Warrior Met Coal (NYSE:HCC) Raised to “Hold” at Wall Street Zen

Warrior Met Coal (NYSE:HCC) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Friday.

Several other research firms have also commented on HCC. BMO Capital Markets set a $55.00 price target on shares of Warrior Met Coal and gave the company a “market perform” rating in a report on Thursday, August 7th. B. Riley decreased their price target on shares of Warrior Met Coal from $76.00 to $74.00 and set a “buy” rating for the company in a report on Tuesday, July 22nd. Finally, UBS Group lifted their price target on shares of Warrior Met Coal from $50.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $63.50.

Warrior Met Coal Trading Up 9.9%

NYSE HCC opened at $60.62 on Friday. Warrior Met Coal has a one year low of $38.00 and a one year high of $75.15. The company has a 50-day simple moving average of $55.34 and a 200-day simple moving average of $49.91. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.44 and a current ratio of 4.59. The firm has a market capitalization of $3.19 billion, a PE ratio of 78.73 and a beta of 0.74.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.28) by $0.39. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. The business had revenue of $297.52 million during the quarter, compared to analyst estimates of $285.63 million. During the same period in the previous year, the business posted $1.35 EPS. The company’s quarterly revenue was down 25.0% on a year-over-year basis. On average, equities analysts forecast that Warrior Met Coal will post 4.86 earnings per share for the current year.

Institutional Trading of Warrior Met Coal

A number of hedge funds and other institutional investors have recently made changes to their positions in HCC. Northern Trust Corp raised its position in shares of Warrior Met Coal by 7.2% during the 4th quarter. Northern Trust Corp now owns 645,961 shares of the company’s stock worth $35,037,000 after buying an additional 43,658 shares in the last quarter. Cresset Asset Management LLC raised its position in shares of Warrior Met Coal by 6.4% during the 4th quarter. Cresset Asset Management LLC now owns 37,387 shares of the company’s stock worth $2,028,000 after buying an additional 2,257 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Warrior Met Coal by 14.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 58,877 shares of the company’s stock worth $3,193,000 after buying an additional 7,426 shares in the last quarter. Lloyd Harbor Capital Management LLC bought a new stake in shares of Warrior Met Coal during the 4th quarter worth about $8,407,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Warrior Met Coal by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,509 shares of the company’s stock valued at $1,601,000 after buying an additional 1,134 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors.

About Warrior Met Coal

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.