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

Warrior Met Coal (NYSE:HCC) was upgraded by investment analysts at UBS Group from a “hold” rating to a “buy” rating in a research report issued on Thursday, Marketbeat Ratings reports. The firm presently has a $108.00 price objective on the stock, up from their prior price objective of $100.00. UBS Group’s target price points to a potential upside of 20.95% from the company’s previous close.

Several other research analysts also recently commented on HCC. Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Warrior Met Coal in a report on Wednesday, October 8th. Jefferies Financial Group upped their price objective 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. Zacks Research downgraded shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Finally, B. Riley reaffirmed a “buy” rating on shares of Warrior Met Coal in a research note on Thursday, November 6th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $93.50.

Warrior Met Coal Stock Down 3.0%

Shares of HCC opened at $89.29 on Thursday. The firm has a 50 day simple moving average of $88.63 and a two-hundred day simple moving average of $71.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.13 and a quick ratio of 3.00. Warrior Met Coal has a one year low of $38.00 and a one year high of $105.35. The company has a market cap of $4.69 billion, a P/E ratio of 133.27 and a beta of 0.63.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.91. Warrior Met Coal had a return on equity of 2.01% and a net margin of 2.87%.The company had revenue of $328.59 million for the quarter, compared to analyst estimates of $302.51 million. During the same quarter last year, the company posted $0.80 EPS. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Research analysts forecast 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 firm’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $100.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the insider owned 70,580 shares of the company’s stock, valued at approximately $7,058,000. This trade represents a 12.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Walter J. Scheller sold 100,000 shares of Warrior Met Coal stock in a transaction on Monday, January 12th. The stock was sold at an average price of $100.31, for a total transaction of $10,031,000.00. Following the transaction, the chief executive officer owned 294,183 shares in the company, valued at approximately $29,509,496.73. This trade represents a 25.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 128,966 shares of company stock valued at $12,453,450. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Warrior Met Coal

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of Warrior Met Coal by 1.3% during 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 in the last quarter. QV Investors Inc. acquired a new position in shares of Warrior Met Coal during the 3rd quarter valued at $10,549,000. Creative Planning lifted its position in shares of Warrior Met Coal by 15.7% during the 2nd quarter. Creative Planning now owns 24,376 shares of the company’s stock valued at $1,117,000 after acquiring an additional 3,312 shares during the period. 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 stake in Warrior Met Coal in the second quarter worth $207,000. Institutional investors and hedge funds 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.