Trexquant Investment LP Increases Stock Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

Trexquant Investment LP raised its holdings in Warrior Met Coal, Inc. (NYSE:HCCGet Rating) by 7.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,827 shares of the company’s stock after buying an additional 1,569 shares during the quarter. Trexquant Investment LP’s holdings in Warrior Met Coal were worth $668,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Gladius Capital Management LP acquired a new position in shares of Warrior Met Coal during the second quarter valued at about $43,000. Captrust Financial Advisors grew its position in Warrior Met Coal by 86.8% during the 1st quarter. Captrust Financial Advisors now owns 3,863 shares of the company’s stock worth $143,000 after purchasing an additional 1,795 shares during the last quarter. Covestor Ltd increased its stake in Warrior Met Coal by 23,505.9% during the 1st quarter. Covestor Ltd now owns 4,013 shares of the company’s stock valued at $149,000 after purchasing an additional 3,996 shares in the last quarter. KBC Group NV purchased a new position in shares of Warrior Met Coal in the second quarter worth $143,000. Finally, Triasima Portfolio Management inc. lifted its stake in shares of Warrior Met Coal by 467.5% during the second quarter. Triasima Portfolio Management inc. now owns 4,710 shares of the company’s stock worth $144,000 after buying an additional 3,880 shares during the period. Institutional investors and hedge funds own 95.26% of the company’s stock.

Analyst Ratings Changes

HCC has been the topic of several research reports. B. Riley raised Warrior Met Coal from a “neutral” rating to a “buy” rating and upped their target price for the company from $48.00 to $50.00 in a research report on Friday, September 23rd. BMO Capital Markets boosted their price target on Warrior Met Coal from $30.00 to $39.00 and gave the company a “market perform” rating in a research note on Thursday, November 3rd. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Warrior Met Coal currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.33.

Warrior Met Coal Stock Performance

Shares of NYSE HCC opened at $35.18 on Friday. The company has a 50 day simple moving average of $33.56 and a two-hundred day simple moving average of $32.77. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 2.68 and a beta of 1.10. The company has a current ratio of 7.01, a quick ratio of 6.12 and a debt-to-equity ratio of 0.24. Warrior Met Coal, Inc. has a 12 month low of $20.25 and a 12 month high of $42.95.

Warrior Met Coal (NYSE:HCCGet Rating) last posted its earnings results on Wednesday, November 2nd. The company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.49. The company had revenue of $390.18 million during the quarter, compared to the consensus estimate of $354.95 million. Warrior Met Coal had a net margin of 37.59% and a return on equity of 64.38%. As a group, analysts predict that Warrior Met Coal, Inc. will post 12.57 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 11th. Investors of record on Friday, November 4th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Thursday, November 3rd. Warrior Met Coal’s dividend payout ratio (DPR) is 1.83%.

Warrior Met Coal Company Profile

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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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Institutional Ownership by Quarter for Warrior Met Coal (NYSE:HCC)

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