TD Asset Management Inc Raises 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 stake 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 disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,820 shares of the company's stock after acquiring an additional 13,620 shares during the period. TD Asset Management Inc owned approximately 0.08% of Warrior Met Coal worth $1,996,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Summit Investment Advisors Inc. grew its holdings in shares of Warrior Met Coal by 5.0% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,424 shares of the company's stock valued at $294,000 after purchasing an additional 260 shares in the last quarter. SummerHaven Investment Management LLC grew its holdings in shares of Warrior Met Coal by 2.5% in the first quarter. SummerHaven Investment Management LLC now owns 11,350 shares of the company's stock valued at $542,000 after purchasing an additional 272 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Warrior Met Coal by 31.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company's stock valued at $64,000 after purchasing an additional 279 shares in the last quarter. Covestor Ltd grew its holdings in shares of Warrior Met Coal by 46.6% in the fourth quarter. Covestor Ltd now owns 2,287 shares of the company's stock valued at $124,000 after purchasing an additional 727 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Warrior Met Coal by 41.8% in the first quarter. KBC Group NV now owns 3,033 shares of the company's stock valued at $145,000 after purchasing an additional 894 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Warrior Met Coal Trading Up 0.2%

NYSE HCC opened at $51.49 on Friday. 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 has a 52 week low of $38.00 and a 52 week high of $75.15. The stock has a market capitalization of $2.71 billion, a PE ratio of 25.62 and a beta of 0.69. The firm has a 50 day moving average of $48.87 and a two-hundred day moving average of $48.95.

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

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders 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 yield of 0.6%. The ex-dividend date is Friday, August 8th. Warrior Met Coal's payout ratio is 15.92%.

Analyst Ratings Changes

A number of research analysts recently weighed in on HCC shares. UBS Group dropped their price objective on shares of Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. B. Riley dropped their price objective on shares of Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating for the company in a report on Tuesday, July 22nd.

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.

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