Warrior Met Coal (NYSE:HCC) Trading Down 6.4% – Here’s Why

Warrior Met Coal (NYSE:HCC)’s stock price fell 6.4% on Monday . The company traded as low as $93.00 and last traded at $92.03. 507,163 shares changed hands during trading, a decline of 38% from the average session volume of 811,771 shares. The stock had previously closed at $98.37.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Warrior Met Coal in a research report on Wednesday, October 8th. B. Riley reiterated a “buy” rating on shares of Warrior Met Coal in a research note on Thursday, November 6th. UBS Group upped their price target on Warrior Met Coal from $80.00 to $86.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Finally, Zacks Research downgraded Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Warrior Met Coal currently has a consensus rating of “Hold” and a consensus target price of $88.00.

Warrior Met Coal Stock Performance

The stock’s 50-day moving average is $87.97 and its 200 day moving average is $71.46. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 134.17 and a beta of 0.63. 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 (NYSE:HCC) last issued its earnings results on Wednesday, November 5th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.91. The business had revenue of $328.59 million during the quarter, compared to the consensus estimate of $302.51 million. Warrior Met Coal had a return on equity of 2.01% and a net margin of 2.87%.The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 EPS. As a group, analysts predict that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Insider Activity

In other Warrior Met Coal news, insider Kelli K. Gant sold 10,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Walter J. Scheller sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $100.31, for a total value of $10,031,000.00. Following the completion of the transaction, the chief executive officer directly owned 294,183 shares of the company’s stock, valued at $29,509,496.73. The trade was a 25.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 128,966 shares of company stock worth $12,453,450 over the last 90 days. 2.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Warrior Met Coal

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Legacy Capital Group California Inc. purchased a new position in Warrior Met Coal during the fourth quarter worth $250,000. M&T Bank Corp purchased a new stake in shares of Warrior Met Coal during the fourth quarter worth about $3,045,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Warrior Met Coal during the fourth quarter valued at approximately $349,000. Clark Asset Management LLC acquired a new stake in Warrior Met Coal during the fourth quarter worth approximately $366,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Warrior Met Coal by 8.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,106 shares of the company’s stock worth $1,685,000 after acquiring an additional 1,534 shares during the period. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Company Profile

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.