Russell Investments Group Ltd. Has $4.30 Million Position in Warrior Met Coal $HCC

Russell Investments Group Ltd. boosted its holdings in Warrior Met Coal (NYSE:HCC) by 29.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,067 shares of the company’s stock after purchasing an additional 20,235 shares during the quarter. Russell Investments Group Ltd.’s holdings in Warrior Met Coal were worth $4,298,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of HCC. T. Rowe Price Investment Management Inc. grew its position in 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 purchasing an additional 1,458,279 shares during the period. Victory Capital Management Inc. grew its position in Warrior Met Coal by 1,918.4% in the 1st quarter. Victory Capital Management Inc. now owns 680,515 shares of the company’s stock valued at $32,474,000 after purchasing an additional 646,799 shares during the period. Silver Point Capital L.P. purchased a new position in Warrior Met Coal during the 4th quarter worth $34,985,000. Woodline Partners LP boosted its holdings in Warrior Met Coal by 224.2% during the 4th quarter. Woodline Partners LP now owns 670,380 shares of the company’s stock worth $36,361,000 after acquiring an additional 463,577 shares during the last quarter. Finally, Lloyd Harbor Capital Management LLC purchased a new position in Warrior Met Coal during the 4th quarter worth $8,407,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Analysts Set New Price Targets

HCC has been the topic of a number of analyst reports. B. Riley cut their price objective on shares of Warrior Met Coal from $76.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday, July 22nd. BMO Capital Markets set a $55.00 price objective on shares of Warrior Met Coal and gave the stock a “market perform” rating in a report on Thursday, August 7th. Finally, UBS Group lifted their price objective on shares of Warrior Met Coal from $50.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $63.50.

Warrior Met Coal Price Performance

Shares of NYSE:HCC opened at $59.3960 on Friday. The company’s 50-day moving average is $52.46 and its 200 day moving average is $49.46. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.44 and a current ratio of 4.59. The company has a market capitalization of $3.12 billion, a P/E ratio of 77.14 and a beta of 0.69. Warrior Met Coal has a fifty-two week low of $38.00 and a fifty-two week high of $75.15.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.39. The company had revenue of $297.52 million for the quarter, compared to the consensus estimate of $285.63 million. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. The firm’s quarterly revenue was down 25.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.35 EPS. On average, equities research analysts forecast that Warrior Met Coal will post 4.86 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, August 8th. Warrior Met Coal’s payout ratio is 41.56%.

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.