OxFORD Asset Management LLP Cuts Holdings in Warrior Met Coal LLC (HCC)

OxFORD Asset Management LLP cut its stake in Warrior Met Coal LLC (NYSE:HCC) by 49.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210,174 shares of the company’s stock after selling 202,715 shares during the quarter. OxFORD Asset Management LLP owned about 0.39% of Warrior Met Coal worth $4,897,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in HCC. First Mercantile Trust Co. purchased a new position in Warrior Met Coal in the second quarter valued at about $131,000. Quantbot Technologies LP purchased a new position in Warrior Met Coal in the third quarter valued at about $135,000. The Manufacturers Life Insurance Company purchased a new position in Warrior Met Coal in the second quarter valued at about $219,000. Tudor Investment Corp ET AL purchased a new position in Warrior Met Coal in the second quarter valued at about $223,000. Finally, Royal Bank of Canada purchased a new position in Warrior Met Coal in the second quarter valued at about $228,000. 97.05% of the stock is currently owned by institutional investors.

Several research analysts have commented on HCC shares. Zacks Investment Research raised Warrior Met Coal from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective on the stock in a research report on Tuesday, November 7th. ValuEngine lowered Warrior Met Coal from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Macquarie started coverage on Warrior Met Coal in a research report on Thursday, September 7th. They set an “underperform” rating and a $24.00 target price on the stock. B. Riley reaffirmed a “hold” rating and set a $26.00 target price on shares of Warrior Met Coal in a research report on Friday, November 10th. Finally, FBR & Co set a $26.00 target price on Warrior Met Coal and gave the stock a “hold” rating in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.75.

In related news, Director Stephen D. Williams sold 18,742 shares of Warrior Met Coal stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $28.00, for a total value of $524,776.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at $560,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Franklin Mutual Advisers Llc sold 4,237 shares of Warrior Met Coal stock in a transaction dated Tuesday, November 28th. The stock was 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.

Shares of Warrior Met Coal LLC (NYSE:HCC) traded up $0.20 during midday trading on Wednesday, hitting $23.06. The stock had a trading volume of 1,441,600 shares, compared to its average volume of 634,892. Warrior Met Coal LLC has a twelve month low of $15.10 and a twelve month high of $30.49.

Warrior Met Coal (NYSE:HCC) last announced its 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 business had revenue of $312.00 million for the quarter, compared to analyst estimates of $301.89 million. The firm’s revenue was up 489.8% on a year-over-year basis. research analysts predict that Warrior Met Coal LLC will post 7.86 EPS for the current year.

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

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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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