Teacher Retirement System of Texas Takes $365,000 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 the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,647 shares of the company's stock, valued at approximately $365,000.

A number of other large investors also recently made changes to their positions in HCC. T. Rowe Price Investment Management Inc. lifted its stake in shares of Warrior Met Coal by 272.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,994,301 shares of the company's stock valued at $108,171,000 after purchasing an additional 1,458,279 shares during the period. Dalal Street LLC increased its position in shares of Warrior Met Coal by 144.1% in the 4th quarter. Dalal Street LLC now owns 1,704,670 shares of the company's stock valued at $92,461,000 after buying an additional 1,006,263 shares in the last quarter. Silver Point Capital L.P. bought a new stake in shares of Warrior Met Coal in the 4th quarter valued at $34,985,000. Woodline Partners LP increased its position in shares of Warrior Met Coal by 224.2% in the 4th quarter. Woodline Partners LP now owns 670,380 shares of the company's stock valued at $36,361,000 after buying an additional 463,577 shares in the last quarter. Finally, Hartree Partners LP bought a new stake in shares of Warrior Met Coal in the 4th quarter valued at $8,760,000. Institutional investors and hedge funds own 92.28% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on HCC. UBS Group lowered 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 research report on Wednesday, May 7th. B. Riley lowered their price objective on shares of Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating for the company in a research report on Friday, April 11th.

Warrior Met Coal Stock Down 0.1%

HCC stock traded down $0.06 during trading hours on Friday, reaching $52.62. 778,944 shares of the stock were exchanged, compared to its average volume of 843,833. The firm's 50-day moving average is $47.21 and its 200-day moving average is $48.89. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 26.18 and a beta of 0.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.14 and a quick ratio of 4.00. 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 released its 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 for the quarter, compared to the consensus estimate of $296.39 million. Warrior Met Coal had a return on equity of 5.41% and a net margin of 7.98%. Warrior Met Coal's revenue for the quarter was down 40.4% on a year-over-year basis. During the same quarter last year, the company posted $2.63 EPS. On average, equities research analysts expect that Warrior Met Coal will post 4.86 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, May 5th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend was Monday, May 5th. Warrior Met Coal's dividend payout ratio (DPR) is presently 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.