Victory Capital Management Inc. Reduces Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

Victory Capital Management Inc. reduced its stake in Warrior Met Coal, Inc. (NYSE:HCC) by 33.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,308 shares of the company’s stock after selling 21,217 shares during the period. Victory Capital Management Inc. owned 0.08% of Warrior Met Coal worth $2,593,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in shares of Warrior Met Coal by 38.6% during the 2nd quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock worth $32,000 after acquiring an additional 144 shares during the period. SYSTM Wealth Solutions LLC bought a new position in Warrior Met Coal in the first quarter worth $39,000. EntryPoint Capital LLC purchased a new position in Warrior Met Coal during the first quarter valued at $54,000. Quadrant Capital Group LLC boosted its holdings in shares of Warrior Met Coal by 79.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $61,000 after buying an additional 442 shares in the last quarter. Finally, Ausbil Investment Management Ltd bought a new stake in shares of Warrior Met Coal during the 2nd quarter valued at $82,000. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on HCC. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research note on Monday, August 5th. B. Riley dropped their price target on Warrior Met Coal from $92.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Warrior Met Coal presently has an average rating of “Moderate Buy” and a consensus target price of $72.60.

Insiders Place Their Bets

In other news, insider Kelli K. Gant sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total transaction of $750,600.00. Following the sale, the insider now owns 61,678 shares of the company’s stock, valued at approximately $4,629,550.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Walter J. Scheller sold 23,148 shares of Warrior Met Coal stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $75.15, for a total value of $1,739,572.20. Following the completion of the sale, the chief executive officer now owns 340,485 shares of the company’s stock, valued at $25,587,447.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kelli K. Gant sold 10,000 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total value of $750,600.00. Following the completion of the transaction, the insider now directly owns 61,678 shares in the company, valued at approximately $4,629,550.68. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Warrior Met Coal Trading Down 2.3 %

Shares of NYSE HCC opened at $53.39 on Wednesday. The firm’s 50 day moving average price is $61.93 and its 200-day moving average price is $63.05. Warrior Met Coal, Inc. has a 52-week low of $44.60 and a 52-week high of $75.53. The company has a debt-to-equity ratio of 0.09, a quick ratio of 5.37 and a current ratio of 6.37. The company has a market cap of $2.79 billion, a PE ratio of 6.42 and a beta of 1.02.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Thursday, August 1st. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.03. The business had revenue of $396.52 million for the quarter, compared to analysts’ expectations of $387.91 million. Warrior Met Coal had a return on equity of 22.71% and a net margin of 25.01%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.63 EPS. On average, equities research analysts expect that Warrior Met Coal, Inc. will post 5.55 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were issued a $0.08 dividend. The ex-dividend date was Tuesday, August 6th. This represents a $0.32 annualized dividend and a yield of 0.60%. Warrior Met Coal’s payout ratio is 3.85%.

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.