Empowered Funds LLC Increases Position in Warrior Met Coal $HCC

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 stake in Warrior Met Coal (NYSE:HCC - Free Report) by 10.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 256,380 shares of the company's stock after acquiring an additional 25,153 shares during the period. Empowered Funds LLC owned approximately 0.49% of Warrior Met Coal worth $12,234,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Covestor Ltd grew its position in Warrior Met Coal by 14.6% in the first quarter. Covestor Ltd now owns 2,622 shares of the company's stock worth $125,000 after acquiring an additional 335 shares in the last quarter. Farther Finance Advisors LLC grew its position in Warrior Met Coal by 5,565.4% in the first quarter. Farther Finance Advisors LLC now owns 2,946 shares of the company's stock worth $142,000 after acquiring an additional 2,894 shares in the last quarter. KBC Group NV grew its position in Warrior Met Coal by 41.8% in the first quarter. KBC Group NV now owns 3,033 shares of the company's stock worth $145,000 after acquiring an additional 894 shares in the last quarter. FNY Investment Advisers LLC grew its position in Warrior Met Coal by 325.0% in the first quarter. FNY Investment Advisers LLC now owns 3,400 shares of the company's stock worth $162,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Significant Wealth Partners LLC grew its position in Warrior Met Coal by 26.5% in the first quarter. Significant Wealth Partners LLC now owns 5,005 shares of the company's stock worth $239,000 after acquiring an additional 1,049 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company's stock.

Analysts Set New Price Targets

HCC has been the subject of several recent research reports. UBS Group lifted 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. 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. Finally, B. Riley dropped their target price on 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. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $63.50.

Warrior Met Coal Stock Up 5.6%

NYSE:HCC traded up $3.26 during trading hours on Monday, reaching $61.13. The company's stock had a trading volume of 394,954 shares, compared to its average volume of 972,517. The company has a market capitalization of $3.21 billion, a P/E ratio of 79.39 and a beta of 0.74. Warrior Met Coal has a 12 month low of $38.00 and a 12 month high of $75.15. 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 stock has a 50 day moving average price of $56.37 and a two-hundred day moving average price of $50.24.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of ($0.28) by $0.39. The company had revenue of $297.52 million during the quarter, compared to the consensus estimate of $285.63 million. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. Warrior Met Coal's revenue for the quarter was down 25.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.35 earnings per share. Equities analysts predict that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

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