Vident Advisory LLC Has $206,000 Stock Position in Warrior Met Coal $HCC

Key Points

• Vident Advisory LLC reduced its stake in Warrior Met Coal by 83.9%, now holding 4,318 shares worth $206,000 after selling 22,515 shares in Q1.
• Despite recent sales, other institutional investors like Covestor Ltd and FNY Investment Advisers LLC increased their holdings significantly, indicating continued interest in the company.
• Warrior Met Coal's recent earnings report showed a profit of $0.11 EPS, surpassing estimates despite a 25% decline in revenue compared to last year.

Vident Advisory LLC cut its stake in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 83.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,318 shares of the company's stock after selling 22,515 shares during the period. Vident Advisory LLC's holdings in Warrior Met Coal were worth $206,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HCC. D. E. Shaw & Co. Inc. increased its stake in shares of Warrior Met Coal by 14.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 58,877 shares of the company's stock worth $3,193,000 after purchasing an additional 7,426 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Warrior Met Coal by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,509 shares of the company's stock valued at $1,601,000 after buying an additional 1,134 shares in the last quarter. Millennium Management LLC bought a new position in Warrior Met Coal during the 4th quarter worth $1,592,000. Numerai GP LLC bought a new position in Warrior Met Coal during the 4th quarter worth $402,000. Finally, Malaga Cove Capital LLC lifted its holdings in shares of Warrior Met Coal by 153.1% during the fourth quarter. Malaga Cove Capital LLC now owns 8,293 shares of the company's stock worth $450,000 after buying an additional 5,017 shares in the last quarter. Institutional investors and hedge funds own 92.28% of the company's stock.

Warrior Met Coal Price Performance

HCC stock traded up $0.23 during mid-day trading on Tuesday, hitting $62.44. The stock had a trading volume of 714,545 shares, compared to its average volume of 695,384. The firm has a fifty day simple moving average of $56.90 and a 200 day simple moving average of $50.42. The firm has a market capitalization of $3.28 billion, a P/E ratio of 81.09 and a beta of 0.74. The company has a current ratio of 4.59, a quick ratio of 3.44 and a debt-to-equity ratio of 0.12. 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 quarterly earnings results on Wednesday, August 6th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of ($0.28) by $0.39. The company had revenue of $297.52 million during the quarter, compared to the consensus estimate of $285.63 million. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. The firm's quarterly revenue was down 25.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.35 EPS. As a group, research analysts forecast that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were paid a $0.08 dividend. The ex-dividend date was Friday, August 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Warrior Met Coal's dividend payout ratio (DPR) is presently 41.56%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on HCC shares. Wall Street Zen downgraded shares of Warrior Met Coal from a "hold" rating to a "sell" rating in a research note on Saturday. B. Riley decreased their target price 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 raised their target price on shares of Warrior Met Coal from $50.00 to $60.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Finally, BMO Capital Markets set a $55.00 price target on shares of Warrior Met Coal and gave the company a "market perform" rating in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $63.50.

Warrior Met Coal 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.