Lloyd Harbor Capital Management LLC Invests $8.41 Million in Warrior Met Coal, Inc. (NYSE:HCC)

Lloyd Harbor Capital Management LLC purchased a new stake in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 155,000 shares of the company's stock, valued at approximately $8,407,000. Warrior Met Coal comprises about 5.5% of Lloyd Harbor Capital Management LLC's portfolio, making the stock its 6th largest holding. Lloyd Harbor Capital Management LLC owned approximately 0.30% of Warrior Met Coal as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of HCC. Price T Rowe Associates Inc. MD raised its position in Warrior Met Coal by 5.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,259,608 shares of the company's stock worth $122,563,000 after purchasing an additional 117,717 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Warrior Met Coal by 272.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,994,301 shares of the company's stock valued at $108,171,000 after acquiring an additional 1,458,279 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Warrior Met Coal by 7.1% during the 4th quarter. American Century Companies Inc. now owns 1,748,274 shares of the company's stock valued at $94,826,000 after buying an additional 115,675 shares during the last quarter. Dalal Street LLC grew its position in Warrior Met Coal by 144.1% during 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 period. Finally, Allianz Asset Management GmbH raised its stake in shares of Warrior Met Coal by 10.1% during the 4th quarter. Allianz Asset Management GmbH now owns 1,378,645 shares of the company's stock worth $74,778,000 after buying an additional 126,911 shares during the period. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Stock Performance

Shares of HCC traded down $0.35 during mid-day trading on Thursday, hitting $47.01. 759,348 shares of the company's stock were exchanged, compared to its average volume of 796,622. The firm has a market capitalization of $2.47 billion, a P/E ratio of 9.81 and a beta of 0.75. The company has a current ratio of 5.20, a quick ratio of 3.99 and a debt-to-equity ratio of 0.09. The business's 50 day moving average is $47.18 and its two-hundred day moving average is $54.41. Warrior Met Coal, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $75.53.

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). The business had revenue of $299.94 million for the quarter, compared to analysts' expectations of $296.39 million. Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. The business's quarterly revenue was down 40.4% on a year-over-year basis. During the same period last year, the company posted $2.63 earnings per share. On average, equities analysts expect that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, May 5th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Monday, May 5th. Warrior Met Coal's payout ratio is currently 15.92%.

Wall Street Analyst Weigh In

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

Warrior Met Coal 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.