Warrior Met Coal, Inc. (NYSE:HCC) Shares Acquired by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. raised its stake in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 6.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 160,000 shares of the company's stock after buying an additional 10,000 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.31% of Warrior Met Coal worth $8,678,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HCC. Summit Investment Advisors Inc. grew its stake in shares of Warrior Met Coal by 5.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,424 shares of the company's stock valued at $294,000 after buying an additional 260 shares during the last quarter. Graham Capital Wealth Management LLC grew its position in Warrior Met Coal by 0.6% during the 4th quarter. Graham Capital Wealth Management LLC now owns 47,818 shares of the company's stock worth $2,594,000 after acquiring an additional 273 shares during the last quarter. Sanctuary Advisors LLC increased its stake in Warrior Met Coal by 2.6% in 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 lifted its position in Warrior Met Coal by 31.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company's stock valued at $64,000 after purchasing an additional 279 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in Warrior Met Coal by 5.6% in the fourth quarter. HighTower Advisors LLC now owns 5,878 shares of the company's stock valued at $319,000 after purchasing an additional 314 shares during the last quarter. 92.28% of the stock is owned by institutional investors.

Warrior Met Coal Stock Performance

Shares of NYSE HCC traded up $1.92 during midday trading on Friday, hitting $47.33. 885,052 shares of the company's stock traded hands, compared to its average volume of 789,309. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.99 and a current ratio of 5.20. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 9.88 and a beta of 0.80. The firm has a fifty day moving average of $47.57 and a 200 day moving average of $55.34. Warrior Met Coal, Inc. has a 1 year low of $38.00 and a 1 year high of $75.53.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its quarterly earnings data 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). Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. The company had revenue of $299.94 million for the quarter, compared to analysts' expectations of $296.39 million. During the same period in the previous year, the firm earned $2.63 earnings per share. The firm's quarterly revenue was down 40.4% on a year-over-year basis. On average, analysts forecast that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, May 5th will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, May 5th. This represents a $0.32 annualized dividend and a yield of 0.68%. Warrior Met Coal's dividend payout ratio (DPR) is currently 6.68%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group cut their price target on shares of Warrior Met Coal from $75.00 to $65.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Benchmark reiterated a "hold" rating on shares of Warrior Met Coal in a report on Friday, February 14th. Finally, B. Riley reduced their target price on Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating for the company in a report on Friday, April 11th.

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.