Warrior Met Coal $HCC Holdings Boosted by O Keefe Stevens Advisory Inc.

Key Points

• O Keefe Stevens Advisory Inc. increased its stake in Warrior Met Coal by 4.2%, becoming its 9th largest position, and now owns approximately 0.55% of the company valued at about $13.2 million.
• Analysts have mixed views on Warrior Met Coal, with Zacks raising its rating to "hold," while B. Riley reduced its price target from $76.00 to $74.00 but still maintained a "buy" rating.
• Warrior Met Coal recently announced a quarterly dividend of $0.08 per share, representing an annualized yield of 0.5% with a dividend payout ratio of 41.56%.

O Keefe Stevens Advisory Inc. raised its stake in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 4.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 287,526 shares of the company's stock after purchasing an additional 11,506 shares during the period. Warrior Met Coal accounts for 3.7% of O Keefe Stevens Advisory Inc.'s holdings, making the stock its 9th biggest position. O Keefe Stevens Advisory Inc. owned about 0.55% of Warrior Met Coal worth $13,177,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in Warrior Met Coal by 23.1% during the second quarter. GAMMA Investing LLC now owns 1,346 shares of the company's stock valued at $62,000 after purchasing an additional 253 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in Warrior Met Coal by 2.5% during the first quarter. SummerHaven Investment Management LLC now owns 11,350 shares of the company's stock valued at $542,000 after purchasing an additional 272 shares in the last quarter. Covestor Ltd lifted 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 worth $125,000 after buying an additional 335 shares in the last quarter. BTC Capital Management Inc. lifted its stake in shares of Warrior Met Coal by 4.8% in the second quarter. BTC Capital Management Inc. now owns 9,753 shares of the company's stock worth $445,000 after buying an additional 444 shares in the last quarter. Finally, KBC Group NV lifted its stake 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 worth $145,000 after buying an additional 894 shares in the last quarter. 92.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HCC shares. Zacks Research raised shares of Warrior Met Coal from a "strong sell" rating to a "hold" rating in a research note on Monday, September 22nd. Weiss Ratings reissued a "hold (c-)" rating on shares of Warrior Met Coal in a research note on Saturday, September 27th. 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 note on Tuesday, July 22nd. 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. Finally, BMO Capital Markets set a $55.00 price target on shares of Warrior Met Coal and gave the stock a "market perform" rating in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $63.50.

Warrior Met Coal Price Performance

Warrior Met Coal stock opened at $64.16 on Friday. Warrior Met Coal has a 12-month low of $38.00 and a 12-month high of $75.15. The stock has a market cap of $3.37 billion, a P/E ratio of 83.32 and a beta of 0.78. The company has a 50-day moving average price of $59.46 and a 200 day moving average price of $51.80. 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 (NYSE:HCC - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $297.52 million during the quarter, compared to analysts' expectations of $285.63 million. During the same period last year, the business earned $1.35 earnings per share. Warrior Met Coal's revenue was down 25.0% compared to the same quarter last year. Sell-side analysts anticipate that Warrior Met Coal will post 4.86 earnings per share 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 given a dividend of $0.08 per share. The ex-dividend date was Friday, August 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Warrior Met Coal's dividend payout ratio (DPR) is currently 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.

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