Hosking Partners LLP Increases Stock Holdings in Warrior Met Coal $HCC

Hosking Partners LLP raised its stake in Warrior Met Coal (NYSE:HCC) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 667,638 shares of the company’s stock after purchasing an additional 19,030 shares during the quarter. Warrior Met Coal accounts for 2.0% of Hosking Partners LLP’s investment portfolio, making the stock its 14th biggest holding. Hosking Partners LLP’s holdings in Warrior Met Coal were worth $58,866,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. State Street Corp boosted its stake in shares of Warrior Met Coal by 25.2% in the second quarter. State Street Corp now owns 4,099,070 shares of the company’s stock valued at $187,860,000 after buying an additional 825,807 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in shares of Warrior Met Coal by 130.4% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock valued at $86,574,000 after buying an additional 1,069,025 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Warrior Met Coal by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,833,578 shares of the company’s stock valued at $116,687,000 after buying an additional 5,077 shares in the last quarter. UBS Group AG boosted its stake in shares of Warrior Met Coal by 219.2% in the third quarter. UBS Group AG now owns 1,554,071 shares of the company’s stock valued at $98,901,000 after buying an additional 1,067,247 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of Warrior Met Coal by 9.2% in the third quarter. Allianz Asset Management GmbH now owns 1,543,673 shares of the company’s stock valued at $98,239,000 after buying an additional 130,396 shares in the last quarter. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Warrior Met Coal Stock Performance

NYSE HCC opened at $85.89 on Monday. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 32.78 and a beta of 0.61. The business has a fifty day moving average of $88.04 and a 200-day moving average of $85.40. Warrior Met Coal has a fifty-two week low of $40.80 and a fifty-two week high of $105.35. The company has a quick ratio of 2.42, a current ratio of 3.48 and a debt-to-equity ratio of 0.11.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Thursday, April 30th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.04). Warrior Met Coal had a net margin of 9.36% and a return on equity of 6.44%. The business had revenue of $458.59 million during the quarter, compared to analyst estimates of $467.57 million. During the same quarter in the previous year, the company posted ($0.16) earnings per share. The business’s revenue for the quarter was up 52.9% compared to the same quarter last year. As a group, analysts predict that Warrior Met Coal will post 6.78 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 7th. Stockholders of record on Friday, May 1st were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. Warrior Met Coal’s dividend payout ratio is presently 12.21%.

Analysts Set New Price Targets

A number of research firms recently weighed in on HCC. Jefferies Financial Group lifted their price target on Warrior Met Coal from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. UBS Group decreased their price target on Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Zacks Research downgraded Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Weiss Ratings upgraded Warrior Met Coal from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Warrior Met Coal in a report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $102.80.

Warrior Met Coal Company Profile

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.