Invesco Ltd. Lowers Stock Holdings in Warrior Met Coal $HCC

Invesco Ltd. lowered its holdings in Warrior Met Coal (NYSE:HCC) by 48.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 213,695 shares of the company’s stock after selling 200,953 shares during the period. Invesco Ltd. owned 0.41% of Warrior Met Coal worth $10,198,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Price T Rowe Associates Inc. MD grew its position in shares of Warrior Met Coal by 5.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,259,608 shares of the company’s stock valued at $122,563,000 after purchasing an additional 117,717 shares during the period. Allianz Asset Management GmbH grew its position in shares of Warrior Met Coal by 4.7% in the first quarter. Allianz Asset Management GmbH now owns 1,442,933 shares of the company’s stock valued at $68,857,000 after purchasing an additional 64,288 shares during the period. Victory Capital Management Inc. grew its position in shares of Warrior Met Coal by 1,918.4% in the first quarter. Victory Capital Management Inc. now owns 680,515 shares of the company’s stock valued at $32,474,000 after purchasing an additional 646,799 shares during the period. Woodline Partners LP grew its position in shares of Warrior Met Coal by 224.2% in the fourth quarter. Woodline Partners LP now owns 670,380 shares of the company’s stock valued at $36,361,000 after purchasing an additional 463,577 shares during the period. Finally, Northern Trust Corp grew its position in shares of Warrior Met Coal by 7.2% in the fourth quarter. Northern Trust Corp now owns 645,961 shares of the company’s stock valued at $35,037,000 after purchasing an additional 43,658 shares during the period. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HCC. UBS Group lifted their price objective on Warrior Met Coal from $50.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. BMO Capital Markets set a $55.00 target price on Warrior Met Coal and gave the stock a “market perform” rating in a research report on Thursday, August 7th. Finally, B. Riley cut their target price on Warrior Met Coal from $76.00 to $74.00 and set a “buy” rating on the stock in a research report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $63.50.

Warrior Met Coal Stock Up 3.8%

Shares of Warrior Met Coal stock opened at $59.3960 on Monday. The company has a fifty day moving average price of $52.46 and a 200 day moving average price of $49.40. The company has a current ratio of 4.59, a quick ratio of 3.44 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. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 77.14 and a beta of 0.69.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.39. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. The firm had revenue of $297.52 million for the quarter, compared to the consensus estimate of $285.63 million. During the same quarter in the previous year, the firm posted $1.35 EPS. The firm’s quarterly revenue was down 25.0% on a year-over-year basis. Equities research analysts forecast that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were paid a dividend of $0.08 per share. 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 payout ratio is 41.56%.

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.