Warrior Met Coal’s (HCC) “Hold” Rating Reiterated at Benchmark

Warrior Met Coal (NYSE:HCC)‘s stock had its “hold” rating reiterated by analysts at Benchmark in a report released on Friday,Benzinga reports.

Several other research firms have also recently issued reports on HCC. B. Riley increased their target price on shares of Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group lowered their price objective on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.00.

Warrior Met Coal Stock Performance

Shares of NYSE HCC traded down $4.12 during mid-day trading on Friday, hitting $49.97. The company had a trading volume of 1,113,939 shares, compared to its average volume of 692,351. The company has a current ratio of 5.81, a quick ratio of 4.67 and a debt-to-equity ratio of 0.09. Warrior Met Coal has a 1 year low of $49.51 and a 1 year high of $75.53. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 6.90 and a beta of 1.07. The stock’s 50-day moving average price is $55.32 and its 200-day moving average price is $59.99.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Thursday, February 13th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.34). Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. On average, sell-side analysts forecast that Warrior Met Coal will post 5.3 earnings per share for the current year.

Hedge Funds Weigh In On Warrior Met Coal

Several institutional investors and hedge funds have recently made changes to their positions in HCC. Blue Trust Inc. grew its position in Warrior Met Coal by 48.5% during the 3rd quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $35,000 after acquiring an additional 180 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Warrior Met Coal in the fourth quarter worth about $43,000. GAMMA Investing LLC grew its position in shares of Warrior Met Coal by 56.7% in the 4th quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock worth $54,000 after buying an additional 358 shares during the last quarter. Quadrant Capital Group LLC increased its position in Warrior Met Coal by 31.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company’s stock valued at $64,000 after purchasing an additional 279 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in Warrior Met Coal by 304.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company’s stock worth $75,000 after purchasing an additional 1,040 shares in the last quarter. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.