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Warrior Met Coal, Inc. (NYSE:HCC) Shares Acquired by Graham Capital Management L.P.

Defense World · Sep 12, 2022 04:53

Graham Capital Management L.P. increased its stake in Warrior Met Coal, Inc. (NYSE:HCC – Get Rating) by 150.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,202 shares of the company's stock after acquiring an additional 21,147 shares during the period. Graham Capital Management L.P. owned approximately 0.07% of Warrior Met Coal worth $1,306,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Maverick Capital Ltd. acquired a new stake in shares of Warrior Met Coal in the fourth quarter valued at $50,000. Point72 Hong Kong Ltd acquired a new stake in shares of Warrior Met Coal in the fourth quarter valued at $83,000. Covestor Ltd increased its holdings in Warrior Met Coal by 23,505.9% in the first quarter. Covestor Ltd now owns 4,013 shares of the company's stock valued at $149,000 after buying an additional 3,996 shares during the last quarter. First National Trust Co purchased a new position in Warrior Met Coal in the first quarter valued at $200,000. Finally, Envestnet Asset Management Inc. purchased a new position in Warrior Met Coal in the first quarter valued at $235,000. 95.26% of the stock is currently owned by institutional investors and hedge funds.

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Warrior Met Coal Stock Performance

Shares of HCC stock opened at $31.29 on Monday. The stock's 50-day moving average is $31.40 and its two-hundred day moving average is $34.04. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 2.61 and a beta of 0.97. Warrior Met Coal, Inc. has a 1 year low of $20.25 and a 1 year high of $42.95. The company has a debt-to-equity ratio of 0.28, a quick ratio of 6.74 and a current ratio of 7.71.

Warrior Met Coal (NYSE:HCC – Get Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $5.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.59 by $0.28. The company had revenue of $625.16 million for the quarter, compared to analyst estimates of $585.28 million. Warrior Met Coal had a return on equity of 68.47% and a net margin of 38.24%. Analysts predict that Warrior Met Coal, Inc. will post 11.37 earnings per share for the current year.

Warrior Met Coal Increases Dividend

The business also recently declared a None dividend, which was paid on Monday, August 29th. Investors of record on Monday, August 22nd were issued a dividend of $0.80 per share. The ex-dividend date was Friday, August 19th. This is a positive change from Warrior Met Coal's previous None dividend of $0.50. Warrior Met Coal's dividend payout ratio (DPR) is currently 2.00%.

Insider Buying and Selling

In related news, Director Lisa M. Schnorr purchased 1,500 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were purchased at an average price of $32.01 per share, with a total value of $48,015.00. Following the completion of the acquisition, the director now directly owns 1,500 shares in the company, valued at approximately $48,015. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.00% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on HCC shares. Clarkson Capital reissued a "buy" rating on shares of Warrior Met Coal in a report on Tuesday, June 14th. B. Riley increased their target price on Warrior Met Coal from $45.00 to $48.00 in a report on Thursday, July 7th. Jefferies Financial Group raised Warrior Met Coal from a "hold" rating to a "buy" rating and increased their target price for the company from $36.00 to $50.00 in a report on Tuesday, June 7th. Finally, BMO Capital Markets lowered Warrior Met Coal from an "outperform" rating to a "market perform" rating and dropped their target price for the company from $45.00 to $37.00 in a report on Thursday, August 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $39.75.

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.