Ashoka WhiteOak Capital Pte Ltd Sells 532 Shares of Warrior Met Coal $HCC

Ashoka WhiteOak Capital Pte Ltd reduced its holdings in Warrior Met Coal (NYSE:HCC) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,120 shares of the company’s stock after selling 532 shares during the quarter. Warrior Met Coal accounts for 0.6% of Ashoka WhiteOak Capital Pte Ltd’s holdings, making the stock its 10th biggest position. Ashoka WhiteOak Capital Pte Ltd owned about 0.06% of Warrior Met Coal worth $1,295,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. T. Rowe Price Investment Management Inc. boosted its position in shares of Warrior Met Coal by 18.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,361,627 shares of the company’s stock worth $112,697,000 after buying an additional 367,326 shares during the period. American Century Companies Inc. increased its stake in shares of Warrior Met Coal by 8.5% during the 1st quarter. American Century Companies Inc. now owns 1,897,242 shares of the company’s stock worth $90,536,000 after purchasing an additional 148,968 shares during the last quarter. Dalal Street LLC increased its position in Warrior Met Coal by 5.6% during the first quarter. Dalal Street LLC now owns 1,799,580 shares of the company’s stock worth $85,876,000 after buying an additional 94,910 shares during the last quarter. Allianz Asset Management GmbH raised its stake in shares of Warrior Met Coal by 4.7% in the 1st quarter. Allianz Asset Management GmbH now owns 1,442,933 shares of the company’s stock valued at $68,857,000 after acquiring an additional 64,288 shares in the last quarter. Finally, Woodline Partners LP lifted its stake in shares of Warrior Met Coal by 33.5% in the first quarter. Woodline Partners LP now owns 894,938 shares of the company’s stock worth $42,706,000 after buying an additional 224,558 shares during the last quarter. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Stock Performance

Shares of NYSE HCC opened at $64.33 on Friday. Warrior Met Coal has a 52 week low of $38.00 and a 52 week high of $75.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.44 and a current ratio of 4.59. The stock has a 50 day moving average price of $58.57 and a 200 day moving average price of $51.13. The stock has a market capitalization of $3.38 billion, a PE ratio of 83.55 and a beta of 0.74.

Warrior Met Coal (NYSE:HCC) last posted 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. The firm had revenue of $297.52 million for 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%. The company’s quarterly revenue was down 25.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.35 earnings per share. Analysts predict 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 declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 8th. Warrior Met Coal’s dividend payout ratio is currently 41.56%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wall Street Zen lowered shares of Warrior Met Coal from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Zacks Research raised Warrior Met Coal from a “strong sell” rating to a “hold” rating in a report on Monday. UBS Group boosted their target price on Warrior Met Coal from $50.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, August 20th. BMO Capital Markets set a $55.00 price objective on shares of Warrior Met Coal and gave the company a “market perform” rating in a research report on Thursday, August 7th. Finally, B. Riley dropped their target price on Warrior Met Coal from $76.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.