Vanguard Group Inc. Has $280.85 Million Holdings in Warrior Met Coal $HCC

Key Points

• Vanguard Group Inc. has reduced its stake in Warrior Met Coal by 1.0%, now holding approximately 11.20% of the company, which equates to a value of $280.85 million.
• Institutional investors collectively own 92.28% of Warrior Met Coal's stock, indicating strong institutional interest in the company.
• Warrior Met Coal reported a quarterly earnings per share of $0.11, beating expectations, despite a 25% year-over-year revenue drop.

Vanguard Group Inc. cut its stake in Warrior Met Coal (NYSE:HCC - Free Report) by 1.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,885,455 shares of the company's stock after selling 57,363 shares during the period. Vanguard Group Inc. owned approximately 11.20% of Warrior Met Coal worth $280,854,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HCC. Principal Financial Group Inc. boosted its stake 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 worth $15,392,000 after buying an additional 10,608 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Warrior Met Coal during the 1st quarter worth about $334,000. D. E. Shaw & Co. Inc. boosted its stake 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 worth $3,193,000 after buying an additional 7,426 shares during the last quarter. Kennondale Capital Management LLC boosted its stake 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 worth $1,841,000 after buying an additional 10,839 shares during the last quarter. Finally, Skylands Capital LLC acquired a new position in shares of Warrior Met Coal during the 1st quarter worth about $1,312,000. 92.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on HCC. UBS Group reduced 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 note on Wednesday, May 7th. B. Riley reduced 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 research note on Tuesday, July 22nd. Finally, BMO Capital Markets set a $55.00 price objective on shares of Warrior Met Coal and gave the stock a "market perform" rating in a research note on Thursday, August 7th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $61.00.

Warrior Met Coal Stock Down 2.8%

Shares of HCC stock opened at $59.88 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.44 and a current ratio of 4.59. The firm's 50-day moving average is $51.40 and its 200-day moving average is $49.22. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 77.77 and a beta of 0.69. Warrior Met Coal has a 52-week low of $38.00 and a 52-week high of $75.15.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.28) by $0.39. The company had revenue of $297.52 million for the quarter, compared to analysts' expectations of $285.63 million. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. Warrior Met Coal's quarterly revenue was down 25.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.35 EPS. Sell-side analysts predict that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The business 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. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 8th. Warrior Met Coal's dividend payout ratio is currently 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.

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