DRW Securities LLC Purchases New Shares in Warrior Met Coal $HCC

DRW Securities LLC purchased a new stake in Warrior Met Coal (NYSE:HCC) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 70,000 shares of the company’s stock, valued at approximately $3,340,000. DRW Securities LLC owned approximately 0.13% of Warrior Met Coal as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in HCC. Aquatic Capital Management LLC bought a new stake in Warrior Met Coal in the fourth quarter valued at $344,000. Northern Trust Corp boosted its holdings in 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 acquiring an additional 43,658 shares in the last quarter. Bayesian Capital Management LP bought a new stake in Warrior Met Coal in the fourth quarter valued at $578,000. Bridgeway Capital Management LLC boosted its holdings in Warrior Met Coal by 2.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 370,995 shares of the company’s stock valued at $20,123,000 after acquiring an additional 9,011 shares in the last quarter. Finally, Cresset Asset Management LLC boosted its holdings in Warrior Met Coal by 6.4% in the fourth quarter. Cresset Asset Management LLC now owns 37,387 shares of the company’s stock valued at $2,028,000 after acquiring an additional 2,257 shares in the last quarter. Institutional investors own 92.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HCC. UBS Group lifted their price target on shares of Warrior Met Coal from $50.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. B. Riley dropped their target price on shares of Warrior Met Coal from $76.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday, July 22nd. Finally, BMO Capital Markets set a $55.00 target price on shares of Warrior Met Coal and gave the company a “market perform” rating in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Warrior Met Coal has an average rating of “Hold” and an average price target of $63.50.

Warrior Met Coal Stock Performance

Shares of HCC stock opened at $61.34 on Friday. Warrior Met Coal has a 12 month low of $38.00 and a 12 month high of $75.15. The stock has a market cap of $3.22 billion, a PE ratio of 79.67 and a beta of 0.69. The company has a current ratio of 4.59, a quick ratio of 3.44 and a debt-to-equity ratio of 0.12. The company’s fifty day moving average price is $53.82 and its 200-day moving average price is $49.66.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, August 6th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.39. The firm had revenue of $297.52 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.35 EPS. On average, equities 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. Investors of record on Friday, August 8th were paid a $0.08 dividend. The ex-dividend date was Friday, August 8th. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. Warrior Met Coal’s payout ratio is presently 41.56%.

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.