Victory Capital Management Inc. Grows Stake in Warrior Met Coal $HCC

Victory Capital Management Inc. raised its position in shares of Warrior Met Coal (NYSE:HCC) by 7.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 818,593 shares of the company’s stock after purchasing an additional 55,416 shares during the period. Victory Capital Management Inc. owned about 1.56% of Warrior Met Coal worth $52,095,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. State Street Corp grew its position in shares of Warrior Met Coal by 25.2% during the 2nd quarter. State Street Corp now owns 4,099,070 shares of the company’s stock worth $187,860,000 after buying an additional 825,807 shares in the last quarter. L1 Capital Pty Ltd raised its holdings in shares of Warrior Met Coal by 175.8% in the second quarter. L1 Capital Pty Ltd now owns 1,981,045 shares of the company’s stock valued at $90,791,000 after acquiring an additional 1,262,736 shares in the last quarter. American Century Companies Inc. lifted its stake in Warrior Met Coal by 1.2% in the second quarter. American Century Companies Inc. now owns 1,920,940 shares of the company’s stock worth $88,037,000 after acquiring an additional 23,698 shares during the period. Adage Capital Partners GP L.L.C. lifted its stake in Warrior Met Coal by 130.4% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock worth $86,574,000 after acquiring an additional 1,069,025 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in Warrior Met Coal by 9.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,543,673 shares of the company’s stock worth $98,239,000 after acquiring an additional 130,396 shares in the last quarter. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Warrior Met Coal

In other news, CEO Walter J. Scheller sold 100,000 shares of the stock in a transaction on Monday, January 12th. The stock was sold at an average price of $100.31, for a total transaction of $10,031,000.00. Following the completion of the sale, the chief executive officer owned 294,183 shares in the company, valued at approximately $29,509,496.73. This represents a 25.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kelli K. Gant sold 10,000 shares of the firm’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $100.00, for a total value of $1,000,000.00. Following the completion of the sale, the insider directly owned 70,580 shares of the company’s stock, valued at $7,058,000. The trade was a 12.41% decrease in their position. The SEC filing for this sale provides additional information. 2.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Zacks Research downgraded shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 5th. UBS Group set a $108.00 price objective on shares of Warrior Met Coal and gave the company a “buy” rating in a research note on Thursday, January 29th. Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. B. Riley Financial reissued a “buy” rating on shares of Warrior Met Coal in a research note on Friday, February 13th. Finally, Jefferies Financial Group upped their target price on Warrior Met Coal from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $105.00.

Warrior Met Coal Stock Performance

Shares of Warrior Met Coal stock opened at $77.39 on Friday. The company has a market capitalization of $4.07 billion, a PE ratio of 71.00 and a beta of 0.69. The company has a 50-day simple moving average of $90.35 and a two-hundred day simple moving average of $77.09. Warrior Met Coal has a one year low of $38.00 and a one year high of $105.35. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.27 and a current ratio of 3.19.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.18). Warrior Met Coal had a net margin of 4.35% and a return on equity of 2.71%. The firm had revenue of $383.99 million during the quarter, compared to the consensus estimate of $381.72 million. During the same quarter in the prior year, the business posted $0.15 earnings per share. The firm’s quarterly revenue was up 29.1% on a year-over-year basis. Research analysts expect that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 23rd were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, February 23rd. Warrior Met Coal’s dividend payout ratio (DPR) is 29.36%.

Warrior Met Coal Profile

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.