Quantbot Technologies LP Purchases New Holdings in Warrior Met Coal Inc. (HCC)

Quantbot Technologies LP purchased a new stake in shares of Warrior Met Coal Inc. (NYSE:HCC) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 5,751 shares of the company’s stock, valued at approximately $135,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. purchased a new position in shares of Warrior Met Coal in the 3rd quarter worth approximately $899,000. Bank of New York Mellon Corp boosted its holdings in shares of Warrior Met Coal by 5.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 63,890 shares of the company’s stock worth $1,506,000 after purchasing an additional 3,289 shares during the period. Principal Financial Group Inc. purchased a new position in shares of Warrior Met Coal in the 3rd quarter worth approximately $399,000. Dupont Capital Management Corp purchased a new position in shares of Warrior Met Coal in the 3rd quarter worth approximately $901,000. Finally, Horseman Capital Management Ltd boosted its holdings in shares of Warrior Met Coal by 149.1% in the 3rd quarter. Horseman Capital Management Ltd now owns 249,149 shares of the company’s stock worth $5,872,000 after purchasing an additional 149,149 shares during the period. Institutional investors and hedge funds own 97.05% of the company’s stock.

Shares of Warrior Met Coal Inc. (HCC) traded up $0.21 during mid-day trading on Friday, hitting $22.43. The company had a trading volume of 1,180,000 shares, compared to its average volume of 1,171,625. Warrior Met Coal Inc. has a 52-week low of $15.10 and a 52-week high of $30.49.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Thursday, November 9th. The company reported $2.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.26 by $0.01. Warrior Met Coal had a return on equity of 51.58% and a net margin of 36.20%. The firm had revenue of $312.00 million during the quarter, compared to analyst estimates of $301.89 million. Warrior Met Coal’s quarterly revenue was up 489.8% compared to the same quarter last year. analysts anticipate that Warrior Met Coal Inc. will post 7.86 earnings per share for the current fiscal year.

The firm also recently declared a special dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 13th were paid a dividend of $11.21 per share. This is a positive change from Warrior Met Coal’s previous special dividend of $0.05. This represents a dividend yield of 0.75%. The ex-dividend date of this dividend was Friday, November 24th.

HCC has been the subject of a number of recent research reports. Macquarie initiated coverage on Warrior Met Coal in a report on Thursday, September 7th. They issued an “underperform” rating and a $24.00 target price for the company. Zacks Investment Research upgraded Warrior Met Coal from a “hold” rating to a “strong-buy” rating and set a $31.00 target price for the company in a report on Tuesday, November 7th. Royal Bank Of Canada reiterated a “buy” rating and issued a $27.00 target price on shares of Warrior Met Coal in a report on Wednesday, September 6th. FBR & Co set a $26.00 target price on Warrior Met Coal and gave the stock a “hold” rating in a report on Wednesday, October 11th. Finally, ValuEngine cut Warrior Met Coal from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $25.92.

In related news, Director Stephen D. Williams sold 18,742 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $28.00, for a total transaction of $524,776.00. Following the completion of the sale, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $560,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Franklin Mutual Advisers Llc sold 4,237 shares of Warrior Met Coal stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $20.46, for a total value of $86,689.02. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by company insiders.

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About Warrior Met Coal

Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.

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

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