Warrior Met Coal $HCC Stock Position Trimmed by Vident Advisory LLC

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

A number of other hedge funds also recently made changes to their positions in HCC. Covestor Ltd boosted its stake in shares of Warrior Met Coal by 14.6% in the first quarter. Covestor Ltd now owns 2,622 shares of the company's stock valued at $125,000 after purchasing an additional 335 shares during the period. Farther Finance Advisors LLC boosted its position in Warrior Met Coal by 5,565.4% in the 1st quarter. Farther Finance Advisors LLC now owns 2,946 shares of the company's stock valued at $142,000 after buying an additional 2,894 shares during the last quarter. KBC Group NV grew its stake in shares of Warrior Met Coal by 41.8% during the first quarter. KBC Group NV now owns 3,033 shares of the company's stock valued at $145,000 after acquiring an additional 894 shares in the last quarter. FNY Investment Advisers LLC increased its position in shares of Warrior Met Coal by 325.0% during the first quarter. FNY Investment Advisers LLC now owns 3,400 shares of the company's stock worth $162,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Significant Wealth Partners LLC lifted its stake in shares of Warrior Met Coal by 26.5% in the first quarter. Significant Wealth Partners LLC now owns 5,005 shares of the company's stock worth $239,000 after acquiring an additional 1,049 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on HCC. Wall Street Zen downgraded Warrior Met Coal from a "hold" rating to a "sell" rating in a report on Saturday. B. Riley dropped their price target 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. 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 report on Thursday, August 7th. Finally, UBS Group raised their price objective 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. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $63.50.

Warrior Met Coal Stock Performance

HCC stock traded down $1.32 during trading on Friday, hitting $57.91. 511,325 shares of the company's stock traded hands, compared to its average volume of 681,427. The stock has a fifty day moving average price of $56.37 and a two-hundred day moving average price of $50.24. The company has a quick ratio of 3.44, a current ratio of 4.59 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. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 75.21 and a beta of 0.74.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.28) by $0.39. The business had revenue of $297.52 million during the quarter, compared to analyst estimates of $285.63 million. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. The company's quarterly revenue was down 25.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.35 EPS. As a group, equities analysts anticipate that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.6%. Warrior Met Coal's dividend payout ratio is 41.56%.

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.