Warrior Met Coal (NYSE:HCC) Upgraded at UBS Group

Warrior Met Coal (NYSE:HCC) was upgraded by equities researchers at UBS Group from a “hold” rating to a “buy” rating in a report released on Thursday, MarketBeat.com reports. The brokerage currently has a $108.00 price target on the stock, up from their prior price target of $100.00. UBS Group’s price target would suggest a potential upside of 17.44% from the company’s previous close.

Several other analysts have also recently issued reports on the stock. BMO Capital Markets increased their price target on shares of Warrior Met Coal from $65.00 to $72.00 and gave the stock a “market perform” rating in a research report on Thursday, November 6th. Wall Street Zen upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Zacks Research downgraded Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Jefferies Financial Group increased their price target on Warrior Met Coal from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Warrior Met Coal in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Warrior Met Coal currently has an average rating of “Hold” and a consensus price target of $93.50.

Warrior Met Coal Stock Up 2.1%

Warrior Met Coal stock opened at $91.96 on Thursday. The company has a market capitalization of $4.83 billion, a PE ratio of 137.26 and a beta of 0.63. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.00 and a current ratio of 4.13. Warrior Met Coal has a fifty-two week low of $38.00 and a fifty-two week high of $105.35. The firm has a 50 day moving average price of $88.35 and a 200 day moving average price of $71.60.

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

Insider Activity

In other news, CEO Walter J. Scheller sold 100,000 shares of the stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $100.31, for a total value of $10,031,000.00. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kelli K. Gant sold 10,000 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 70,580 shares in the company, valued at $7,058,000. This trade represents a 12.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 128,966 shares of company stock valued at $12,453,450. Insiders own 2.10% of the company’s stock.

Institutional Trading of Warrior Met Coal

Several institutional investors have recently modified their holdings of HCC. State Street Corp boosted its holdings in shares of Warrior Met Coal by 25.2% in the 2nd quarter. State Street Corp now owns 4,099,070 shares of the company’s stock valued at $187,860,000 after buying an additional 825,807 shares in the last quarter. L1 Capital Pty Ltd lifted its position in 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 during the last quarter. American Century Companies Inc. boosted 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 valued at $88,037,000 after acquiring an additional 23,698 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in shares of Warrior Met Coal by 130.4% during 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 purchasing an additional 1,069,025 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Warrior Met Coal by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,833,578 shares of the company’s stock worth $116,687,000 after purchasing an additional 5,077 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

About Warrior Met Coal

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.