Warrior Met Coal (NYSE:HCC) Stock Gets Downgrade from Wall Street Zen

by · The Cerbat Gem

Warrior Met Coal (NYSE:HCC – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.

Several other research analysts have also recently issued reports on the stock. Zacks Research cut shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Warrior Met Coal in a research report on Thursday, October 29th. UBS Group cut their price target on shares of Warrior Met Coal from $102.00 to $97.00 and set a “buy” rating on the stock in a research note on Thursday, November 5th. B. Riley Financial reduced their price target on shares of Warrior Met Coal from $123.00 to $122.00 and set a “buy” rating for the company in a research report on Monday, October 26th. Finally, Weiss Ratings raised shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $109.80.

Read Our Latest Report on Warrior Met Coal

Warrior Met Coal Price Performance

HCC stock opened at $86.00 on Friday. The business has a 50 day moving average price of $91.09 and a 200 day moving average price of $89.71. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 19.59 and a beta of 0.75. Warrior Met Coal has a fifty-two week low of $71.79 and a fifty-two week high of $111.42. The company has a quick ratio of 2.79, a current ratio of 3.93 and a debt-to-equity ratio of 0.10.

Warrior Met Coal (NYSE:HCC – Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.93 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.62). The company had revenue of $507.93 million during the quarter, compared to analysts’ expectations of $505.84 million. Warrior Met Coal had a net margin of 12.47% and a return on equity of 10.49%. The business’s revenue for the quarter was up 54.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 earnings per share. Equities research analysts anticipate that Warrior Met Coal will post 5.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Warrior Met Coal

In other Warrior Met Coal news, CEO Walter J. Scheller sold 50,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $105.00, for a total transaction of $5,250,000.00. Following the transaction, the chief executive officer directly owned 317,793 shares of the company’s stock, valued at approximately $33,368,265. This trade represents a 13.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen Williams sold 4,800 shares of Warrior Met Coal stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $104.23, for a total transaction of $500,304.00. Following the completion of the transaction, the director owned 30,303 shares in the company, valued at approximately $3,158,481.69. This represents a 13.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 104,800 shares of company stock worth $11,250,304 over the last three months. 2.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Warrior Met Coal

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Warrior Met Coal during the 2nd quarter valued at approximately $606,503,000. Goehring & Rozencwajg Associates LLC acquired a new stake in Warrior Met Coal during the 1st quarter worth approximately $55,714,000. Bank of New York Mellon Corp acquired a new stake in Warrior Met Coal during the 2nd quarter worth approximately $31,201,000. Summit Street Capital Management LLC purchased a new position in shares of Warrior Met Coal in the 2nd quarter valued at approximately $25,744,000. Finally, Royce & Associates LP grew its stake in shares of Warrior Met Coal by 447.3% in the 3rd quarter. Royce & Associates LP now owns 252,160 shares of the company’s stock valued at $22,208,000 after purchasing an additional 206,088 shares during the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Company Profile

(Get Free Report)

Warrior Met Coal, Inc is a U.S.-based producer and exporter of premium metallurgical coal, a key ingredient in steelmaking. The company operates underground coal mines in Alabama’s Blue Creek coal seam and sells its products to steel producers in international markets.

Warrior’s operations are located in the state’s Black Warrior River Basin, with coal transported for export through the Port of Mobile. The company was formed in 2016 from assets that had been part of Walter Energy.

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