Warrior Met Coal Inc (NYSE:HCC) Holdings Trimmed by GeoSphere Capital Management LLC

GeoSphere Capital Management LLC decreased its position in shares of Warrior Met Coal Inc (NYSE:HCC) by 66.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,470 shares of the company’s stock after selling 26,530 shares during the period. Warrior Met Coal accounts for about 2.2% of GeoSphere Capital Management LLC’s investment portfolio, making the stock its 9th largest holding. GeoSphere Capital Management LLC’s holdings in Warrior Met Coal were worth $371,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HCC. Platinum Investment Management Ltd. acquired a new position in Warrior Met Coal during the 2nd quarter worth $1,348,000. Macquarie Group Ltd. lifted its position in Warrior Met Coal by 36.1% during the 2nd quarter. Macquarie Group Ltd. now owns 16,200 shares of the company’s stock worth $447,000 after acquiring an additional 4,300 shares during the last quarter. Point72 Asset Management L.P. lifted its position in Warrior Met Coal by 365.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 153,899 shares of the company’s stock worth $4,243,000 after acquiring an additional 120,799 shares during the last quarter. Luminus Management LLC lifted its position in Warrior Met Coal by 99.9% during the 2nd quarter. Luminus Management LLC now owns 2,255,723 shares of the company’s stock worth $62,190,000 after acquiring an additional 1,127,197 shares during the last quarter. Finally, Capital Fund Management S.A. acquired a new position in Warrior Met Coal during the 2nd quarter worth $2,877,000.

HCC has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Warrior Met Coal from a “hold” rating to a “strong-buy” rating and set a $30.00 target price for the company in a research report on Wednesday, July 4th. Morgan Stanley boosted their price objective on shares of Warrior Met Coal from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, June 29th. ValuEngine downgraded shares of Warrior Met Coal from a “sell” rating to a “strong sell” rating in a report on Monday, August 13th. B. Riley boosted their price objective on shares of Warrior Met Coal from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, September 19th. Finally, Citigroup boosted their price objective on shares of Warrior Met Coal from $25.87 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, July 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.44.

NYSE:HCC opened at $27.24 on Tuesday. The stock has a market cap of $1.43 billion, a PE ratio of 3.43 and a beta of 0.49. Warrior Met Coal Inc has a 52-week low of $18.56 and a 52-week high of $33.72. The company has a current ratio of 2.53, a quick ratio of 2.02 and a debt-to-equity ratio of 1.48.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, August 1st. The company reported $1.81 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.95 by ($0.14). The business had revenue of $322.56 million during the quarter, compared to the consensus estimate of $331.76 million. Warrior Met Coal had a net margin of 37.56% and a return on equity of 82.44%. Warrior Met Coal’s quarterly revenue was down 11.2% compared to the same quarter last year. On average, research analysts expect that Warrior Met Coal Inc will post 7.87 earnings per share for the current year.

Warrior Met Coal Profile

Warrior Met Coal, Inc produces and exports 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.

Recommended Story: Initial Public Offering (IPO)

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

Receive News & Ratings for Warrior Met Coal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Warrior Met Coal and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply