AXQ Capital LP Acquires New Position in Warrior Met Coal, Inc. (NYSE:HCC)

AXQ Capital LP bought a new position in shares of Warrior Met Coal, Inc. (NYSE:HCC) during the fourth quarter, HoldingsChannel.com reports. The firm bought 3,808 shares of the company’s stock, valued at approximately $207,000.

Several other large investors have also added to or reduced their stakes in HCC. State Street Corp increased its stake in shares of Warrior Met Coal by 4.9% in the third quarter. State Street Corp now owns 3,404,237 shares of the company’s stock worth $217,531,000 after purchasing an additional 158,722 shares in the last quarter. FMR LLC boosted its holdings in Warrior Met Coal by 8.6% in the 3rd quarter. FMR LLC now owns 3,210,531 shares of the company’s stock worth $205,153,000 after buying an additional 254,540 shares during the period. American Century Companies Inc. increased its stake in Warrior Met Coal by 7.1% in the 4th quarter. American Century Companies Inc. now owns 1,748,274 shares of the company’s stock worth $94,826,000 after buying an additional 115,675 shares in the last quarter. Maple Rock Capital Partners Inc. raised its holdings in Warrior Met Coal by 193.9% during the third quarter. Maple Rock Capital Partners Inc. now owns 1,460,992 shares of the company’s stock valued at $93,357,000 after acquiring an additional 963,892 shares during the period. Finally, Allianz Asset Management GmbH lifted its position in shares of Warrior Met Coal by 10.1% in the fourth quarter. Allianz Asset Management GmbH now owns 1,378,645 shares of the company’s stock valued at $74,778,000 after acquiring an additional 126,911 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Stock Performance

NYSE HCC opened at $48.34 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.20 and a quick ratio of 3.99. Warrior Met Coal, Inc. has a 1-year low of $44.62 and a 1-year high of $75.53. The business has a 50 day simple moving average of $51.08 and a two-hundred day simple moving average of $57.74. The stock has a market capitalization of $2.54 billion, a PE ratio of 10.09 and a beta of 1.10.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Thursday, February 13th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.34). The business had revenue of $297.47 million during the quarter, compared to analysts’ expectations of $331.70 million. Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. On average, research analysts predict that Warrior Met Coal, Inc. will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 24th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend was Monday, February 24th. Warrior Met Coal’s payout ratio is 6.68%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on HCC shares. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research note on Friday, February 14th. Jefferies Financial Group reduced their price objective on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, B. Riley dropped their target price on shares of Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $74.00.

Warrior Met Coal 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.