Warrior Met Coal (NYSE:HCC) Cut to “Sell” at Wall Street Zen

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

HCC has been the subject of several other reports. B. Riley reduced their price objective on Warrior Met Coal from $76.00 to $74.00 and set a “buy” rating for the company in a report on Tuesday, July 22nd. BMO Capital Markets set a $55.00 price target on Warrior Met Coal and gave the stock a “market perform” rating in a research report on Thursday, August 7th. Finally, UBS Group raised their price target on Warrior Met Coal from $50.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 20th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Warrior Met Coal currently has an average rating of “Hold” and an average target price of $63.50.

Warrior Met Coal Stock Performance

Shares of HCC stock opened at $57.91 on Friday. The stock has a fifty day moving average price of $56.37 and a 200 day moving average price of $50.24. The stock has a market cap of $3.04 billion, a PE ratio of 75.21 and a beta of 0.74. Warrior Met Coal has a 1 year low of $38.00 and a 1 year high of $75.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.44 and a current ratio of 4.59.

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

Institutional Investors Weigh In On Warrior Met Coal

Several hedge funds have recently made changes to their positions in HCC. D. E. Shaw & Co. Inc. boosted its holdings in shares of Warrior Met Coal by 14.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 58,877 shares of the company’s stock worth $3,193,000 after purchasing an additional 7,426 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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 worth $1,601,000 after purchasing an additional 1,134 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of Warrior Met Coal during the fourth quarter worth $1,592,000. Wexford Capital LP acquired a new stake in shares of Warrior Met Coal during the fourth quarter worth $3,924,000. Finally, Woodline Partners LP boosted its holdings in shares of Warrior Met Coal by 224.2% during the fourth quarter. Woodline Partners LP now owns 670,380 shares of the company’s stock worth $36,361,000 after purchasing an additional 463,577 shares during the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Company Profile

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.