,288 shares during the period. Victory Capital Management Inc. lifted 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 buying an additional 646,799 shares during the period. Finally, Woodline Partners LP lifted 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 buying an additional 463,577 shares during the period. Institutional investors own 92.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. UBS Group cut their target price on Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. BMO Capital Markets set a $55.00 price objective on Warrior Met Coal and gave the stock a "market perform" rating in a research report on Thursday, August 7th. Finally, B. Riley lowered their price objective on Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating for the company in a research report on Tuesday, July 22nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $61.00.

Warrior Met Coal Stock Performance

Shares of HCC opened at $60.31 on Tuesday. Warrior Met Coal has a 52 week low of $38.00 and a 52 week high of $75.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.44 and a current ratio of 4.59. The stock has a 50 day moving average price of $50.17 and a two-hundred day moving average price of $48.96. The firm has a market capitalization of $3.17 billion, a P/E ratio of 78.32 and a beta of 0.69.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.28) by $0.39. Warrior Met Coal had a return on equity of 2.26% and a net margin of 3.30%. The company had revenue of $297.52 million for the quarter, compared to the consensus estimate of $285.63 million. During the same quarter last year, the business posted $1.35 earnings per share. The firm's revenue was down 25.0% compared to the same quarter last year. Equities analysts forecast that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

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

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.

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