Warrior Met Coal (NYSE:HCC) Upgraded by UBS Group to Buy Rating

UBS Group upgraded shares of Warrior Met Coal (NYSE:HCC) from a hold rating to a buy rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm currently has $108.00 price target on the stock, up from their previous price target of $100.00.

A number of other analysts have also recently issued reports on the company. Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Warrior Met Coal in a research note on Wednesday, October 8th. Jefferies Financial Group lifted their price target on Warrior Met Coal from $95.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. B. Riley restated a “buy” rating on shares of Warrior Met Coal in a report on Thursday, November 6th. Finally, Zacks Research lowered shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Warrior Met Coal currently has a consensus rating of “Hold” and an average price target of $93.50.

Warrior Met Coal Stock Performance

Shares of HCC opened at $91.96 on Thursday. The company has a market capitalization of $4.83 billion, a PE ratio of 137.26 and a beta of 0.63. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.00 and a current ratio of 4.13. The company’s 50 day moving average price is $88.35 and its 200 day moving average price is $71.60. Warrior Met Coal has a 52 week low of $38.00 and a 52 week high of $105.35.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, November 5th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.91. Warrior Met Coal had a net margin of 2.87% and a return on equity of 2.01%. The company had revenue of $328.59 million during the quarter, compared to the consensus estimate of $302.51 million. During the same quarter in the prior year, the firm earned $0.80 EPS. The company’s revenue was up .3% compared to the same quarter last year. Research analysts expect that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Insider Activity at Warrior Met Coal

In other news, CEO Walter J. Scheller sold 100,000 shares of Warrior Met Coal 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 $29,509,496.73. This trade represents a 25.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kelli K. Gant sold 10,000 shares of the business’s stock in a transaction 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 completion of the sale, the insider owned 70,580 shares of the company’s stock, valued at $7,058,000. The trade was a 12.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 128,966 shares of company stock worth $12,453,450. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Warrior Met Coal

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its position in 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. QV Investors Inc. bought a new stake in shares of Warrior Met Coal in the third quarter valued at approximately $10,549,000. Creative Planning grew its stake in shares of Warrior Met Coal by 15.7% in the second quarter. Creative Planning now owns 24,376 shares of the company’s stock worth $1,117,000 after acquiring an additional 3,312 shares during the last quarter. XTX Topco Ltd bought a new position in Warrior Met Coal during the second quarter worth $798,000. Finally, Envestnet Asset Management Inc. acquired a new position in Warrior Met Coal during the 2nd quarter valued at $207,000. 92.28% of the stock is owned by institutional investors and hedge funds.

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.