Persistent Asset Partners Ltd Boosts Stake in Warrior Met Coal $HCC

Persistent Asset Partners Ltd grew its holdings in Warrior Met Coal (NYSE:HCC) by 171.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,199 shares of the company’s stock after purchasing an additional 10,221 shares during the period. Persistent Asset Partners Ltd’s holdings in Warrior Met Coal were worth $742,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HCC. Victory Capital Management Inc. raised its holdings in Warrior Met Coal by 1,918.4% in the 1st quarter. Victory Capital Management Inc. now owns 680,515 shares of the company’s stock valued at $32,474,000 after buying an additional 646,799 shares during the period. Allianz Asset Management GmbH increased its position in shares of Warrior Met Coal by 4.7% during the first quarter. Allianz Asset Management GmbH now owns 1,442,933 shares of the company’s stock valued at $68,857,000 after acquiring an additional 64,288 shares during the last quarter. Kennondale Capital Management LLC increased its position in shares of Warrior Met Coal by 39.1% during the first quarter. Kennondale Capital Management LLC now owns 38,586 shares of the company’s stock valued at $1,841,000 after acquiring an additional 10,839 shares during the last quarter. Readystate Asset Management LP purchased a new stake in shares of Warrior Met Coal in the 1st quarter valued at approximately $449,000. Finally, Mount Lucas Management LP acquired a new position in shares of Warrior Met Coal in the 1st quarter worth approximately $574,000. 92.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Warrior Met Coal

In related news, CEO Walter J. Scheller sold 18,966 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $75.00, for a total transaction of $1,422,450.00. Following the sale, the chief executive officer directly owned 394,183 shares in the company, valued at approximately $29,563,725. This represents a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.10% of the company’s stock.

Warrior Met Coal Stock Performance

NYSE:HCC opened at $78.74 on Friday. Warrior Met Coal has a 52 week low of $38.00 and a 52 week high of $85.86. The company has a fifty day simple moving average of $66.26 and a two-hundred day simple moving average of $56.44. The company has a quick ratio of 3.00, a current ratio of 4.13 and a debt-to-equity ratio of 0.12. The company has a market cap of $4.14 billion, a price-to-earnings ratio of 117.53 and a beta of 0.75.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, November 5th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.91. Warrior Met Coal had a return on equity of 2.01% and a net margin of 2.87%.The firm had revenue of $328.59 million during the quarter, compared to analyst estimates of $302.51 million. During the same period last year, the business posted $0.80 earnings per share. Warrior Met Coal’s revenue was up .3% compared to the same quarter last year. As a group, equities analysts anticipate that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 7th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, November 7th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 47.76%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HCC shares. Wall Street Zen raised shares of Warrior Met Coal from a “sell” rating to a “hold” rating in a research report on Saturday, October 11th. BMO Capital Markets upped their price target on Warrior Met Coal from $65.00 to $72.00 and gave the stock a “market perform” rating in a research note on Thursday, November 6th. UBS Group lifted their price objective on Warrior Met Coal from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Zacks Research upgraded Warrior Met Coal from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Warrior Met Coal in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Warrior Met Coal has a consensus rating of “Moderate Buy” and a consensus price target of $71.50.

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.