Russell Investments Group Ltd. Has $4.30 Million Stock Holdings in Warrior Met Coal $HCC

Russell Investments Group Ltd. increased its holdings in shares of Warrior Met Coal (NYSE:HCC) by 29.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,067 shares of the company’s stock after buying an additional 20,235 shares during the period. Russell Investments Group Ltd. owned about 0.17% of Warrior Met Coal worth $4,298,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Covestor Ltd raised its holdings in Warrior Met Coal by 14.6% during the 1st quarter. Covestor Ltd now owns 2,622 shares of the company’s stock worth $125,000 after purchasing an additional 335 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Warrior Met Coal by 5,565.4% during the 1st quarter. Farther Finance Advisors LLC now owns 2,946 shares of the company’s stock worth $142,000 after purchasing an additional 2,894 shares during the last quarter. KBC Group NV raised its holdings in Warrior Met Coal by 41.8% during the 1st quarter. KBC Group NV now owns 3,033 shares of the company’s stock worth $145,000 after purchasing an additional 894 shares during the last quarter. FNY Investment Advisers LLC raised its holdings in Warrior Met Coal by 325.0% during the 1st quarter. FNY Investment Advisers LLC now owns 3,400 shares of the company’s stock worth $162,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Significant Wealth Partners LLC raised its holdings in Warrior Met Coal by 26.5% during the 1st quarter. Significant Wealth Partners LLC now owns 5,005 shares of the company’s stock worth $239,000 after purchasing an additional 1,049 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Warrior Met Coal Stock Performance

NYSE:HCC opened at $59.3960 on Friday. The company has a fifty day moving average of $52.46 and a 200-day moving average of $49.46. The firm has a market capitalization of $3.12 billion, a P/E ratio of 77.14 and a beta of 0.69. The company has a quick ratio of 3.44, a current ratio of 4.59 and a debt-to-equity ratio of 0.12. Warrior Met Coal has a twelve month low of $38.00 and a twelve month high of $75.15.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.39. The company had revenue of $297.52 million during the quarter, compared to analyst estimates of $285.63 million. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. Warrior Met Coal’s revenue for the quarter was down 25.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.35 EPS. As a group, sell-side analysts anticipate that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.32 annualized dividend and a yield of 0.5%. Warrior Met Coal’s dividend payout ratio (DPR) is presently 41.56%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. UBS Group raised their price target on shares of Warrior Met Coal from $50.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday. BMO Capital Markets set a $55.00 price target on shares of Warrior Met Coal and gave the stock a “market perform” rating in a report on Thursday, August 7th. Finally, B. Riley lowered their price target on shares of Warrior Met Coal from $76.00 to $74.00 and set a “buy” rating for the company in a report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $63.50.

About Warrior Met Coal

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.