Public Sector Pension Investment Board Acquires 36,280 Shares of Warrior Met Coal $HCC

Key Points

• The Public Sector Pension Investment Board increased its stake in Warrior Met Coal by 27.8%, owning 166,629 shares valued at approximately $7.95 million as of its latest SEC filing.
• Despite a 25% decline in revenue year-over-year, Warrior Met Coal reported earnings of $0.11 per share, surpassing estimates significantly.
• Warrior Met Coal has a consensus rating of "Hold" from analysts, with a target price averaging $61.00, amid mixed updates from brokerages regarding its future price projections.

Public Sector Pension Investment Board grew its position in Warrior Met Coal (NYSE:HCC - Free Report) by 27.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 166,629 shares of the company's stock after acquiring an additional 36,280 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.32% of Warrior Met Coal worth $7,952,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. grew its holdings in shares of Warrior Met Coal by 272.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,994,301 shares of the company's stock valued at $108,171,000 after purchasing an additional 1,458,279 shares during the last quarter. Victory Capital Management Inc. boosted its position 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 valued at $32,474,000 after purchasing an additional 646,799 shares during the period. Silver Point Capital L.P. bought a new position in Warrior Met Coal during the 4th quarter worth $34,985,000. Woodline Partners LP lifted its position in Warrior Met Coal by 224.2% in the 4th quarter. Woodline Partners LP now owns 670,380 shares of the company's stock valued at $36,361,000 after purchasing an additional 463,577 shares during the last quarter. Finally, Lloyd Harbor Capital Management LLC bought a new position in Warrior Met Coal in the 4th quarter worth approximately $8,407,000. Institutional investors own 92.28% of the company's stock.

Analysts Set New Price Targets

HCC has been the subject of a number of research reports. B. Riley decreased their price target on Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. BMO Capital Markets set a $55.00 target price on Warrior Met Coal and gave the company a "market perform" rating in a research note on Thursday, August 7th. Finally, UBS Group reduced their price target on Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $61.00.

Warrior Met Coal Stock Performance

NYSE:HCC traded up $0.1050 during mid-day trading on Tuesday, hitting $58.5950. 154,467 shares of the company's stock traded hands, compared to its average volume of 1,000,362. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 75.94 and a beta of 0.69. The firm has a 50 day moving average of $51.60 and a two-hundred day moving average of $49.26. The company has a current ratio of 4.59, a quick ratio of 3.44 and a debt-to-equity ratio of 0.12. Warrior Met Coal has a 12 month low of $38.00 and a 12 month high of $75.15.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.11 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the business posted $1.35 EPS. The company's revenue for the quarter was down 25.0% on a year-over-year basis. On average, 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 company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.32 annualized dividend and a yield of 0.5%. Warrior Met Coal's dividend payout ratio 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.