Warrior Met Coal $HCC Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in shares of Warrior Met Coal (NYSE:HCC) by 7.3% during the third quarter, Holdings Channel.com reports. The fund owned 818,593 shares of the company’s stock after acquiring an additional 55,416 shares during the period. Victory Capital Management Inc.’s holdings in Warrior Met Coal were worth $52,095,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of HCC. Hantz Financial Services Inc. raised its position in shares of Warrior Met Coal by 266.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock valued at $40,000 after purchasing an additional 455 shares during the last quarter. EverSource Wealth Advisors LLC grew 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 purchasing an additional 467 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Warrior Met Coal by 4,337.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 710 shares of the company’s stock valued at $45,000 after purchasing an additional 694 shares in the last quarter. Aster Capital Management DIFC Ltd increased its stake in Warrior Met Coal by 919.6% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 938 shares of the company’s stock valued at $60,000 after purchasing an additional 846 shares in the last quarter. Finally, Strs Ohio purchased a new position in shares of Warrior Met Coal in the third quarter worth $76,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Stock Down 2.4%

HCC stock opened at $77.39 on Friday. The company has a market capitalization of $4.07 billion, a P/E ratio of 71.00 and a beta of 0.69. Warrior Met Coal has a 12 month low of $38.00 and a 12 month high of $105.35. The firm’s fifty day simple moving average is $90.35 and its 200-day simple moving average is $77.09. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.19 and a quick ratio of 2.27.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Thursday, February 12th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.18). Warrior Met Coal had a return on equity of 2.71% and a net margin of 4.35%.The business had revenue of $383.99 million for the quarter, compared to analysts’ expectations of $381.72 million. During the same period last year, the business earned $0.15 EPS. The company’s revenue for the quarter was up 29.1% on a year-over-year basis. As a group, equities research analysts forecast that Warrior Met Coal will post 4.86 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 23rd were paid a dividend of $0.08 per share. The ex-dividend date was Monday, February 23rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. Warrior Met Coal’s dividend payout ratio (DPR) is presently 29.36%.

Insider Activity

In related news, CEO Walter J. Scheller sold 100,000 shares of the firm’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $100.31, for a total transaction of $10,031,000.00. Following the sale, the chief executive officer directly owned 294,183 shares of the company’s stock, valued at $29,509,496.73. This trade represents a 25.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kelli K. Gant sold 10,000 shares of Warrior Met Coal stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $100.00, for a total value of $1,000,000.00. Following the transaction, the insider owned 70,580 shares of the company’s stock, valued at approximately $7,058,000. This represents a 12.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

HCC has been the topic of a number of research analyst reports. B. Riley Financial reissued a “buy” rating on shares of Warrior Met Coal in a report on Friday, February 13th. Wall Street Zen upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. Jefferies Financial Group lifted their price target on Warrior Met Coal from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. UBS Group set a $108.00 price objective on Warrior Met Coal and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, Zacks Research cut Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Warrior Met Coal presently has an average rating of “Hold” and an average price target of $105.00.

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.