Marshall Wace LLP Invests $421,000 in Warrior Met Coal, Inc. (NYSE:HCC)

Marshall Wace LLP purchased a new stake in Warrior Met Coal, Inc. (NYSE:HCC) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 6,700 shares of the company’s stock, valued at approximately $421,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bridgeway Capital Management LLC boosted its stake in shares of Warrior Met Coal by 4.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 290,821 shares of the company’s stock worth $17,731,000 after acquiring an additional 12,949 shares during the last quarter. Forest Avenue Capital Management LP acquired a new stake in Warrior Met Coal during the 4th quarter worth $6,725,000. Wellington Management Group LLP grew its holdings in shares of Warrior Met Coal by 7.1% during the fourth quarter. Wellington Management Group LLP now owns 90,211 shares of the company’s stock worth $5,500,000 after buying an additional 6,015 shares in the last quarter. BTC Capital Management Inc. acquired a new stake in shares of Warrior Met Coal in the first quarter valued at about $630,000. Finally, O Keefe Stevens Advisory Inc. lifted its stake in shares of Warrior Met Coal by 0.5% in the first quarter. O Keefe Stevens Advisory Inc. now owns 262,711 shares of the company’s stock worth $15,947,000 after buying an additional 1,213 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Stock Performance

NYSE:HCC opened at $63.24 on Friday. The company’s 50-day moving average is $58.78 and its two-hundred day moving average is $63.39. Warrior Met Coal, Inc. has a 1-year low of $44.76 and a 1-year high of $75.53. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.37 and a quick ratio of 5.37. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 7.61 and a beta of 1.02.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Thursday, August 1st. The company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.03. Warrior Met Coal had a return on equity of 22.71% and a net margin of 25.01%. The company had revenue of $396.52 million during the quarter, compared to analysts’ expectations of $387.91 million. During the same quarter last year, the firm earned $1.63 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. Analysts forecast that Warrior Met Coal, Inc. will post 5.55 EPS for the current year.

Warrior Met Coal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.51%. The ex-dividend date was Tuesday, August 6th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 3.85%.

Wall Street Analysts Forecast Growth

HCC has been the subject of a number of recent research reports. B. Riley cut their price objective on shares of Warrior Met Coal from $92.00 to $90.00 and set a “buy” rating for the company in a report on Friday, September 6th. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $75.75.

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.