Zacks Research Upgrades Warrior Met Coal (NYSE:HCC) to Strong-Buy

Warrior Met Coal (NYSE:HCC) was upgraded by Zacks Research from a “strong sell” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. Weiss Ratings raised shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 3rd. Citigroup reaffirmed a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. B. Riley Financial boosted their price objective on Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Finally, UBS Group cut their price objective on Warrior Met Coal from $102.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Warrior Met Coal presently has an average rating of “Moderate Buy” and a consensus target price of $103.00.

Warrior Met Coal Trading Up 0.6%

Shares of HCC stock opened at $81.31 on Monday. Warrior Met Coal has a 1-year low of $43.43 and a 1-year high of $110.39. The company has a market cap of $4.29 billion, a price-to-earnings ratio of 31.04 and a beta of 0.62. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.48 and a quick ratio of 2.42. The stock has a 50 day simple moving average of $90.78 and a 200-day simple moving average of $89.96.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.04). The company had revenue of $458.59 million during the quarter, compared to analysts’ expectations of $467.57 million. Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.Warrior Met Coal’s revenue was up 52.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.16) EPS. On average, equities research analysts expect that Warrior Met Coal will post 6.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other Warrior Met Coal news, insider Kelli K. Gant sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total value of $2,200,000.00. Following the transaction, the insider directly owned 67,775 shares of the company’s stock, valued at $7,455,250. This trade represents a 22.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Warrior Met Coal

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Warrior Met Coal by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,860 shares of the company’s stock worth $1,473,000 after buying an additional 1,351 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of Warrior Met Coal by 14.6% during the 1st quarter. Intech Investment Management LLC now owns 34,812 shares of the company’s stock worth $1,661,000 after acquiring an additional 4,441 shares during the period. Hsbc Holdings PLC boosted its position in shares of Warrior Met Coal by 7.7% during the 2nd quarter. Hsbc Holdings PLC now owns 6,479 shares of the company’s stock valued at $300,000 after acquiring an additional 464 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Warrior Met Coal by 217.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after acquiring an additional 467 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Warrior Met Coal by 75.1% during the 2nd quarter. Marshall Wace LLP now owns 10,085 shares of the company’s stock valued at $462,000 after acquiring an additional 4,324 shares during the last quarter. Institutional investors and hedge funds 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.