Warrior Met Coal $HCC Position Lifted by High Ground Investment Management LLP

Key Points

• High Ground Investment Management LLP increased its stake in Warrior Met Coal by 10.2%, making it their 5th largest position, with a total of 294,059 shares valued at approximately $13.5 million.
• A range of large investors, including Adage Capital Partners and Victory Capital Management, significantly boosted their holdings in Warrior Met Coal during the first quarter, highlighting growing institutional interest.
• Warrior Met Coal has seen mixed analyst ratings, with a recent downgrade to "sell" by Wall Street Zen, while others set price targets ranging from $55.00 to $74.00, reflecting cautious sentiment in the market.

High Ground Investment Management LLP grew its holdings in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 10.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 294,059 shares of the company's stock after purchasing an additional 27,278 shares during the quarter. Warrior Met Coal makes up about 2.8% of High Ground Investment Management LLP's investment portfolio, making the stock its 5th biggest position. High Ground Investment Management LLP owned 0.56% of Warrior Met Coal worth $13,477,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in HCC. L1 Capital Pty Ltd purchased a new position in shares of Warrior Met Coal during the 1st quarter worth $34,278,000. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Warrior Met Coal by 412.5% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 820,000 shares of the company's stock valued at $39,130,000 after purchasing an additional 660,000 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Warrior Met Coal by 1,918.4% in the 1st quarter. Victory Capital Management Inc. now owns 680,515 shares of the company's stock valued at $32,474,000 after purchasing an additional 646,799 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Warrior Met Coal by 18.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,361,627 shares of the company's stock valued at $112,697,000 after purchasing an additional 367,326 shares during the last quarter. Finally, Woodline Partners LP boosted its holdings in shares of Warrior Met Coal by 33.5% in the 1st quarter. Woodline Partners LP now owns 894,938 shares of the company's stock valued at $42,706,000 after purchasing an additional 224,558 shares during the last quarter. Hedge funds and other institutional investors own 92.28% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HCC. Wall Street Zen lowered shares of Warrior Met Coal from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. 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 report 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 target price on shares of Warrior Met Coal from $50.00 to $60.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Warrior Met Coal currently has an average rating of "Hold" and an average price target of $63.50.

Warrior Met Coal Stock Performance

Shares of HCC stock opened at $61.95 on Wednesday. The company's fifty day simple moving average is $58.08 and its 200-day simple moving average is $50.93. Warrior Met Coal has a 52 week low of $38.00 and a 52 week high of $75.15. The company has a current ratio of 4.59, a quick ratio of 3.44 and a debt-to-equity ratio of 0.12. The company has a market cap of $3.26 billion, a PE ratio of 80.45 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 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $285.63 million. During the same quarter last year, the firm posted $1.35 EPS. The business's revenue for the quarter was down 25.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were paid 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 yield of 0.5%. Warrior Met Coal's 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.