Zacks Research Downgrades Warrior Met Coal (NYSE:HCC) to Hold

Warrior Met Coal (NYSE:HCC) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other equities analysts have also issued reports on HCC. BMO Capital Markets boosted their price target on Warrior Met Coal from $65.00 to $72.00 and gave the company a “market perform” rating in a research note on Thursday, November 6th. B. Riley restated a “buy” rating on shares of Warrior Met Coal in a research report on Thursday, November 6th. UBS Group raised their target price on Warrior Met Coal from $80.00 to $86.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Wall Street Zen upgraded shares of Warrior Met Coal from a “sell” rating to a “hold” rating in a research note on Saturday, October 11th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Warrior Met Coal in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Warrior Met Coal presently has an average rating of “Hold” and a consensus price target of $77.33.

Warrior Met Coal Trading Up 1.0%

Shares of HCC stock opened at $90.84 on Monday. The firm has a market capitalization of $4.78 billion, a P/E ratio of 135.29 and a beta of 0.63. Warrior Met Coal has a 1 year low of $38.00 and a 1 year high of $93.20. The firm’s fifty day simple moving average is $80.80 and its 200 day simple moving average is $65.97. The company has a current ratio of 4.13, a quick ratio of 3.00 and a debt-to-equity ratio of 0.12.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.91. Warrior Met Coal had a net margin of 2.87% and a return on equity of 2.01%. The firm had revenue of $328.59 million during the quarter, compared to the consensus estimate of $302.51 million. During the same period in the prior year, the firm earned $0.80 EPS. The business’s revenue was up .3% on a year-over-year basis. As a group, sell-side analysts predict that Warrior Met Coal will post 4.86 EPS for the current year.

Insiders Place Their Bets

In other Warrior Met Coal news, CEO Walter J. Scheller sold 18,966 shares of Warrior Met Coal stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $75.00, for a total value of $1,422,450.00. Following the completion of the transaction, the chief executive officer owned 394,183 shares in the company, valued at approximately $29,563,725. The trade was a 4.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its position in Warrior Met Coal by 18.3% during the 4th quarter. GAMMA Investing LLC now owns 2,165 shares of the company’s stock worth $191,000 after buying an additional 335 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in Warrior Met Coal in the 3rd quarter worth approximately $354,000. CANADA LIFE ASSURANCE Co lifted its holdings in Warrior Met Coal by 3.6% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 47,367 shares of the company’s stock worth $2,999,000 after buying an additional 1,663 shares in the last quarter. Wexford Capital LP acquired a new position in Warrior Met Coal during the 3rd quarter worth $117,000. Finally, Millennium Management LLC bought a new position in Warrior Met Coal in the 3rd quarter valued at $1,054,000. 92.28% of the stock is owned by institutional investors.

Warrior Met Coal Company 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.