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

Zacks Research cut shares of Warrior Met Coal (NYSE:HCC) from a hold rating to a strong sell rating in a research report report published on Thursday,Zacks.com reports.

A number of other analysts have also issued reports on HCC. Wall Street Zen lowered Warrior Met Coal from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reissued a “hold (c-)” rating on shares of Warrior Met Coal in a research report on Wednesday, October 8th. Jefferies Financial Group boosted their target price on shares of Warrior Met Coal from $95.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. BMO Capital Markets increased their price target on shares of Warrior Met Coal from $65.00 to $72.00 and gave the stock a “market perform” rating in a research note on Thursday, November 6th. Finally, UBS Group set a $108.00 price target on shares of Warrior Met Coal and gave the company a “buy” rating in a report on Thursday, January 29th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $93.50.

Warrior Met Coal Stock Up 2.9%

Shares of NYSE:HCC opened at $89.01 on Thursday. The company has a quick ratio of 3.00, a current ratio of 4.13 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $4.68 billion, a P/E ratio of 132.85 and a beta of 0.65. Warrior Met Coal has a 52-week low of $38.00 and a 52-week high of $105.35. The stock’s fifty day simple moving average is $89.71 and its 200-day simple moving average is $73.23.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data 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 net margin of 2.87% and a return on equity of 2.01%. The business had revenue of $328.59 million for the quarter, compared to the consensus estimate of $302.51 million. During the same quarter in the prior year, the firm posted $0.80 earnings per share. The company’s quarterly revenue was up .3% compared to the same quarter last year. As a group, equities research analysts forecast that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Insider Buying and Selling 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 value of $1,000,000.00. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Walter J. Scheller sold 100,000 shares of Warrior Met Coal stock in a transaction on Monday, January 12th. The shares were 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 $29,509,496.73. The trade was a 25.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Warrior Met Coal

A number of large investors have recently modified their holdings of HCC. EverSource Wealth Advisors LLC lifted its position in Warrior Met Coal by 217.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after acquiring an additional 467 shares in the last quarter. IFP Advisors Inc acquired a new position in shares of Warrior Met Coal during the fourth quarter worth $37,000. Hantz Financial Services Inc. lifted its position in shares of Warrior Met Coal by 266.1% during the third quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock worth $40,000 after purchasing an additional 455 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Warrior Met Coal by 4,337.5% in the third quarter. Jones Financial Companies Lllp now owns 710 shares of the company’s stock valued at $45,000 after purchasing an additional 694 shares during the period. Finally, Aster Capital Management DIFC Ltd grew its holdings in Warrior Met Coal by 919.6% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 938 shares of the company’s stock valued at $60,000 after purchasing an additional 846 shares in the last quarter. 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.