Renaissance Technologies LLC Has $75.52 Million Holdings in Warrior Met Coal $HCC

Renaissance Technologies LLC grew its position in Warrior Met Coal (NYSE:HCC) by 22.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 810,781 shares of the company’s stock after purchasing an additional 149,600 shares during the quarter. Renaissance Technologies LLC’s holdings in Warrior Met Coal were worth $75,524,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in Warrior Met Coal in the 4th quarter valued at $31,000. EverSource Wealth Advisors LLC increased its position in Warrior Met Coal by 217.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after buying an additional 467 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Warrior Met Coal by 272.1% during the fourth quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock worth $36,000 after buying an additional 302 shares in the last quarter. IFP Advisors Inc bought a new stake in shares of Warrior Met Coal in the fourth quarter valued at about $37,000. Finally, Bayforest Capital Ltd bought a new stake in shares of Warrior Met Coal in the fourth quarter valued at about $63,000. 92.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Kelli K. Gant sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the completion of the sale, the insider owned 67,775 shares in the company, valued at $7,455,250. This trade represents a 22.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

HCC has been the topic of a number of recent research reports. B. Riley Financial raised their price target on shares of Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Zacks Research upgraded shares of Warrior Met Coal from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, June 29th. Weiss Ratings downgraded Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 30th. Wall Street Zen cut shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Finally, UBS Group cut their price objective on shares of Warrior Met Coal from $102.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $103.00.

Warrior Met Coal Price Performance

HCC opened at $79.95 on Friday. Warrior Met Coal has a fifty-two week low of $49.07 and a fifty-two week high of $110.39. The firm has a 50-day moving average of $88.09 and a 200 day moving average of $89.08. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.42 and a current ratio of 3.48. The firm has a market cap of $4.22 billion, a P/E ratio of 30.52 and a beta of 0.65.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.04). The company had revenue of $458.59 million during the quarter, compared to the consensus estimate of $467.57 million. Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.The business’s revenue was up 52.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.16) EPS. On average, research analysts expect that Warrior Met Coal will post 6.89 EPS for the current year.

Warrior Met Coal Profile

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.