Warrior Met Coal (NYSE:HCC) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Warrior Met Coal (NYSE:HCC) from a buy rating to a hold rating in a report published on Saturday.

Several other research firms also recently weighed in on HCC. Jefferies Financial Group increased their price objective on Warrior Met Coal from $95.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. UBS Group set a $108.00 price target on shares of Warrior Met Coal and gave the stock a “buy” rating in a research note on Thursday, January 29th. B. Riley Financial reissued a “buy” rating on shares of Warrior Met Coal in a research report on Thursday, November 6th. Zacks Research cut shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Finally, BMO Capital Markets increased their target price 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. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $93.50.

Warrior Met Coal Stock Up 5.7%

HCC opened at $94.15 on Friday. The business’s 50-day simple moving average is $90.04 and its 200-day simple moving average is $73.59. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.00 and a current ratio of 4.13. Warrior Met Coal has a one year low of $38.00 and a one year high of $105.35. The stock has a market capitalization of $4.95 billion, a P/E ratio of 140.52 and a beta of 0.65.

Insider Buying and Selling at Warrior Met Coal

In related news, CEO Walter J. Scheller sold 100,000 shares of the company’s 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 completion of the sale, the chief executive officer directly owned 294,183 shares of the company’s stock, valued at approximately $29,509,496.73. This represents a 25.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kelli K. Gant sold 10,000 shares of the 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 completion of the sale, the insider owned 70,580 shares of the company’s stock, valued at approximately $7,058,000. This represents a 12.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Warrior Met Coal

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HCC. EverSource Wealth Advisors LLC lifted its stake in shares of Warrior Met Coal by 217.2% in the second 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 purchased a new stake in Warrior Met Coal during the 4th quarter worth approximately $37,000. Hantz Financial Services Inc. raised its position in shares of Warrior Met Coal by 266.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock valued at $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% during the 3rd quarter. Jones Financial Companies Lllp now owns 710 shares of the company’s stock valued at $45,000 after buying an additional 694 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd grew its position in shares of Warrior Met Coal by 919.6% during the third quarter. Aster Capital Management DIFC Ltd now owns 938 shares of the company’s stock worth $60,000 after buying an additional 846 shares in the last quarter. 92.28% of the stock is owned by hedge funds and other institutional investors.

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.