Victory Capital Management Inc. Has $3.34 Million Stock Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

Victory Capital Management Inc. raised its stake in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 26.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,280 shares of the company's stock after acquiring an additional 10,972 shares during the quarter. Victory Capital Management Inc. owned approximately 0.10% of Warrior Met Coal worth $3,341,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in HCC. GAMMA Investing LLC lifted its stake in Warrior Met Coal by 38.6% in the 2nd quarter. GAMMA Investing LLC now owns 517 shares of the company's stock valued at $32,000 after purchasing an additional 144 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Warrior Met Coal by 48.5% in the 3rd quarter. Blue Trust Inc. now owns 551 shares of the company's stock valued at $35,000 after acquiring an additional 180 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Warrior Met Coal during the 1st quarter valued at $54,000. Ausbil Investment Management Ltd bought a new stake in Warrior Met Coal during the 2nd quarter worth $82,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in Warrior Met Coal by 34.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,313 shares of the company's stock worth $145,000 after purchasing an additional 599 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HCC has been the topic of a number of recent research reports. Benchmark reissued a "hold" rating on shares of Warrior Met Coal in a research note on Monday, August 5th. B. Riley lifted their target price 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. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $75.75.

Warrior Met Coal Trading Down 3.5 %

Shares of NYSE HCC traded down $2.53 during trading on Friday, reaching $70.27. The company had a trading volume of 585,784 shares, compared to its average volume of 809,046. Warrior Met Coal, Inc. has a 12 month low of $50.60 and a 12 month high of $75.53. The company has a quick ratio of 4.67, a current ratio of 5.81 and a debt-to-equity ratio of 0.09. The stock has a market cap of $3.68 billion, a P/E ratio of 9.71 and a beta of 1.02. The company's fifty day moving average price is $63.58 and its 200-day moving average price is $63.87.

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

Warrior Met Coal Dividend Announcement

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

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.