Wexford Capital LP Purchases Shares of 72,336 Warrior Met Coal, Inc. (NYSE:HCC)

Wexford Capital LP bought a new stake in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 72,336 shares of the company's stock, valued at approximately $3,924,000. Warrior Met Coal comprises approximately 0.6% of Wexford Capital LP's holdings, making the stock its 28th largest holding. Wexford Capital LP owned 0.14% of Warrior Met Coal at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in HCC. T. Rowe Price Investment Management Inc. raised its holdings in shares of Warrior Met Coal by 272.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,994,301 shares of the company's stock valued at $108,171,000 after buying an additional 1,458,279 shares during the last quarter. Dalal Street LLC raised its holdings in shares of Warrior Met Coal by 144.1% in the fourth quarter. Dalal Street LLC now owns 1,704,670 shares of the company's stock valued at $92,461,000 after buying an additional 1,006,263 shares during the last quarter. Silver Point Capital L.P. purchased a new stake in shares of Warrior Met Coal in the fourth quarter valued at about $34,985,000. Hartree Partners LP purchased a new stake in shares of Warrior Met Coal in the fourth quarter valued at about $8,760,000. Finally, Lloyd Harbor Capital Management LLC purchased a new stake in shares of Warrior Met Coal in the fourth quarter valued at about $8,407,000. 92.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Benchmark reissued a "hold" rating on shares of Warrior Met Coal in a report on Friday, February 14th. B. Riley cut their price target on shares of Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating for the company in a report on Friday, April 11th. Finally, UBS Group cut their price target on shares of Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th.

Warrior Met Coal Stock Performance

NYSE HCC traded up $0.53 during trading hours on Friday, hitting $45.34. 685,209 shares of the stock were exchanged, compared to its average volume of 808,818. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 9.47 and a beta of 0.75. Warrior Met Coal, Inc. has a 12-month low of $38.00 and a 12-month high of $75.53. The stock has a 50-day moving average of $47.00 and a 200 day moving average of $53.60. The company has a quick ratio of 3.99, a current ratio of 5.20 and a debt-to-equity ratio of 0.09.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.11). Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. The company had revenue of $299.94 million during the quarter, compared to analysts' expectations of $296.39 million. During the same period last year, the business posted $2.63 earnings per share. The company's quarterly revenue was down 40.4% on a year-over-year basis. As a group, equities research analysts forecast that Warrior Met Coal, Inc. 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 Monday, May 12th. Shareholders of record on Monday, May 5th were issued a $0.08 dividend. The ex-dividend date was Monday, May 5th. This represents a $0.32 dividend on an annualized basis and a yield of 0.71%. Warrior Met Coal's dividend payout ratio (DPR) is presently 15.92%.

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.