Warrior Met Coal $HCC Stock Holdings Lifted by Empowered Funds LLC

Key Points

• Empowered Funds LLC increased its stake in Warrior Met Coal by 10.9%, owning 256,380 shares worth approximately $12.23 million following new acquisitions.
• Institutional investors hold a significant majority, with 92.28% of Warrior Met Coal's shares owned by various hedge funds and institutional investors.
• Warrior Met Coal recently reported earnings of $0.11 per share, surpassing expectations despite a 25% decline in revenue compared to the previous year.

Empowered Funds LLC increased its position in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 10.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 256,380 shares of the company's stock after acquiring an additional 25,153 shares during the quarter. Empowered Funds LLC owned 0.49% of Warrior Met Coal worth $12,234,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HCC. L1 Capital Pty Ltd purchased a new position in Warrior Met Coal during the 1st quarter worth approximately $34,278,000. Adage Capital Partners GP L.L.C. boosted its position in shares of Warrior Met Coal by 412.5% in the first quarter. Adage Capital Partners GP L.L.C. now owns 820,000 shares of the company's stock worth $39,130,000 after buying an additional 660,000 shares during the period. Victory Capital Management Inc. boosted its position in shares of Warrior Met Coal by 1,918.4% in the first quarter. Victory Capital Management Inc. now owns 680,515 shares of the company's stock worth $32,474,000 after buying an additional 646,799 shares during the period. Silver Point Capital L.P. purchased a new position in shares of Warrior Met Coal during the fourth quarter valued at $34,985,000. Finally, Woodline Partners LP raised its position in Warrior Met Coal by 224.2% during the fourth quarter. Woodline Partners LP now owns 670,380 shares of the company's stock valued at $36,361,000 after buying an additional 463,577 shares during the period. Institutional investors and hedge funds own 92.28% of the company's stock.

Warrior Met Coal Trading Up 0.4%

Shares of NYSE HCC opened at $58.29 on Wednesday. The business has a 50 day simple moving average of $55.86 and a 200 day simple moving average of $50.07. Warrior Met Coal has a 52 week low of $38.00 and a 52 week high of $75.15. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 75.70 and a beta of 0.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.44 and a current ratio of 4.59.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted 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. The firm had revenue of $297.52 million during the quarter, compared to analysts' expectations 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 revenue was down 25.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.35 earnings per share. On average, research analysts predict that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were paid a $0.08 dividend. This represents a $0.32 annualized dividend 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 presently 41.56%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HCC shares. UBS Group raised their price objective 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. BMO Capital Markets set a $55.00 price target on shares of Warrior Met Coal and gave the stock a "market perform" rating in a report on Thursday, August 7th. 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. Finally, B. Riley dropped their price objective on shares of Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target 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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