TD Asset Management Inc Grows Stock Position in Warrior Met Coal (NYSE:HCC)

Key Points

• TD Asset Management Inc increased its stake in Warrior Met Coal by 48.3% during Q1, owning approximately 0.08% of the company valued at nearly $2 million.
• Warrior Met Coal reported a net loss of ($0.16) EPS in its latest quarterly results, missing estimates, while the company's revenue fell 40.4% year-over-year.
• The company declared a quarterly dividend of $0.08 per share, with a yield of 0.6%, to be paid to shareholders on August 15th.

TD Asset Management Inc raised its position in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 48.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,820 shares of the company's stock after purchasing an additional 13,620 shares during the quarter. TD Asset Management Inc owned 0.08% of Warrior Met Coal worth $1,996,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of HCC. LPL Financial LLC lifted its holdings in shares of Warrior Met Coal by 22.5% in the fourth quarter. LPL Financial LLC now owns 6,654 shares of the company's stock worth $361,000 after buying an additional 1,221 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in Warrior Met Coal by 6.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 22,371 shares of the company's stock valued at $1,213,000 after purchasing an additional 1,285 shares in the last quarter. Wells Fargo & Company MN raised its stake in Warrior Met Coal by 25.5% during the fourth quarter. Wells Fargo & Company MN now owns 32,919 shares of the company's stock valued at $1,786,000 after purchasing an additional 6,688 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Warrior Met Coal during the fourth quarter valued at $449,000. Finally, Russell Investments Group Ltd. raised its stake in Warrior Met Coal by 2.1% during the fourth quarter. Russell Investments Group Ltd. now owns 69,832 shares of the company's stock valued at $3,788,000 after purchasing an additional 1,418 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors.

Warrior Met Coal Stock Performance

Shares of NYSE HCC traded down $1.07 during midday trading on Wednesday, reaching $53.10. 554,148 shares of the stock were exchanged, compared to its average volume of 990,940. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 26.60 and a beta of 0.69. Warrior Met Coal has a twelve month low of $38.00 and a twelve month high of $75.15. The firm has a 50-day simple moving average of $49.13 and a two-hundred day simple moving average of $48.93. The company has a quick ratio of 4.00, a current ratio of 5.14 and a debt-to-equity ratio of 0.09.

Warrior Met Coal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 8th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, August 8th. Warrior Met Coal's payout ratio is currently 15.92%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. B. Riley cut their price objective 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 cut their price objective on shares of Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th.

Warrior Met Coal Company 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.