Warrior Met Coal $HCC Shares Acquired by Bryce Point Capital LLC

Bryce Point Capital LLC lifted its holdings in shares of Warrior Met Coal (NYSE:HCC) by 31.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,376 shares of the company’s stock after buying an additional 4,140 shares during the period. Bryce Point Capital LLC’s holdings in Warrior Met Coal were worth $796,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HCC. L1 Capital Pty Ltd acquired a new position in shares of Warrior Met Coal during the first quarter worth approximately $34,278,000. Adage Capital Partners GP L.L.C. boosted its position in shares of Warrior Met Coal by 412.5% during the first quarter. Adage Capital Partners GP L.L.C. now owns 820,000 shares of the company’s stock worth $39,130,000 after buying an additional 660,000 shares during the period. Victory Capital Management Inc. boosted its position in shares of Warrior Met Coal by 1,918.4% during the first quarter. Victory Capital Management Inc. now owns 680,515 shares of the company’s stock worth $32,474,000 after buying an additional 646,799 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in Warrior Met Coal by 18.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,361,627 shares of the company’s stock worth $112,697,000 after purchasing an additional 367,326 shares during the period. Finally, Woodline Partners LP lifted its position in Warrior Met Coal by 33.5% in the first quarter. Woodline Partners LP now owns 894,938 shares of the company’s stock worth $42,706,000 after purchasing an additional 224,558 shares during the period. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Warrior Met Coal Price Performance

Shares of NYSE:HCC opened at $69.50 on Tuesday. Warrior Met Coal has a one year low of $38.00 and a one year high of $75.15. The stock has a fifty day moving average of $62.81 and a 200-day moving average of $54.67. The company has a market capitalization of $3.65 billion, a PE ratio of 90.26 and a beta of 0.75. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.44 and a current ratio of 4.59.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.39. Warrior Met Coal had a return on equity of 2.26% and a net margin of 3.30%.The company had revenue of $297.52 million during the quarter, compared to the consensus estimate of $285.63 million. During the same quarter in the prior year, the firm earned $1.35 EPS. The company’s quarterly revenue was down 25.0% compared to the same quarter last year. As a group, equities analysts anticipate that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, November 7th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, November 7th. Warrior Met Coal’s payout ratio is 41.56%.

Analysts Set New Price Targets

A number of research firms have weighed in on HCC. Wall Street Zen upgraded Warrior Met Coal from a “sell” rating to a “hold” rating in a research report on Saturday, October 11th. UBS Group upped their target price on Warrior Met Coal from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. BMO Capital Markets set a $55.00 target price on Warrior Met Coal and gave the stock a “market perform” rating in a research report on Thursday, August 7th. B. Riley cut their target price on Warrior Met Coal from $76.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, July 22nd. Finally, Zacks Research upgraded Warrior Met Coal from a “strong sell” rating to a “hold” rating in a research report on Monday, September 22nd. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $65.50.

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.