Verition Fund Management LLC Makes New $782,000 Investment in Warrior Met Coal, Inc. (NYSE:HCC)

Verition Fund Management LLC acquired a new stake in shares of Warrior Met Coal, Inc. (NYSE:HCCGet Rating) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,070 shares of the company’s stock, valued at approximately $782,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Warrior Met Coal by 5.0% during the first quarter. Vanguard Group Inc. now owns 6,410,218 shares of the company’s stock valued at $237,884,000 after buying an additional 307,308 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Warrior Met Coal by 74.7% during the first quarter. Renaissance Technologies LLC now owns 2,125,379 shares of the company’s stock valued at $78,873,000 after buying an additional 909,000 shares during the last quarter. L1 Capital Pty Ltd grew its holdings in Warrior Met Coal by 14.3% during the fourth quarter. L1 Capital Pty Ltd now owns 1,952,128 shares of the company’s stock worth $50,189,000 after buying an additional 243,917 shares in the last quarter. State Street Corp raised its position in Warrior Met Coal by 3.2% in the 1st quarter. State Street Corp now owns 1,851,496 shares of the company’s stock valued at $68,709,000 after buying an additional 57,343 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Warrior Met Coal by 4.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,738,554 shares of the company’s stock valued at $64,518,000 after acquiring an additional 78,124 shares in the last quarter. 95.26% of the stock is owned by institutional investors and hedge funds.

Warrior Met Coal Stock Performance

Shares of HCC opened at $27.70 on Friday. Warrior Met Coal, Inc. has a 1 year low of $20.25 and a 1 year high of $42.95. The company has a debt-to-equity ratio of 0.28, a current ratio of 7.71 and a quick ratio of 6.74. The stock’s fifty day moving average price is $31.45 and its two-hundred day moving average price is $33.66. The firm has a market cap of $1.43 billion, a PE ratio of 2.31 and a beta of 0.97.

Warrior Met Coal (NYSE:HCCGet Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $5.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.59 by $0.28. Warrior Met Coal had a net margin of 38.24% and a return on equity of 68.47%. The company had revenue of $625.16 million for the quarter, compared to analyst estimates of $585.28 million. On average, equities research analysts forecast that Warrior Met Coal, Inc. will post 11.37 EPS for the current year.

Warrior Met Coal Increases Dividend

The business also recently announced a None dividend, which was paid on Monday, August 29th. Shareholders of record on Monday, August 22nd were paid a $0.80 dividend. The ex-dividend date of this dividend was Friday, August 19th. This is an increase from Warrior Met Coal’s previous None dividend of $0.50. Warrior Met Coal’s dividend payout ratio (DPR) is currently 2.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating and upped their price objective for the stock from $36.00 to $50.00 in a research report on Tuesday, June 7th. Clarkson Capital reaffirmed a “buy” rating on shares of Warrior Met Coal in a research report on Tuesday, June 14th. BMO Capital Markets downgraded Warrior Met Coal from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $45.00 to $37.00 in a research note on Thursday, August 4th. Finally, B. Riley lifted their target price on Warrior Met Coal from $45.00 to $48.00 in a research note on Thursday, July 7th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $39.75.

Insider Activity

In other news, Director Lisa M. Schnorr acquired 1,500 shares of Warrior Met Coal stock in a transaction that occurred on Thursday, August 11th. The stock was bought at an average price of $32.01 per share, with a total value of $48,015.00. Following the completion of the purchase, the director now owns 1,500 shares in the company, valued at $48,015. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Warrior Met Coal Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Warrior Met Coal (NYSE:HCC)

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