Wellington Management Group LLP Acquires 55,904 Shares of Warrior Met Coal $HCC

Key Points

• Wellington Management Group LLP increased its holdings in Warrior Met Coal by 45.9% in Q1, acquiring additional 55,904 shares to own a total of 177,574 shares valued at approximately $8.47 million.
• The company has recently reported earnings of $0.11 per share, significantly surpassing analyst expectations, although revenue has declined by 25% year-over-year to $297.52 million.
• Warrior Met Coal also announced a quarterly dividend of $0.08 per share, with a current dividend yield of 0.5% and a payout ratio of 41.56%.

Wellington Management Group LLP lifted its stake in Warrior Met Coal (NYSE:HCC - Free Report) by 45.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 177,574 shares of the company's stock after acquiring an additional 55,904 shares during the quarter. Wellington Management Group LLP owned approximately 0.34% of Warrior Met Coal worth $8,474,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of HCC. Victory Capital Management Inc. increased its stake 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 acquiring an additional 646,799 shares during the last quarter. Silver Point Capital L.P. acquired a new position in shares of Warrior Met Coal in the fourth quarter worth $34,985,000. Woodline Partners LP increased its stake in shares of Warrior Met Coal by 224.2% in the fourth quarter. Woodline Partners LP now owns 670,380 shares of the company's stock worth $36,361,000 after acquiring an additional 463,577 shares during the last quarter. Lloyd Harbor Capital Management LLC acquired a new position in shares of Warrior Met Coal in the fourth quarter worth $8,407,000. Finally, American Century Companies Inc. increased its stake in shares of Warrior Met Coal by 8.5% in the first quarter. American Century Companies Inc. now owns 1,897,242 shares of the company's stock worth $90,536,000 after acquiring an additional 148,968 shares during the last quarter. 92.28% of the stock is owned by institutional investors and hedge funds.

Warrior Met Coal Stock Performance

Shares of NYSE:HCC traded up $2.49 during midday trading on Friday, hitting $61.34. The company's stock had a trading volume of 617,259 shares, compared to its average volume of 920,063. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 67.93 and a beta of 0.74. The stock's 50 day simple moving average is $53.82 and its 200 day simple moving average is $49.66. Warrior Met Coal has a fifty-two week low of $38.00 and a fifty-two week 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.

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, beating 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 business had revenue of $297.52 million during the quarter, compared to analysts' expectations of $285.63 million. During the same quarter last year, the company earned $1.35 earnings per share. The firm's revenue was down 25.0% on a year-over-year basis. As a group, research analysts anticipate that Warrior Met Coal will post 4.86 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The business also recently announced 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 was Friday, August 8th. Warrior Met Coal's dividend payout ratio (DPR) is presently 41.56%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on HCC shares. B. Riley lowered their target price on shares of 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 increased their target price on shares of Warrior Met Coal from $50.00 to $60.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Finally, BMO Capital Markets set a $55.00 target price on shares of Warrior Met Coal and gave the stock a "market perform" rating in a research report on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price 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.