Russell Investments Group Ltd. Grows Position in Warrior Met Coal $HCC

Key Points

• Russell Investments Group Ltd. has increased its holdings in Warrior Met Coal by 29.0% during the first quarter, owning approximately $4.30 million worth of the company's stock.
• Warrior Met Coal recently reported a Q2 earnings beat with $0.11 earnings per share, surpassing estimates by $0.39, although revenue has dropped 25.0% compared to the previous year.
• The company declared a $0.08 quarterly dividend, yielding 0.5%, with a payout ratio of 41.56%.

Russell Investments Group Ltd. grew its position in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 29.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,067 shares of the company's stock after buying an additional 20,235 shares during the period. Russell Investments Group Ltd. owned 0.17% of Warrior Met Coal worth $4,298,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position in shares of Warrior Met Coal by 3.4% during the 1st 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. CWA Asset Management Group LLC purchased a new position in shares of Warrior Met Coal during the 1st quarter valued at $334,000. D. E. Shaw & Co. Inc. lifted its position in shares of Warrior Met Coal by 14.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 58,877 shares of the company's stock valued at $3,193,000 after buying an additional 7,426 shares during the last quarter. Kennondale Capital Management LLC lifted its position in shares of Warrior Met Coal by 39.1% during the 1st quarter. Kennondale Capital Management LLC now owns 38,586 shares of the company's stock valued at $1,841,000 after buying an additional 10,839 shares during the last quarter. Finally, Skylands Capital LLC purchased a new position in shares of Warrior Met Coal during the 1st quarter valued at $1,312,000. Hedge funds and other institutional investors own 92.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. B. Riley dropped their price target on 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 upped their price target on Warrior Met Coal from $50.00 to $60.00 and gave the company a "neutral" rating in a research report on Wednesday, August 20th. Finally, BMO Capital Markets set a $55.00 price objective on Warrior Met Coal and gave the stock a "market perform" rating in a report on Thursday, August 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.com, the company presently has a consensus rating of "Hold" and an average target price of $63.50.

Warrior Met Coal Price Performance

HCC traded down $0.10 during trading on Thursday, reaching $58.87. 429,226 shares of the company were exchanged, compared to its average volume of 957,078. The company's 50-day moving average is $53.46 and its two-hundred day moving average is $49.63. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 76.46 and a beta of 0.69. The company has a quick ratio of 3.44, a current ratio of 4.59 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 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 business had revenue of $297.52 million for the quarter, compared to analysts' expectations of $285.63 million. During the same quarter in the prior year, the firm posted $1.35 EPS. The firm's quarterly revenue was down 25.0% on a year-over-year basis. Research analysts forecast that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The firm 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 dividend yield of 0.5%. Warrior Met Coal's dividend payout ratio (DPR) is presently 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.