Rhumbline Advisers Has $6.94 Million Position in Warrior Met Coal $HCC

Key Points

• Rhumbline Advisers decreased its stake in Warrior Met Coal by 6.1% during Q1 2023, bringing its total shares to 145,418, valued at approximately $6.9 million.
• Multiple hedge funds adjusted their holdings in Warrior Met Coal, with T. Rowe Price increasing its stake by 18.4% to over 2.36 million shares, valued at around $112.7 million.
• The company reported a quarterly EPS of $0.11, exceeding expectations, but its revenue fell 25% year-over-year to $297.52 million.

Rhumbline Advisers lessened its stake in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 6.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,418 shares of the company's stock after selling 9,376 shares during the quarter. Rhumbline Advisers owned approximately 0.28% of Warrior Met Coal worth $6,939,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. grew its holdings in 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 buying an additional 367,326 shares during the period. American Century Companies Inc. grew its holdings in Warrior Met Coal by 8.5% in the 1st quarter. American Century Companies Inc. now owns 1,897,242 shares of the company's stock valued at $90,536,000 after buying an additional 148,968 shares during the period. Dalal Street LLC grew its holdings in shares of Warrior Met Coal by 5.6% during the 1st quarter. Dalal Street LLC now owns 1,799,580 shares of the company's stock worth $85,876,000 after purchasing an additional 94,910 shares during the period. Allianz Asset Management GmbH grew its holdings in shares of Warrior Met Coal by 4.7% during the 1st quarter. Allianz Asset Management GmbH now owns 1,442,933 shares of the company's stock worth $68,857,000 after purchasing an additional 64,288 shares during the period. Finally, Woodline Partners LP grew its holdings in shares of Warrior Met Coal by 33.5% during the 1st quarter. Woodline Partners LP now owns 894,938 shares of the company's stock worth $42,706,000 after purchasing an additional 224,558 shares during the period. Hedge funds and other institutional investors own 92.28% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on HCC shares. B. Riley reduced their price target on 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. UBS Group boosted their price target on Warrior Met Coal from $50.00 to $60.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Wall Street Zen lowered Warrior Met Coal from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, BMO Capital Markets set a $55.00 target price on 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 given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $63.50.

Warrior Met Coal Trading Down 2.2%

Shares of NYSE HCC traded down $1.32 during mid-day trading on Friday, hitting $57.91. 511,325 shares of the company traded hands, compared to its average volume of 669,311. Warrior Met Coal has a 1 year low of $38.00 and a 1 year high of $75.15. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 75.21 and a beta of 0.74. 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 business has a 50 day moving average of $56.37 and a two-hundred day moving average of $50.24.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.11 earnings per share (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 firm had revenue of $297.52 million for the quarter, compared to analyst estimates of $285.63 million. During the same quarter last year, the firm posted $1.35 EPS. The company's revenue was down 25.0% on a year-over-year basis. On average, sell-side analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders 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 0.6%. Warrior Met Coal's payout ratio is presently 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.