Woodline Partners LP Raises Holdings in Warrior Met Coal $HCC

Key Points

• Woodline Partners LP has increased its stake in Warrior Met Coal by 33.5%, acquiring an additional 224,558 shares during the 1st quarter, now holding approximately 1.70% of the company valued at $42.7 million.
• Research analysts have raised their price targets for the stock, with UBS increasing its target from $50 to $60, and B. Riley adjusting their target down to $74 while maintaining a "buy" rating.
• Warrior Met Coal reported earnings of $0.11 per share for the quarter, exceeding analyst expectations, despite a year-over-year revenue decline of 25% compared to the previous year.

Woodline Partners LP boosted its stake in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 33.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 894,938 shares of the company's stock after purchasing an additional 224,558 shares during the quarter. Woodline Partners LP owned approximately 1.70% of Warrior Met Coal worth $42,706,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Empowered Funds LLC increased its holdings in Warrior Met Coal by 10.9% during the 1st quarter. Empowered Funds LLC now owns 256,380 shares of the company's stock worth $12,234,000 after purchasing an additional 25,153 shares during the period. Financial Strategies Group Inc. increased its holdings in Warrior Met Coal by 38.2% during the 1st quarter. Financial Strategies Group Inc. now owns 19,676 shares of the company's stock worth $931,000 after purchasing an additional 5,435 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Warrior Met Coal by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,860 shares of the company's stock worth $1,473,000 after purchasing an additional 1,351 shares during the period. Integrated Wealth Concepts LLC increased its holdings in Warrior Met Coal by 34.1% during the 1st quarter. Integrated Wealth Concepts LLC now owns 68,586 shares of the company's stock worth $3,273,000 after purchasing an additional 17,438 shares during the period. Finally, 683 Capital Management LLC increased its holdings in Warrior Met Coal by 18.2% during the 1st quarter. 683 Capital Management LLC now owns 65,000 shares of the company's stock worth $3,102,000 after purchasing an additional 10,000 shares during the period. Hedge funds and other institutional investors own 92.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HCC shares. UBS Group increased their price objective on Warrior Met Coal from $50.00 to $60.00 and gave the company 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 company a "market perform" rating in a report on Thursday, August 7th. B. Riley dropped their price objective on Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. Finally, Wall Street Zen upgraded Warrior Met Coal from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $63.50.

Warrior Met Coal Trading Up 0.4%

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

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.28) by $0.39. The firm had revenue of $297.52 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.35 EPS. On average, research analysts anticipate that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors 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 was Friday, August 8th. Warrior Met Coal's dividend payout ratio (DPR) is currently 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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