Voya Investment Management LLC Has $663,000 Stock Holdings in Warrior Met Coal $HCC

Key Points

• Voya Investment Management LLC reduced its stake in Warrior Met Coal by 23.8% in the first quarter, now holding shares valued at $663,000.
• Various institutional investors increased their positions in Warrior Met Coal significantly, with notable growth from Farther Finance Advisors LLC by 5,565.4% during the same period.
• Warrior Met Coal recently announced a quarterly dividend of $0.08 per share, resulting in an annualized yield of 0.5%.

Voya Investment Management LLC lessened its stake in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 23.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,892 shares of the company's stock after selling 4,346 shares during the period. Voya Investment Management LLC's holdings in Warrior Met Coal were worth $663,000 as of its most recent SEC filing.

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

Warrior Met Coal Stock Up 3.1%

HCC opened at $64.33 on Friday. Warrior Met Coal has a fifty-two week low of $38.00 and a fifty-two week high of $75.15. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.59 and a quick ratio of 3.44. The firm's fifty day moving average price is $58.57 and its two-hundred day moving average price is $51.13. The company has a market capitalization of $3.38 billion, a P/E ratio of 83.55 and a beta of 0.74.

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 for the quarter, beating the consensus estimate of ($0.28) by $0.39. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. The business had revenue of $297.52 million for the quarter, compared to analyst estimates of $285.63 million. During the same period in the previous year, the business earned $1.35 EPS. The firm's revenue was down 25.0% on a year-over-year basis. On average, analysts anticipate that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 8th. Warrior Met Coal's payout ratio is presently 41.56%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Zacks Research raised Warrior Met Coal from a "strong sell" rating to a "hold" rating in a report on Monday. 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. Wall Street Zen downgraded shares of Warrior Met Coal from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. UBS Group raised their price target on shares of Warrior Met Coal from $50.00 to $60.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Finally, B. Riley decreased their price target 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. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $63.50.

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.

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