GeoSphere Capital Management LLC Has $371,000 Stake in Warrior Met Coal Inc (HCC)

GeoSphere Capital Management LLC reduced its position in Warrior Met Coal Inc (NYSE:HCC) by 66.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 13,470 shares of the company’s stock after selling 26,530 shares during the period. Warrior Met Coal accounts for approximately 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.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Platinum Investment Management Ltd. acquired a new stake in shares of Warrior Met Coal in the 2nd quarter valued at about $1,348,000. Macquarie Group Ltd. raised its stake in shares of Warrior Met Coal by 36.1% in the 2nd quarter. Macquarie Group Ltd. now owns 16,200 shares of the company’s stock valued at $447,000 after purchasing an additional 4,300 shares during the period. Point72 Asset Management L.P. raised its stake in shares of Warrior Met Coal by 365.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 153,899 shares of the company’s stock valued at $4,243,000 after purchasing an additional 120,799 shares during the period. Luminus Management LLC raised its stake in shares of Warrior Met Coal by 99.9% in the 2nd quarter. Luminus Management LLC now owns 2,255,723 shares of the company’s stock valued at $62,190,000 after purchasing an additional 1,127,197 shares during the period. Finally, Capital Fund Management S.A. acquired a new stake in shares of Warrior Met Coal in the 2nd quarter valued at about $2,877,000.

NYSE:HCC opened at $26.48 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.02 and a current ratio of 2.53. The stock has a market capitalization of $1.33 billion, a P/E ratio of 2.91 and a beta of 0.56. Warrior Met Coal Inc has a 52-week low of $18.56 and a 52-week high of $33.72.

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

HCC has been the topic of several recent research reports. Zacks Investment Research downgraded Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 29th. Morgan Stanley lifted their target price on Warrior Met Coal from $25.00 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, June 29th. Citigroup lifted their target price on Warrior Met Coal from $25.87 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, July 11th. ValuEngine downgraded Warrior Met Coal from a “hold” rating to a “sell” rating in a research report on Monday, July 30th. Finally, Royal Bank of Canada set a $34.00 target price on Warrior Met Coal and gave the company a “hold” rating in a research report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $29.78.

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.

Further Reading: Trading Penny Stocks

Want to see what other hedge funds are holding HCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Warrior Met Coal Inc (NYSE:HCC).

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