GAMMA Investing LLC Raises Stock Position in Warrior Met Coal $HCC

GAMMA Investing LLC boosted its position in shares of Warrior Met Coal (NYSE:HCC) by 23.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,346 shares of the company’s stock after purchasing an additional 253 shares during the period. GAMMA Investing LLC’s holdings in Warrior Met Coal were worth $62,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of HCC. Covestor Ltd raised its stake in shares of Warrior Met Coal by 14.6% in the 1st quarter. Covestor Ltd now owns 2,622 shares of the company’s stock valued at $125,000 after acquiring an additional 335 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Warrior Met Coal by 5,565.4% in the 1st quarter. Farther Finance Advisors LLC now owns 2,946 shares of the company’s stock valued at $142,000 after acquiring an additional 2,894 shares during the period. KBC Group NV raised its stake in shares of Warrior Met Coal by 41.8% in the 1st quarter. KBC Group NV now owns 3,033 shares of the company’s stock valued at $145,000 after acquiring an additional 894 shares during the period. FNY Investment Advisers LLC raised its stake in shares of Warrior Met Coal by 325.0% in the 1st quarter. FNY Investment Advisers LLC now owns 3,400 shares of the company’s stock valued at $162,000 after acquiring an additional 2,600 shares during the period. Finally, Significant Wealth Partners LLC raised its stake in shares of Warrior Met Coal by 26.5% in the 1st quarter. Significant Wealth Partners LLC now owns 5,005 shares of the company’s stock valued at $239,000 after acquiring an additional 1,049 shares during the period. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Trading Down 0.7%

NYSE HCC opened at $64.16 on Friday. 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 52 week low of $38.00 and a 52 week high of $75.15. The stock has a market capitalization of $3.37 billion, a PE ratio of 83.32 and a beta of 0.78. The firm has a 50 day moving average of $59.46 and a two-hundred day moving average of $51.77.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.11 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 company had revenue of $297.52 million during the quarter, compared to analysts’ expectations of $285.63 million. During the same quarter in the previous year, the business posted $1.35 EPS. The firm’s revenue was down 25.0% on a year-over-year basis. As a group, research analysts expect that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, August 8th. Warrior Met Coal’s payout ratio is 41.56%.

Analysts Set New Price Targets

HCC has been the topic of a number of research analyst reports. B. Riley reduced their price target on shares of Warrior Met Coal from $76.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday, July 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Warrior Met Coal in a research note on Saturday, September 27th. Wall Street Zen downgraded shares of Warrior Met Coal from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. Zacks Research raised shares of Warrior Met Coal from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, BMO Capital Markets set a $55.00 price target on shares of Warrior Met Coal and gave the company a “market perform” rating in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $63.50.

Warrior Met Coal Company 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.