Warrior Met Coal, Inc. (NYSE:HCC) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. increased its stake in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 26.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 52,280 shares of the company’s stock after purchasing an additional 10,972 shares during the period. Victory Capital Management Inc. owned 0.10% of Warrior Met Coal worth $3,341,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of HCC. Dimensional Fund Advisors LP raised its holdings in Warrior Met Coal by 2.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,863,024 shares of the company’s stock valued at $116,937,000 after acquiring an additional 45,950 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Warrior Met Coal by 4.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,501,379 shares of the company’s stock worth $94,242,000 after buying an additional 62,200 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Warrior Met Coal by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 1,440,965 shares of the company’s stock worth $90,449,000 after buying an additional 82,622 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Warrior Met Coal by 2.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,299,563 shares of the company’s stock worth $78,885,000 after buying an additional 30,053 shares during the last quarter. Finally, River Road Asset Management LLC boosted its position in shares of Warrior Met Coal by 22.9% during the 3rd quarter. River Road Asset Management LLC now owns 870,357 shares of the company’s stock worth $55,616,000 after purchasing an additional 162,387 shares during the period. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Stock Performance

Warrior Met Coal stock opened at $70.27 on Friday. The stock’s 50-day moving average is $63.58 and its 200-day moving average is $63.87. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 9.71 and a beta of 1.02. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.81 and a quick ratio of 4.67. Warrior Met Coal, Inc. has a 12 month low of $50.60 and a 12 month high of $75.53.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.40 by $0.40. The company had revenue of $327.72 million during the quarter, compared to analyst estimates of $322.21 million. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. The business’s revenue was down 22.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.85 EPS. Equities analysts anticipate that Warrior Met Coal, Inc. will post 5.62 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Tuesday, November 5th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 4.42%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HCC. B. Riley lifted their price objective on shares of Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research note on Monday, August 5th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $75.75.

Warrior Met Coal 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.