Warrior Met Coal (NYSE:HCC) Rating Lowered to Hold at Wall Street Zen

Warrior Met Coal (NYSE:HCCGet Free Report) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Several other research analysts have also commented on HCC. Weiss Ratings lowered Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 30th. UBS Group reduced their price objective on Warrior Met Coal from $102.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. B. Riley Financial upped their target price on Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Zacks Research upgraded Warrior Met Coal from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, June 29th. Finally, Citigroup reiterated a “buy” rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Warrior Met Coal currently has an average rating of “Moderate Buy” and an average price target of $103.00.

Check Out Our Latest Stock Report on Warrior Met Coal

Warrior Met Coal Price Performance

Warrior Met Coal stock opened at $79.01 on Friday. Warrior Met Coal has a 52-week low of $49.07 and a 52-week high of $110.39. The firm has a fifty day moving average of $88.67 and a 200-day moving average of $89.37. The firm has a market capitalization of $4.17 billion, a P/E ratio of 30.16 and a beta of 0.65. The company has a quick ratio of 2.42, a current ratio of 3.48 and a debt-to-equity ratio of 0.11.

Warrior Met Coal (NYSE:HCCGet Free Report) last issued its earnings results on Thursday, April 30th. The company reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). Warrior Met Coal had a net margin of 9.36% and a return on equity of 6.44%. The business had revenue of $458.59 million during the quarter, compared to analysts’ expectations of $467.57 million. During the same period in the prior year, the business posted ($0.16) EPS. The business’s revenue was up 52.9% on a year-over-year basis. As a group, analysts predict that Warrior Met Coal will post 6.89 EPS for the current year.

Insiders Place Their Bets

In other Warrior Met Coal news, insider Kelli K. Gant sold 20,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the transaction, the insider directly owned 67,775 shares of the company’s stock, valued at $7,455,250. This represents a 22.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.10% of the stock is currently owned by insiders.

Institutional Trading of Warrior Met Coal

A number of hedge funds and other institutional investors have recently modified their holdings of HCC. Meeder Asset Management Inc. purchased a new position in Warrior Met Coal in the fourth quarter valued at about $31,000. Parallel Advisors LLC increased its holdings in Warrior Met Coal by 272.1% during the 4th quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock worth $36,000 after purchasing an additional 302 shares during the last quarter. IFP Advisors Inc purchased a new stake in Warrior Met Coal during the 4th quarter worth approximately $37,000. EverSource Wealth Advisors LLC increased its holdings 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 purchasing an additional 467 shares during the last quarter. Finally, Bayforest Capital Ltd acquired a new position in shares of Warrior Met Coal in the 4th quarter valued at approximately $63,000. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Warrior Met Coal (NYSE:HCC)

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