Warrior Met Coal (NYSE:HCC) Stock Gets Downgrade from Wall Street Zen

Warrior Met Coal (NYSE:HCC) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday, Wall Street Zen reports.

Several other brokerages have also commented on HCC. B. Riley Financial decreased their price objective on shares of Warrior Met Coal from $123.00 to $122.00 and set a “buy” rating for the company in a research report on Monday, October 26th. UBS Group lifted their price target on Warrior Met Coal from $98.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, October 8th. Weiss Ratings raised shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Royal Bank Of Canada increased their price target on shares of Warrior Met Coal from $90.00 to $110.00 and gave the company a “sector perform” rating in a research report on Wednesday, September 16th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Warrior Met Coal in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Warrior Met Coal presently has a consensus rating of “Moderate Buy” and an average target price of $104.33.

Warrior Met Coal Trading Down 0.3%

Shares of Warrior Met Coal stock opened at $85.72 on Friday. The company has a quick ratio of 2.79, a current ratio of 3.93 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $4.53 billion, a P/E ratio of 20.61 and a beta of 0.72. The company has a 50-day simple moving average of $93.97 and a 200 day simple moving average of $90.25. Warrior Met Coal has a 12-month low of $64.27 and a 12-month high of $111.42.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.25. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The company had revenue of $509.69 million during the quarter, compared to the consensus estimate of $488.46 million. During the same quarter in the prior year, the firm posted $0.11 EPS. The firm’s quarterly revenue was up 71.3% on a year-over-year basis. Research analysts expect that Warrior Met Coal will post 6.97 earnings per share for the current fiscal year.

Insider Buying and Selling at Warrior Met Coal

In other news, CEO Walter Scheller sold 50,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $105.00, for a total transaction of $5,250,000.00. Following the completion of the sale, the chief executive officer owned 317,793 shares in the company, valued at $33,368,265. The trade was a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen D. Williams sold 4,800 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $104.23, for a total transaction of $500,304.00. Following the completion of the transaction, the director directly owned 30,303 shares in the company, valued at $3,158,481.69. The trade was a 13.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 104,800 shares of company stock valued at $11,250,304 over the last 90 days. Insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Warrior Met Coal

Several large investors have recently made changes to their positions in the business. Arizona State Retirement System boosted its holdings in shares of Warrior Met Coal by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 14,569 shares of the company’s stock worth $1,182,000 after purchasing an additional 113 shares during the period. Kestra Advisory Services LLC grew its holdings in Warrior Met Coal by 1.5% during the first quarter. Kestra Advisory Services LLC now owns 11,440 shares of the company’s stock worth $1,066,000 after acquiring an additional 172 shares during the period. GAMMA Investing LLC raised its stake in Warrior Met Coal by 9.9% during the second quarter. GAMMA Investing LLC now owns 2,560 shares of the company’s stock worth $208,000 after purchasing an additional 230 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Warrior Met Coal by 11.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,715 shares of the company’s stock valued at $220,000 after acquiring an additional 272 shares during the last quarter. Finally, Hardin Capital Partners LLC grew its stake in shares of Warrior Met Coal by 11.6% in the 3rd quarter. Hardin Capital Partners LLC now owns 2,893 shares of the company’s stock worth $255,000 after purchasing an additional 300 shares during the last quarter. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc is a mining company focused on the production and export of high-quality metallurgical coal, also known as met coal. Its products are used primarily by steelmakers in the blast-furnace steelmaking process, where metallurgical coal is converted into coke to support the production of iron and steel.

The company operates underground coal mines and related processing facilities in the Brookwood coal-producing region of Alabama. Warrior Met Coal primarily produces premium hard coking coal and sells its products to customers in international steel markets, serving regions that include Europe, Asia, and the Americas.

Warrior Met Coal was formed from the assets of Walter Energy after Walter Energy’s bankruptcy and began operating as an independent public company in 2016.