Readystate Asset Management LP Makes New Investment in Warrior Met Coal (NYSE:HCC)

Readystate Asset Management LP acquired a new position in shares of Warrior Met Coal (NYSE:HCC - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 9,414 shares of the company's stock, valued at approximately $449,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kennondale Capital Management LLC lifted its stake in shares of Warrior Met Coal by 39.1% in the 1st 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. Allianz Asset Management GmbH raised its position in shares of Warrior Met Coal by 4.7% during the first quarter. Allianz Asset Management GmbH now owns 1,442,933 shares of the company's stock valued at $68,857,000 after buying an additional 64,288 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Warrior Met Coal by 1,918.4% during the first quarter. Victory Capital Management Inc. now owns 680,515 shares of the company's stock valued at $32,474,000 after buying an additional 646,799 shares during the last quarter. Significant Wealth Partners LLC raised its position in shares of Warrior Met Coal by 26.5% during the first quarter. Significant Wealth Partners LLC now owns 5,005 shares of the company's stock valued at $239,000 after buying an additional 1,049 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Warrior Met Coal by 3.4% during the first quarter. Principal Financial Group Inc. now owns 322,545 shares of the company's stock valued at $15,392,000 after buying an additional 10,608 shares during the last quarter. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Warrior Met Coal Stock Down 1.9%

Shares of NYSE:HCC traded down $1.11 during midday trading on Thursday, reaching $58.04. 1,414,357 shares of the company were exchanged, compared to its average volume of 1,189,736. Warrior Met Coal has a fifty-two week low of $38.00 and a fifty-two week high of $75.15. 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 stock has a fifty day simple moving average of $48.20 and a two-hundred day simple moving average of $48.98. The firm has a market cap of $3.05 billion, a PE ratio of 28.87 and a beta of 0.67.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.11). Warrior Met Coal had a net margin of 7.98% and a return on equity of 5.41%. The business had revenue of $299.94 million during the quarter, compared to the consensus estimate of $296.39 million. During the same period last year, the business posted $2.63 EPS. The firm's revenue for the quarter was down 40.4% on a year-over-year basis. As a group, sell-side analysts forecast that Warrior Met Coal will post 4.86 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on HCC. B. Riley lowered their target price on shares of Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating on the stock in a research note on Tuesday. UBS Group lowered their target price on shares of Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating on the stock in a research note 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.