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

Victory Capital Management Inc. reduced its stake in shares of Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 35.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 33,716 shares of the company's stock after selling 18,564 shares during the period. Victory Capital Management Inc. owned approximately 0.06% of Warrior Met Coal worth $1,829,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of Warrior Met Coal by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,208,405 shares of the company's stock worth $77,232,000 after buying an additional 13,650 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Warrior Met Coal by 14.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 671,427 shares of the company's stock worth $42,904,000 after purchasing an additional 83,331 shares in the last quarter. Citigroup Inc. grew its stake in shares of Warrior Met Coal by 61.4% during the 3rd quarter. Citigroup Inc. now owns 87,441 shares of the company's stock worth $5,587,000 after purchasing an additional 33,272 shares during the period. Hosking Partners LLP increased its holdings in shares of Warrior Met Coal by 9.6% during the 4th quarter. Hosking Partners LLP now owns 524,833 shares of the company's stock valued at $28,467,000 after purchasing an additional 45,868 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Warrior Met Coal during the 4th quarter valued at approximately $1,300,000. Hedge funds and other institutional investors own 92.28% of the company's stock.

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Analysts Set New Price Targets

HCC has been the topic of several analyst reports. B. Riley dropped their price target on shares of 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. Jefferies Financial Group cut their price target on Warrior Met Coal from $75.00 to $65.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Finally, Benchmark reaffirmed a "hold" rating on shares of Warrior Met Coal in a report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.00.

Warrior Met Coal Price Performance

Shares of HCC traded down $0.46 during mid-day trading on Friday, hitting $46.64. 617,989 shares of the company were exchanged, compared to its average volume of 731,164. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 9.74 and a beta of 1.10. Warrior Met Coal, Inc. has a 1-year low of $44.62 and a 1-year high of $75.53. The company has a 50 day moving average of $51.26 and a 200-day moving average of $57.86. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.99 and a current ratio of 5.20.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.34). The firm had revenue of $297.47 million for 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%. Analysts expect that Warrior Met Coal, Inc. will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 24th were paid a dividend of $0.08 per share. The ex-dividend date was Monday, February 24th. This represents a $0.32 annualized dividend and a yield of 0.69%. Warrior Met Coal's dividend payout ratio is presently 6.68%.

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.