Warrior Met Coal (NYSE:HCC) Cut to Hold at Wall Street Zen

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

Several other analysts have also recently issued reports on HCC. Citigroup reissued a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. UBS Group lowered their price target on shares of Warrior Met Coal from $102.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Weiss Ratings lowered shares of Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 30th. Zacks Research upgraded shares of Warrior Met Coal from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, June 29th. Finally, B. Riley Financial lifted their price target on Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $103.00.

Warrior Met Coal Stock Up 0.3%

Warrior Met Coal stock opened at $79.16 on Friday. The company has a market capitalization of $4.18 billion, a PE ratio of 30.21 and a beta of 0.65. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.42 and a current ratio of 3.48. Warrior Met Coal has a fifty-two week low of $49.07 and a fifty-two week high of $110.39. The firm has a 50 day moving average price of $88.51 and a 200 day moving average price of $89.30.

Warrior Met Coal (NYSE:HCC) last released 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). Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.The firm had revenue of $458.59 million for the quarter, compared to analysts’ expectations of $467.57 million. During the same quarter in the prior year, the business earned ($0.16) earnings per share. The company’s quarterly revenue was up 52.9% on a year-over-year basis. Research analysts expect that Warrior Met Coal will post 6.89 earnings per share for the current year.

Insider Activity

In related news, insider Kelli K. Gant sold 20,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the completion of the transaction, the insider directly owned 67,775 shares of the company’s stock, valued at $7,455,250. This represents a 22.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Warrior Met Coal

Hedge funds and other institutional investors have recently modified their holdings of the stock. Meeder Asset Management Inc. acquired a new position in shares of Warrior Met Coal in the fourth quarter worth $31,000. EverSource Wealth Advisors LLC boosted its stake in shares of Warrior Met Coal by 217.2% during the second 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. Parallel Advisors LLC increased its position in Warrior Met Coal by 272.1% during the 4th quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock worth $36,000 after purchasing an additional 302 shares in the last quarter. IFP Advisors Inc acquired a new position in Warrior Met Coal in the 4th quarter valued at about $37,000. Finally, Bayforest Capital Ltd acquired a new position in Warrior Met Coal in the 4th quarter valued at about $63,000. 92.28% of the stock is currently owned by institutional investors and hedge funds.

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.