Renaissance Technologies LLC Lowers Stock Position in Warrior Met Coal, Inc. (NYSE:HCC)

Renaissance Technologies LLC decreased its position in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 7.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,338,681 shares of the company's stock after selling 105,098 shares during the quarter. Renaissance Technologies LLC owned 2.56% of Warrior Met Coal worth $72,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of HCC. Graham Capital Wealth Management LLC increased its position in Warrior Met Coal by 0.6% in the fourth quarter. Graham Capital Wealth Management LLC now owns 47,818 shares of the company's stock worth $2,594,000 after purchasing an additional 273 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of 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 buying an additional 276 shares during the last quarter. Quadrant Capital Group LLC raised its position 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 valued at $64,000 after buying an additional 279 shares in the last quarter. HighTower Advisors LLC grew 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 worth $319,000 after acquiring an additional 314 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Warrior Met Coal by 56.7% in the fourth quarter. GAMMA Investing LLC now owns 989 shares of the company's stock worth $54,000 after acquiring an additional 358 shares in the last quarter. 92.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Warrior Met Coal Trading Down 0.5 %

Shares of HCC traded down $0.25 during mid-day trading on Tuesday, reaching $46.52. 211,027 shares of the company's stock traded hands, compared to its average volume of 958,133. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.20 and a quick ratio of 3.99. The stock's 50-day moving average is $48.24 and its two-hundred day moving average is $56.57. Warrior Met Coal, Inc. has a 12 month low of $38.00 and a 12 month high of $75.53. The stock has a market cap of $2.45 billion, a P/E ratio of 9.71 and a beta of 0.80.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.34). Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. The business had revenue of $297.47 million during the quarter, compared to the consensus estimate of $331.70 million. 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 business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 24th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Monday, February 24th. Warrior Met Coal's dividend payout ratio is presently 6.68%.

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.