Merewether Investment Management LP Has $26.82 Million Position in Warrior Met Coal, Inc. (NYSE:HCC)

Merewether Investment Management LP reduced its stake in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 37.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 494,481 shares of the company's stock after selling 298,819 shares during the quarter. Merewether Investment Management LP owned approximately 0.95% of Warrior Met Coal worth $26,821,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HCC. Summit Investment Advisors Inc. grew its holdings in shares of Warrior Met Coal by 5.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,424 shares of the company's stock worth $294,000 after purchasing an additional 260 shares during the last quarter. Graham Capital Wealth Management LLC raised its holdings in Warrior Met Coal by 0.6% in the 4th quarter. Graham Capital Wealth Management LLC now owns 47,818 shares of the company's stock valued at $2,594,000 after acquiring an additional 273 shares in the last quarter. Sanctuary Advisors LLC increased its stake in shares of Warrior Met Coal by 2.6% in the fourth quarter. Sanctuary Advisors LLC now owns 10,800 shares of the company's stock valued at $577,000 after buying an additional 276 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Warrior Met Coal by 31.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company's stock valued at $64,000 after purchasing an additional 279 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in Warrior Met Coal by 5.6% in the 4th quarter. HighTower Advisors LLC now owns 5,878 shares of the company's stock valued at $319,000 after buying an additional 314 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Warrior Met Coal Stock Performance

Shares of HCC stock opened at $46.27 on Tuesday. The company has a current ratio of 5.20, a quick ratio of 3.99 and a debt-to-equity ratio of 0.09. Warrior Met Coal, Inc. has a 12 month low of $38.00 and a 12 month high of $75.53. The company has a market cap of $2.43 billion, a P/E ratio of 9.66 and a beta of 0.75. The firm has a fifty day moving average price of $47.16 and a 200 day moving average price of $54.50.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.16) earnings per share 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 during the quarter, compared to analysts' expectations of $296.39 million. During the same period in the prior year, the firm posted $2.63 EPS. Warrior Met Coal's revenue for the quarter was down 40.4% compared to the same quarter last year. Sell-side analysts predict 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 declared a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, May 5th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Monday, May 5th. Warrior Met Coal's dividend payout ratio is currently 15.92%.

Analyst Ratings Changes

Several research firms have weighed in on HCC. Benchmark reaffirmed a "hold" rating on shares of Warrior Met Coal in a report on Friday, February 14th. UBS Group decreased their target price on Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Finally, B. Riley decreased their price objective on Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating for the company in a report on Friday, April 11th.

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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