Teacher Retirement System of Texas Takes Position in Warrior Met Coal (NYSE:HCC)

Teacher Retirement System of Texas purchased a new stake in Warrior Met Coal (NYSE:HCC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,647 shares of the company's stock, valued at approximately $365,000.

A number of other hedge funds also recently made changes to their positions in HCC. Quadrant Capital Group LLC boosted its stake in shares of Warrior Met Coal by 31.0% in the 4th 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. Sterling Capital Management LLC boosted its position in Warrior Met Coal by 818.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,634 shares of the company's stock worth $89,000 after buying an additional 1,456 shares during the period. Covestor Ltd boosted its position in Warrior Met Coal by 46.6% during the 4th quarter. Covestor Ltd now owns 2,287 shares of the company's stock worth $124,000 after buying an additional 727 shares during the period. Farther Finance Advisors LLC boosted its position in Warrior Met Coal by 5,565.4% during the 1st quarter. Farther Finance Advisors LLC now owns 2,946 shares of the company's stock worth $142,000 after buying an additional 2,894 shares during the period. Finally, KBC Group NV boosted its position in Warrior Met Coal by 41.8% during the 1st quarter. KBC Group NV now owns 3,033 shares of the company's stock worth $145,000 after buying an additional 894 shares during the period. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HCC has been the topic of several recent research reports. B. Riley cut their target price on shares of Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. UBS Group cut 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 report on Wednesday, May 7th.

Warrior Met Coal Trading Up 3.5%

Shares of NYSE HCC traded up $1.83 during midday trading on Monday, reaching $54.38. The stock had a trading volume of 1,114,603 shares, compared to its average volume of 847,020. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 27.05 and a beta of 0.67. Warrior Met Coal has a twelve month low of $38.00 and a twelve month high of $75.15. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.00 and a current ratio of 5.14. The company's 50 day moving average price is $47.36 and its 200 day moving average price is $48.80.

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

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, May 5th were given a $0.08 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.59%. Warrior Met Coal's dividend payout ratio (DPR) is currently 15.92%.

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.