Woodline Partners LP Purchases 463,577 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Woodline Partners LP boosted its stake in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 224.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 670,380 shares of the company's stock after buying an additional 463,577 shares during the quarter. Woodline Partners LP owned approximately 1.28% of Warrior Met Coal worth $36,361,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. T. Rowe Price Investment Management Inc. lifted its position in shares of Warrior Met Coal by 272.1% during 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 purchasing an additional 1,458,279 shares in the last quarter. Dalal Street LLC grew its position in Warrior Met Coal by 144.1% in the 4th quarter. Dalal Street LLC now owns 1,704,670 shares of the company's stock worth $92,461,000 after purchasing an additional 1,006,263 shares in the last quarter. Silver Point Capital L.P. purchased a new stake in Warrior Met Coal in the 4th quarter valued at about $34,985,000. Hartree Partners LP bought a new position in shares of Warrior Met Coal during the 4th quarter worth approximately $8,760,000. Finally, Lloyd Harbor Capital Management LLC bought a new position in shares of Warrior Met Coal during the 4th quarter worth approximately $8,407,000. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Stock Performance

NYSE HCC traded up $0.53 during trading on Monday, hitting $45.34. 685,209 shares of the company's stock traded hands, compared to its average volume of 811,082. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 9.47 and a beta of 0.75. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.99 and a current ratio of 5.20. The business has a 50 day moving average of $47.00 and a 200-day moving average of $53.31. Warrior Met Coal, Inc. has a 12-month low of $38.00 and a 12-month high of $75.53.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.16) 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 business had revenue of $299.94 million for the quarter, compared to analysts' expectations of $296.39 million. During the same quarter in the previous year, the company posted $2.63 earnings per share. The business's quarterly revenue was down 40.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, May 5th were issued a dividend of $0.08 per share. 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 15.92%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HCC. B. Riley decreased their price target on Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Benchmark restated a "hold" rating on shares of Warrior Met Coal in a research note on Friday, February 14th. Finally, UBS Group lowered their target price on Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th.

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.