Warrior Met Coal $HCC Stake Boosted by Old West Investment Management LLC

Key Points

• Old West Investment Management LLC has increased its stake in Warrior Met Coal by 100% in Q1, owning 71,000 shares valued at approximately $3.39 million.
• Analysts have set varied price targets for Warrior Met Coal, with UBS Group increasing its target from $50.00 to $60.00, while B. Riley decreased theirs from $76.00 to $74.00; the current consensus target price is $63.50.
• Warrior Met Coal recently reported a quarterly EPS of $0.11, beating analysts’ estimates, and declared a quarterly dividend of $0.08 per share, resulting in an annualized yield of 0.5%.

Old West Investment Management LLC grew its stake in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 100.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,000 shares of the company's stock after purchasing an additional 35,500 shares during the quarter. Warrior Met Coal makes up 1.2% of Old West Investment Management LLC's portfolio, making the stock its 24th largest holding. Old West Investment Management LLC owned about 0.14% of Warrior Met Coal worth $3,388,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. grew its holdings in shares of Warrior Met Coal by 18.4% during the first 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. Price T Rowe Associates Inc. MD grew its holdings in Warrior Met Coal by 5.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,259,608 shares of the company's stock worth $122,563,000 after buying an additional 117,717 shares in the last quarter. 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 worth $90,536,000 after buying an additional 148,968 shares in the last quarter. Dalal Street LLC grew its holdings in Warrior Met Coal by 5.6% in the 1st quarter. Dalal Street LLC now owns 1,799,580 shares of the company's stock worth $85,876,000 after buying an additional 94,910 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in Warrior Met Coal by 4.7% in the 1st quarter. Allianz Asset Management GmbH now owns 1,442,933 shares of the company's stock worth $68,857,000 after buying an additional 64,288 shares in the last quarter. 92.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. UBS Group increased their price objective on Warrior Met Coal from $50.00 to $60.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. BMO Capital Markets set a $55.00 price objective on Warrior Met Coal and gave the stock a "market perform" rating in a report on Thursday, August 7th. Finally, B. Riley decreased their price objective on Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating for the company in a report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $63.50.

Warrior Met Coal Stock Performance

Shares of NYSE HCC opened at $59.3960 on Monday. The stock has a fifty day moving average price of $52.46 and a two-hundred day moving average price of $49.40. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.44 and a current ratio of 4.59. The firm has a market cap of $3.12 billion, a P/E ratio of 77.14 and a beta of 0.69. 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 issued its quarterly 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. The firm had revenue of $297.52 million during the quarter, compared to analyst estimates of $285.63 million. Warrior Met Coal had a return on equity of 2.26% and a net margin of 3.30%.The firm's quarterly revenue was down 25.0% on a year-over-year basis. During the same period last year, the company posted $1.35 EPS. Research analysts forecast that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 8th. Warrior Met Coal's dividend payout ratio (DPR) is presently 41.56%.

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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