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

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

A number of other equities analysts also recently commented on HCC. UBS Group boosted their price objective 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. B. Riley reaffirmed a “buy” rating on shares of Warrior Met Coal in a research report on Thursday, November 6th. BMO Capital Markets increased their target price on Warrior Met Coal from $65.00 to $72.00 and gave the company a “market perform” rating in a report on Thursday, November 6th. Wall Street Zen raised Warrior Met Coal from a “sell” rating to a “hold” rating in a report on Saturday, October 11th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Warrior Met Coal in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $77.33.

Warrior Met Coal Trading Up 0.9%

NYSE HCC opened at $90.78 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.13 and a quick ratio of 3.00. The stock has a market capitalization of $4.77 billion, a P/E ratio of 135.49 and a beta of 0.63. The firm’s 50-day moving average is $80.80 and its two-hundred day moving average is $65.97. Warrior Met Coal has a 12 month low of $38.00 and a 12 month high of $93.20.

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

Insider Activity at Warrior Met Coal

In other news, CEO Walter J. Scheller sold 18,966 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $75.00, for a total value of $1,422,450.00. Following the completion of the sale, the chief executive officer owned 394,183 shares in the company, valued at approximately $29,563,725. This trade represents a 4.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Warrior Met Coal

A number of institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its stake 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 worth $31,000 after buying an additional 467 shares in the last quarter. Hantz Financial Services Inc. raised its position in Warrior Met Coal by 266.1% in the third quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock worth $40,000 after acquiring an additional 455 shares in the last quarter. Jones Financial Companies Lllp raised its position in Warrior Met Coal by 4,337.5% in the third quarter. Jones Financial Companies Lllp now owns 710 shares of the company’s stock worth $45,000 after acquiring an additional 694 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its holdings in Warrior Met Coal by 919.6% in the third quarter. Aster Capital Management DIFC Ltd now owns 938 shares of the company’s stock valued at $60,000 after acquiring an additional 846 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Warrior Met Coal by 23.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,346 shares of the company’s stock worth $62,000 after purchasing an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

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.