Victory Capital Management Inc. Purchases 646,799 Shares of Warrior Met Coal (NYSE:HCC)

Victory Capital Management Inc. grew its position in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 1,918.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 680,515 shares of the company's stock after purchasing an additional 646,799 shares during the period. Victory Capital Management Inc. owned about 1.29% of Warrior Met Coal worth $32,474,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new position in Warrior Met Coal in the 4th quarter valued at approximately $677,000. Raymond James Financial Inc. purchased a new position in shares of Warrior Met Coal during the fourth quarter valued at about $4,554,000. HighTower Advisors LLC grew its position in Warrior Met Coal by 5.6% in the fourth quarter. HighTower Advisors LLC now owns 5,878 shares of the company's stock worth $319,000 after acquiring an additional 314 shares in the last quarter. Swiss National Bank boosted its position in shares of Warrior Met Coal by 0.8% during the fourth quarter. Swiss National Bank now owns 102,900 shares of the company's stock valued at $5,581,000 after buying an additional 800 shares during the period. Finally, Cibc World Markets Corp bought a new stake in shares of Warrior Met Coal during the fourth quarter valued at approximately $263,000. Institutional investors own 92.28% of the company's stock.

Warrior Met Coal Price Performance

Shares of NYSE HCC traded down $1.38 on Thursday, hitting $57.76. The company's stock had a trading volume of 610,433 shares, compared to its average volume of 976,442. The stock has a 50 day moving average of $47.75 and a 200-day moving average of $48.88. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.14 and a quick ratio of 4.00. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 28.68 and a beta of 0.67. Warrior Met Coal has a 12-month low of $38.00 and a 12-month high of $75.15.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.11). Warrior Met Coal had a net margin of 7.98% and a return on equity of 5.41%. The firm had revenue of $299.94 million during the quarter, compared to analysts' expectations of $296.39 million. During the same quarter last year, the company posted $2.63 earnings per share. Warrior Met Coal's revenue for the quarter was down 40.4% compared to the same quarter last year. As a group, research analysts predict that Warrior Met Coal will post 4.86 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. B. Riley dropped their price objective on shares of Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating on the stock in a report on Tuesday. UBS Group dropped their price target on shares of Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th.

About Warrior Met Coal

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.