Millennium Management LLC Invests $1.59 Million in Warrior Met Coal, Inc. (NYSE:HCC)

Millennium Management LLC acquired a new position in shares of Warrior Met Coal, Inc. (NYSE:HCC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 29,350 shares of the company’s stock, valued at approximately $1,592,000. Millennium Management LLC owned 0.06% of Warrior Met Coal as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Summit Investment Advisors Inc. increased its holdings in shares of Warrior Met Coal by 5.0% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,424 shares of the company’s stock worth $294,000 after purchasing an additional 260 shares during the period. Sanctuary Advisors LLC increased its holdings in shares of Warrior Met Coal by 2.6% during the 4th quarter. Sanctuary Advisors LLC now owns 10,800 shares of the company’s stock worth $577,000 after purchasing an additional 276 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Warrior Met Coal by 31.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company’s stock worth $64,000 after purchasing an additional 279 shares during the period. HighTower Advisors LLC increased its holdings in shares of Warrior Met Coal by 5.6% during the 4th quarter. HighTower Advisors LLC now owns 5,878 shares of the company’s stock worth $319,000 after purchasing an additional 314 shares during the period. Finally, KBC Group NV increased its holdings in shares of Warrior Met Coal by 25.0% during the 4th quarter. KBC Group NV now owns 2,139 shares of the company’s stock worth $116,000 after purchasing an additional 428 shares during the period. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Stock Performance

NYSE HCC opened at $46.03 on Wednesday. The stock has a market cap of $2.42 billion, a P/E ratio of 9.61 and a beta of 0.75. The company’s 50-day simple moving average is $46.69 and its 200 day simple moving average is $52.33. Warrior Met Coal, Inc. has a twelve month low of $38.00 and a twelve month high of $75.53. The company has a quick ratio of 3.99, a current ratio of 5.20 and a debt-to-equity ratio of 0.09.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, April 30th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.11). The business had revenue of $299.94 million during the quarter, compared to the consensus estimate of $296.39 million. Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. The business’s revenue was down 40.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.63 EPS. As a group, research analysts forecast that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, May 5th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.32 annualized dividend and a yield of 0.70%. Warrior Met Coal’s dividend payout ratio is 15.92%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. B. Riley lowered their target price on shares of Warrior Met Coal from $86.00 to $76.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research note on Friday, February 14th. Finally, UBS Group lowered their target price on shares of Warrior Met Coal from $68.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th.

About Warrior Met Coal

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.