High Ground Investment Management LLP Purchases 94,668 Shares of Warrior Met Coal (NYSE:HCC)

High Ground Investment Management LLP grew its position in shares of Warrior Met Coal (NYSE:HCC) by 55.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 266,781 shares of the company’s stock after purchasing an additional 94,668 shares during the period. Warrior Met Coal accounts for about 3.0% of High Ground Investment Management LLP’s investment portfolio, making the stock its 5th largest position. High Ground Investment Management LLP owned about 0.51% of Warrior Met Coal worth $12,731,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. boosted its position in shares of Warrior Met Coal by 3.4% in the first quarter. Principal Financial Group Inc. now owns 322,545 shares of the company’s stock worth $15,392,000 after acquiring an additional 10,608 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Warrior Met Coal in the first quarter worth approximately $334,000. D. E. Shaw & Co. Inc. boosted its position in shares of Warrior Met Coal by 14.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 58,877 shares of the company’s stock worth $3,193,000 after acquiring an additional 7,426 shares during the last quarter. Kennondale Capital Management LLC boosted its position in shares of Warrior Met Coal by 39.1% in the first quarter. Kennondale Capital Management LLC now owns 38,586 shares of the company’s stock worth $1,841,000 after acquiring an additional 10,839 shares during the last quarter. Finally, Forest Avenue Capital Management LP boosted its position in shares of Warrior Met Coal by 32.5% in the fourth quarter. Forest Avenue Capital Management LP now owns 545,189 shares of the company’s stock worth $29,571,000 after acquiring an additional 133,642 shares during the last quarter. 92.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. UBS Group cut their price target on shares of Warrior Met Coal from $68.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. B. Riley cut their price target 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.

Warrior Met Coal Trading Down 7.6%

NYSE HCC opened at $52.68 on Tuesday. Warrior Met Coal has a one year low of $38.00 and a one year high of $75.15. The company’s 50 day moving average price is $48.47 and its 200 day moving average price is $48.98. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.00 and a current ratio of 5.14. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 26.21 and a beta of 0.67.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data 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 firm had revenue of $299.94 million for the quarter, compared to analysts’ expectations of $296.39 million. Warrior Met Coal had a net margin of 7.98% and a return on equity of 5.41%. The company’s revenue for the quarter was down 40.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.63 EPS. On average, sell-side analysts predict that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Company 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.