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

Millennium Management LLC acquired a new stake in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) during the 4th quarter, according to the company in its most recent 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. River Road Asset Management LLC raised its holdings in shares of Warrior Met Coal by 2.1% in the 4th quarter. River Road Asset Management LLC now owns 888,388 shares of the company's stock valued at $48,186,000 after buying an additional 18,031 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in shares of Warrior Met Coal by 14.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 58,877 shares of the company's stock valued at $3,193,000 after buying an additional 7,426 shares during the period. Hosking Partners LLP increased its holdings in Warrior Met Coal by 9.6% during the 4th quarter. Hosking Partners LLP now owns 524,833 shares of the company's stock worth $28,467,000 after purchasing an additional 45,868 shares during the period. Forest Avenue Capital Management LP increased its holdings in Warrior Met Coal by 32.5% during the 4th quarter. Forest Avenue Capital Management LP now owns 545,189 shares of the company's stock worth $29,571,000 after purchasing an additional 133,642 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Warrior Met Coal during the 4th quarter worth about $1,300,000. Hedge funds and other institutional investors own 92.28% of the company's stock.

Analysts Set New Price Targets

HCC has been the topic of several recent research reports. UBS Group cut their price target on Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. B. Riley cut their price target on Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Benchmark restated a "hold" rating on shares of Warrior Met Coal in a report on Friday, February 14th.

Warrior Met Coal Stock Down 1.5%

Shares of NYSE:HCC traded down $0.71 on Thursday, hitting $46.65. 972,752 shares of the company's stock were exchanged, compared to its average volume of 817,303. The firm's 50-day moving average is $46.67 and its 200 day moving average is $52.29. The company has a market capitalization of $2.45 billion, a PE ratio of 9.74 and a beta of 0.75. Warrior Met Coal, Inc. has a 1-year low of $38.00 and a 1-year high of $75.53. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.99 and a current ratio of 5.20.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.11). The business had revenue of $299.94 million for the quarter, compared to analyst estimates of $296.39 million. Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. The company's revenue was down 40.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.63 earnings per share. Sell-side analysts predict that Warrior Met Coal, Inc. will post 4.86 EPS for the current year.

Warrior Met Coal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, May 5th were given a $0.08 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.69%. Warrior Met Coal's dividend payout ratio (DPR) is presently 15.92%.

Warrior Met Coal Profile

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.