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

Warrior Met Coal (NYSE:HCC) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Other analysts have also recently issued reports about the stock. UBS Group cut their price target on shares of Warrior Met Coal from $102.00 to $100.00 and set a “buy” rating on the stock 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 raised shares of Warrior Met Coal from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, June 29th. Citigroup reissued a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. Finally, B. Riley Financial upped their target price on shares of Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $103.00.

Warrior Met Coal Price Performance

HCC stock opened at $79.01 on Friday. The stock’s 50 day moving average is $88.67 and its two-hundred day moving average is $89.37. Warrior Met Coal has a 52-week low of $49.07 and a 52-week high of $110.39. The company has a market capitalization of $4.17 billion, a PE ratio of 30.16 and a beta of 0.65. The company has a quick ratio of 2.42, a current ratio of 3.48 and a debt-to-equity ratio of 0.11.

Warrior Met Coal (NYSE:HCC) last released its 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 net margin of 9.36% and a return on equity of 6.44%. The business had revenue of $458.59 million for the quarter, compared to analysts’ expectations of $467.57 million. During the same quarter last year, the company posted ($0.16) earnings per share. The business’s quarterly revenue was up 52.9% compared to the same quarter last year. Analysts predict that Warrior Met Coal will post 6.89 earnings per share 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 dated 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 owned 67,775 shares of the company’s stock, valued at $7,455,250. This trade represents a 22.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Warrior Met Coal

Institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Warrior Met Coal by 2,821,294.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 987,488 shares of the company’s stock worth $87,067,000 after purchasing an additional 987,453 shares during the last quarter. SG Americas Securities LLC grew its stake in Warrior Met Coal by 7,875.9% during the 4th quarter. SG Americas Securities LLC now owns 182,250 shares of the company’s stock worth $16,069,000 after buying an additional 179,965 shares during the last quarter. M&T Bank Corp acquired a new stake in Warrior Met Coal in the fourth quarter worth $3,045,000. Hosking Partners LLP increased its position in Warrior Met Coal by 2.9% in the fourth quarter. Hosking Partners LLP now owns 667,638 shares of the company’s stock worth $58,866,000 after buying an additional 19,030 shares during the period. Finally, Moran Wealth Management LLC lifted its stake in Warrior Met Coal by 25.8% in the fourth quarter. Moran Wealth Management LLC now owns 31,132 shares of the company’s stock valued at $2,745,000 after buying an additional 6,392 shares during the last quarter. 92.28% of the stock is owned by institutional investors.

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.