Teacher Retirement System of Texas Purchases New Shares in Warrior Met Coal (NYSE:HCC)

Teacher Retirement System of Texas acquired a new stake in shares of Warrior Met Coal (NYSE:HCC) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,647 shares of the company’s stock, valued at approximately $365,000.

Several other hedge funds have also recently modified their holdings of HCC. Summit Investment Advisors Inc. increased its holdings in Warrior Met Coal by 5.0% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,424 shares of the company’s stock valued at $294,000 after acquiring an additional 260 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in Warrior Met Coal by 2.5% in the 1st quarter. SummerHaven Investment Management LLC now owns 11,350 shares of the company’s stock valued at $542,000 after acquiring an additional 272 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Warrior Met Coal by 31.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company’s stock worth $64,000 after buying an additional 279 shares during the period. HighTower Advisors LLC increased its stake in shares of Warrior Met Coal by 5.6% during the 4th quarter. HighTower Advisors LLC now owns 5,878 shares of the company’s stock valued at $319,000 after acquiring an additional 314 shares during the last quarter. Finally, Covestor Ltd raised its stake in Warrior Met Coal by 46.6% during the fourth quarter. Covestor Ltd now owns 2,287 shares of the company’s stock worth $124,000 after purchasing an additional 727 shares during the period. 92.28% of the stock is owned by institutional investors and hedge funds.

Warrior Met Coal Stock Performance

Shares of NYSE HCC opened at $52.79 on Friday. The company has a market capitalization of $2.77 billion, a P/E ratio of 26.27 and a beta of 0.67. The business’s 50-day moving average price is $47.21 and its two-hundred day moving average price is $48.89. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.14 and a quick ratio of 4.00. Warrior Met Coal has a one year low of $38.00 and a one year high of $75.15.

Warrior Met Coal (NYSE:HCC) last posted its earnings results 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 during the quarter, compared to analyst estimates of $296.39 million. Warrior Met Coal had a net margin of 7.98% and a return on equity of 5.41%. During the same quarter in the previous year, the business posted $2.63 earnings per share. The business’s quarterly revenue was down 40.4% compared to the same quarter last year. Analysts anticipate that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, May 5th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.61%. Warrior Met Coal’s payout ratio is presently 15.92%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HCC shares. B. Riley cut their price objective on Warrior Met Coal from $86.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. UBS Group cut their target price on shares of Warrior Met Coal from $68.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th.

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.