Victory Capital Management Inc. Trims Stock Position in Warrior Met Coal, Inc. (NYSE:HCC)

Victory Capital Management Inc. decreased its position in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 35.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,716 shares of the company’s stock after selling 18,564 shares during the quarter. Victory Capital Management Inc. owned approximately 0.06% of Warrior Met Coal worth $1,829,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp boosted its position in shares of Warrior Met Coal by 4.9% in the 3rd quarter. State Street Corp now owns 3,404,237 shares of the company’s stock valued at $217,531,000 after purchasing an additional 158,722 shares during the period. FMR LLC boosted its holdings in shares of Warrior Met Coal by 8.6% in the third quarter. FMR LLC now owns 3,210,531 shares of the company’s stock valued at $205,153,000 after acquiring an additional 254,540 shares during the period. Maple Rock Capital Partners Inc. grew its position in shares of Warrior Met Coal by 193.9% during the third quarter. Maple Rock Capital Partners Inc. now owns 1,460,992 shares of the company’s stock worth $93,357,000 after acquiring an additional 963,892 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Warrior Met Coal by 10.1% in the 4th quarter. Allianz Asset Management GmbH now owns 1,378,645 shares of the company’s stock valued at $74,778,000 after acquiring an additional 126,911 shares during the period. Finally, Geode Capital Management LLC raised its position in Warrior Met Coal by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,208,405 shares of the company’s stock valued at $77,232,000 after purchasing an additional 13,650 shares during the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Trading Down 1.6 %

Shares of HCC stock opened at $48.42 on Tuesday. The firm’s 50-day simple moving average is $51.51 and its 200-day simple moving average is $58.09. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.20 and a quick ratio of 3.99. Warrior Met Coal, Inc. has a 1-year low of $44.62 and a 1-year high of $75.53. The firm has a market cap of $2.54 billion, a P/E ratio of 10.11 and a beta of 1.10.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Thursday, February 13th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.34). The firm had revenue of $297.47 million during the quarter, compared to analyst estimates of $331.70 million. Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. As a group, equities analysts forecast that Warrior Met Coal, Inc. will post 4.86 EPS for the current year.

Warrior Met Coal Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 24th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend was Monday, February 24th. Warrior Met Coal’s dividend payout ratio is presently 6.68%.

Wall Street Analysts Forecast Growth

HCC has been the topic of a number of recent research reports. Jefferies Financial Group dropped their price objective 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. B. Riley dropped their price target on Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Finally, Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a research note on Friday, February 14th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $74.00.

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.