Warrior Met Coal $HCC Shares Acquired by Comerica Bank

Key Points

• Comerica Bank increased its stake in Warrior Met Coal by 29.8% during the first quarter, owning a total of 27,009 shares valued at approximately $1.29 million.
• Warrior Met Coal reported a 25% decline in quarterly revenue year-over-year, earning $0.11 EPS, surpassing consensus estimates of ($0.28).
• The company announced a quarterly dividend of $0.08 per share, reflecting an annualized yield of 0.6% with a payout ratio of 41.56%.

Comerica Bank lifted its position in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 29.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,009 shares of the company's stock after acquiring an additional 6,197 shares during the quarter. Comerica Bank owned 0.05% of Warrior Met Coal worth $1,289,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in HCC. Covestor Ltd grew its position in Warrior Met Coal by 14.6% during the first quarter. Covestor Ltd now owns 2,622 shares of the company's stock worth $125,000 after buying an additional 335 shares during the period. Farther Finance Advisors LLC grew its position in Warrior Met Coal by 5,565.4% during the first quarter. Farther Finance Advisors LLC now owns 2,946 shares of the company's stock worth $142,000 after buying an additional 2,894 shares during the period. KBC Group NV grew its position in Warrior Met Coal by 41.8% during 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 during the period. FNY Investment Advisers LLC grew its position in 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 buying an additional 2,600 shares during the period. Finally, Significant Wealth Partners LLC grew its position in Warrior Met Coal by 26.5% during the first quarter. Significant Wealth Partners LLC now owns 5,005 shares of the company's stock worth $239,000 after buying an additional 1,049 shares during the period. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Warrior Met Coal Stock Down 1.0%

HCC stock opened at $55.13 on Friday. The company's 50 day simple moving average is $55.00 and its 200-day simple moving average is $49.84. The firm has a market capitalization of $2.90 billion, a PE ratio of 71.60 and a beta of 0.74. Warrior Met Coal has a 12 month low of $38.00 and a 12 month 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.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released 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 for 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 prior year, the business earned $1.35 earnings per share. Equities analysts expect that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently disclosed 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 dividend yield of 0.6%. Warrior Met Coal's dividend payout ratio is presently 41.56%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. UBS Group upped their target price 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. B. Riley lowered 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. 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 company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $63.50.

About Warrior Met Coal

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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