Bridgeway Capital Management LLC Boosts Position in Warrior Met Coal, Inc. (NYSE:HCC)

Bridgeway Capital Management LLC boosted its holdings in Warrior Met Coal, Inc. (NYSE:HCC) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 370,995 shares of the company’s stock after purchasing an additional 9,011 shares during the quarter. Warrior Met Coal comprises approximately 0.5% of Bridgeway Capital Management LLC’s portfolio, making the stock its 27th biggest position. Bridgeway Capital Management LLC owned approximately 0.71% of Warrior Met Coal worth $20,123,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC purchased a new stake in Warrior Met Coal in the fourth quarter valued at $43,000. GAMMA Investing LLC increased its position in shares of Warrior Met Coal by 56.7% during the fourth quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock worth $54,000 after purchasing an additional 358 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Warrior Met Coal by 31.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company’s stock valued at $64,000 after purchasing an additional 279 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Warrior Met Coal by 304.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company’s stock valued at $75,000 after purchasing an additional 1,040 shares during the period. Finally, Sterling Capital Management LLC grew its stake in Warrior Met Coal by 818.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,634 shares of the company’s stock worth $89,000 after buying an additional 1,456 shares during the last quarter. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Warrior Met Coal Stock Performance

Shares of HCC opened at $47.35 on Tuesday. The company has a quick ratio of 3.99, a current ratio of 5.20 and a debt-to-equity ratio of 0.09. The company has a 50-day simple moving average of $47.43 and a 200-day simple moving average of $55.00. Warrior Met Coal, Inc. has a 52-week low of $38.00 and a 52-week high of $75.53. The company has a market capitalization of $2.49 billion, a PE ratio of 9.89 and a beta of 0.75.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.11). Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. The business had revenue of $299.94 million during the quarter, compared to analyst estimates of $296.39 million. During the same period in the previous year, the company posted $2.63 earnings per share. Warrior Met Coal’s revenue was down 40.4% on a year-over-year basis. Equities research analysts predict that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, May 5th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Monday, May 5th. Warrior Met Coal’s dividend payout ratio is presently 15.92%.

Wall Street Analyst Weigh In

HCC has been the subject of a number of research reports. B. Riley reduced their price objective on Warrior Met Coal from $86.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Jefferies Financial Group reduced their price target on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research note on Friday, February 14th.

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.