Warrior Met Coal $HCC Stake Decreased by Hartree Partners LP

Key Points

• Hartree Partners LP reduced its stake in Warrior Met Coal by 21.9% in the first quarter, selling 35,302 shares to hold 126,211 shares, representing around 2.2% of its portfolio.
• Warrior Met Coal announced a quarterly dividend of $0.08, with an annualized basis yield of 0.5%, reflecting a dividend payout ratio of 41.56%.
• Despite a revenue decline of 25.0% year-over-year, the company beat analysts' earnings expectations with $0.11 EPS for the quarter, surpassing the consensus estimate of (0.28).

Hartree Partners LP reduced its stake in Warrior Met Coal (NYSE:HCC - Free Report) by 21.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,211 shares of the company's stock after selling 35,302 shares during the period. Warrior Met Coal makes up about 2.2% of Hartree Partners LP's investment portfolio, making the stock its 15th biggest holding. Hartree Partners LP owned approximately 0.24% of Warrior Met Coal worth $6,023,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Covestor Ltd increased its holdings 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 purchasing an additional 335 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of 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 valued at $142,000 after acquiring an additional 2,894 shares in 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 grew its stake 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 valued at $162,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Significant Wealth Partners LLC grew its stake in shares of Warrior Met Coal by 26.5% during the first quarter. Significant Wealth Partners LLC now owns 5,005 shares of the company's stock valued at $239,000 after acquiring an additional 1,049 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on HCC shares. BMO Capital Markets set a $55.00 target price on Warrior Met Coal and gave the company a "market perform" rating in a research note on Thursday, August 7th. UBS Group raised their target price on Warrior Met Coal from $50.00 to $60.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Finally, B. Riley lowered their target price on 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. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $63.50.

Warrior Met Coal Stock Performance

HCC stock traded down $0.42 during midday trading on Wednesday, reaching $59.06. The company had a trading volume of 437,899 shares, compared to its average volume of 991,672. The company has a quick ratio of 3.44, a current ratio of 4.59 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average price of $52.98 and a 200 day moving average price of $49.53. Warrior Met Coal has a fifty-two week low of $38.00 and a fifty-two week high of $75.15. The firm has a market capitalization of $3.10 billion, a PE ratio of 76.70 and a beta of 0.69.

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 return on equity of 2.26% and a net margin of 3.30%.The company had revenue of $297.52 million during the quarter, compared to the consensus estimate of $285.63 million. During the same period in the previous year, the firm posted $1.35 earnings per share. Warrior Met Coal's quarterly revenue was down 25.0% compared to the same quarter last year. Analysts anticipate that Warrior Met Coal will post 4.86 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently declared 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. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, August 8th. Warrior Met Coal's payout ratio is 41.56%.

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.