Warrior Met Coal (NYSE:HCC) Rating Lowered to “Strong Sell” at Zacks Research

Warrior Met Coal (NYSE:HCC) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group lifted their target price on shares of Warrior Met Coal from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. B. Riley Financial reiterated a “buy” rating on shares of Warrior Met Coal in a report on Thursday, November 6th. UBS Group set a $108.00 target price on Warrior Met Coal and gave the company a “buy” rating in a report on Thursday, January 29th. Wall Street Zen cut Warrior Met Coal from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, BMO Capital Markets boosted their price objective on Warrior Met Coal from $65.00 to $72.00 and gave the company a “market perform” rating in a research report on Thursday, November 6th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $93.50.

Warrior Met Coal Stock Performance

Shares of NYSE HCC opened at $89.01 on Thursday. The stock’s 50-day moving average is $89.71 and its 200 day moving average is $73.14. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 132.85 and a beta of 0.65. Warrior Met Coal has a 1-year low of $38.00 and a 1-year high of $105.35. The company has a current ratio of 4.13, a quick ratio of 3.00 and a debt-to-equity ratio of 0.12.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, November 5th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.91. The business had revenue of $328.59 million during 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%.Warrior Met Coal’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 earnings per share. On average, sell-side analysts anticipate that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Insider Activity at Warrior Met Coal

In other news, insider Kelli K. Gant sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $100.00, for a total transaction of $1,000,000.00. Following the transaction, the insider directly owned 70,580 shares of the company’s stock, valued at approximately $7,058,000. The trade was a 12.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Walter J. Scheller sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $100.31, for a total value of $10,031,000.00. Following the transaction, the chief executive officer owned 294,183 shares of the company’s stock, valued at approximately $29,509,496.73. This represents a 25.37% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Warrior Met Coal

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in shares of Warrior Met Coal by 1.3% in the 2nd quarter. Geode Capital Management LLC now owns 1,269,888 shares of the company’s stock worth $58,210,000 after buying an additional 15,851 shares during the period. Allianz Asset Management GmbH boosted its stake in Warrior Met Coal by 9.2% during the third quarter. Allianz Asset Management GmbH now owns 1,543,673 shares of the company’s stock worth $98,239,000 after acquiring an additional 130,396 shares in the last quarter. QV Investors Inc. purchased a new stake in Warrior Met Coal in the third quarter worth about $10,549,000. Creative Planning increased its stake in shares of Warrior Met Coal by 15.7% during the second quarter. Creative Planning now owns 24,376 shares of the company’s stock valued at $1,117,000 after purchasing an additional 3,312 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Warrior Met Coal during the second quarter valued at approximately $798,000. Hedge funds and other institutional investors own 92.28% of the company’s stock.

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.