Warrior Met Coal (NYSE:HCC) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen cut shares of Warrior Met Coal (NYSE:HCC) from a buy rating to a hold rating in a report issued on Saturday morning.

Several other research firms have also commented on HCC. Zacks Research lowered Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. UBS Group set a $108.00 price target on shares of Warrior Met Coal and gave the stock a “buy” rating in a research report on Thursday, January 29th. BMO Capital Markets lifted their price objective on shares of Warrior Met Coal from $65.00 to $72.00 and gave the company a “market perform” rating in a report on Thursday, November 6th. Jefferies Financial Group upped their target price on shares of Warrior Met Coal from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Finally, B. Riley Financial reissued a “buy” rating on shares of Warrior Met Coal in a research report on Thursday, November 6th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $93.50.

Warrior Met Coal Stock Up 2.9%

Shares of HCC opened at $89.01 on Friday. The company’s 50-day moving average price is $89.71 and its 200 day moving average price is $73.23. Warrior Met Coal has a 12-month low of $38.00 and a 12-month high of $105.35. The company has a current ratio of 4.13, a quick ratio of 3.00 and a debt-to-equity ratio of 0.12. The firm has a market cap of $4.68 billion, a P/E ratio of 132.85 and a beta of 0.65.

Warrior Met Coal (NYSE:HCC) last announced 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 business had revenue of $328.59 million during the quarter, compared to analysts’ expectations of $302.51 million. During the same period last year, the business earned $0.80 earnings per share. The business’s revenue for the quarter was up .3% on a year-over-year basis. On average, sell-side analysts forecast that Warrior Met Coal will post 4.86 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Walter J. Scheller sold 100,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 294,183 shares of the company’s stock, 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 stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $100.00, for a total value of $1,000,000.00. Following the completion of the transaction, the insider owned 70,580 shares in the company, valued at approximately $7,058,000. The trade was a 12.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Warrior Met Coal

Hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Warrior Met Coal by 217.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after buying an additional 467 shares in the last quarter. IFP Advisors Inc purchased a new position in shares of Warrior Met Coal during the fourth quarter worth about $37,000. Hantz Financial Services Inc. increased its position in shares of Warrior Met Coal by 266.1% during the third quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock worth $40,000 after purchasing an additional 455 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Warrior Met Coal by 4,337.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 710 shares of the company’s stock valued at $45,000 after purchasing an additional 694 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its holdings in shares of Warrior Met Coal by 919.6% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 938 shares of the company’s stock valued at $60,000 after purchasing an additional 846 shares during the last quarter. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

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.