Integrated Wealth Concepts LLC Increases Holdings in Warrior Met Coal $HCC

Key Points

• Integrated Wealth Concepts LLC increased its stake in Warrior Met Coal by 34.1% during the 1st quarter, owning 68,586 shares worth approximately $3.27 million.
• Warrior Met Coal reported a net margin of 3.30% and an earnings per share (EPS) of $0.11, beating analysts' expectations by $0.39.
• The company recently declared a quarterly dividend of $0.08, with an annualized yield of 0.5%, indicating a payout ratio of 41.56%.

Integrated Wealth Concepts LLC increased its position in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 34.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,586 shares of the company's stock after buying an additional 17,438 shares during the period. Integrated Wealth Concepts LLC owned about 0.13% of Warrior Met Coal worth $3,273,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. L1 Capital Pty Ltd purchased a new position in Warrior Met Coal during the 1st quarter valued at about $34,278,000. Adage Capital Partners GP L.L.C. boosted its stake in shares of Warrior Met Coal by 412.5% during the first 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 in the last quarter. Victory Capital Management Inc. increased its holdings in Warrior Met Coal by 1,918.4% during the first quarter. Victory Capital Management Inc. now owns 680,515 shares of the company's stock valued at $32,474,000 after buying an additional 646,799 shares during the period. Silver Point Capital L.P. bought a new position in Warrior Met Coal in the fourth quarter worth approximately $34,985,000. Finally, Woodline Partners LP lifted its holdings in Warrior Met Coal by 224.2% during the fourth quarter. Woodline Partners LP now owns 670,380 shares of the company's stock worth $36,361,000 after buying an additional 463,577 shares during the period. 92.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HCC has been the subject of a number of analyst reports. UBS Group upped their price objective on Warrior Met Coal from $50.00 to $60.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. B. Riley decreased their price target on shares of Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating for the company in a research report on Tuesday, July 22nd. BMO Capital Markets set a $55.00 price objective on shares of Warrior Met Coal and gave the stock a "market perform" rating in a research report on Thursday, August 7th. Finally, Wall Street Zen raised shares of Warrior Met Coal from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $63.50.

Warrior Met Coal Stock Down 2.2%

Shares of HCC traded down $1.33 during mid-day trading on Friday, hitting $57.90. 253,859 shares of the company traded hands, compared to its average volume of 974,368. The company has a market capitalization of $3.04 billion, a PE ratio of 75.18 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 $56.21 and a 200 day moving average of $50.19. Warrior Met Coal has a 1-year low of $38.00 and a 1-year high of $75.15.

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 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 company had revenue of $297.52 million for the quarter, compared to the consensus estimate of $285.63 million. During the same quarter in the previous year, the firm earned $1.35 EPS. Warrior Met Coal's revenue was down 25.0% compared to the same quarter last year. Equities research analysts anticipate that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend 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 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.