Millennium Management LLC Acquires New Position in Warrior Met Coal, Inc. (NYSE:HCC)

Millennium Management LLC acquired a new position in shares of Warrior Met Coal, Inc. (NYSE:HCC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 SEC filing.

Other large investors also recently modified their holdings of the company. Summit Investment Advisors Inc. grew its position in Warrior Met Coal by 5.0% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,424 shares of the company's stock valued at $294,000 after purchasing an additional 260 shares during the period. Sanctuary Advisors LLC grew its position in Warrior Met Coal by 2.6% in the 4th quarter. Sanctuary Advisors LLC now owns 10,800 shares of the company's stock valued at $577,000 after purchasing an additional 276 shares during the period. Quadrant Capital Group LLC grew its position in Warrior Met Coal by 31.0% in the 4th 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 period. HighTower Advisors LLC grew its position in Warrior Met Coal by 5.6% in the 4th 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 period. Finally, KBC Group NV grew its position in Warrior Met Coal by 25.0% in the 4th quarter. KBC Group NV now owns 2,139 shares of the company's stock valued at $116,000 after purchasing an additional 428 shares during the period. Institutional investors and hedge funds own 92.28% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HCC. UBS Group reduced their price target on shares of Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. B. Riley reduced their price target on shares of Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, Benchmark reissued a "hold" rating on shares of Warrior Met Coal in a research report on Friday, February 14th.

Warrior Met Coal Stock Up 2.0%

NYSE:HCC traded up $0.91 during trading hours on Friday, hitting $47.50. 551,096 shares of the company traded hands, compared to its average volume of 817,444. The company has a quick ratio of 3.99, a current ratio of 5.20 and a debt-to-equity ratio of 0.09. The firm's 50-day simple moving average is $46.64 and its 200-day simple moving average is $52.01. Warrior Met Coal, Inc. has a one year low of $38.00 and a one year high of $75.53. The company has a market cap of $2.50 billion, a PE ratio of 9.92 and a beta of 0.69.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $296.39 million. During the same quarter last year, the business posted $2.63 earnings per share. Warrior Met Coal's revenue was down 40.4% on a year-over-year basis. Equities analysts predict that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, May 5th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Monday, May 5th. Warrior Met Coal's payout ratio is 15.92%.

Warrior Met Coal Company 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.