Warrior Met Coal (NYSE:HCC) Lowered to “Hold” Rating by Zacks Research

Zacks Research cut shares of Warrior Met Coal (NYSE:HCC) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

Several other research analysts also recently weighed in on HCC. UBS Group upped their price objective on shares of Warrior Met Coal from $80.00 to $86.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Warrior Met Coal in a research report on Wednesday, October 8th. BMO Capital Markets raised their price target on shares of Warrior Met Coal from $65.00 to $72.00 and gave the company a “market perform” rating in a research report on Thursday, November 6th. Wall Street Zen upgraded Warrior Met Coal from a “sell” rating to a “hold” rating in a research note on Saturday, October 11th. Finally, B. Riley reissued a “buy” rating on shares of Warrior Met Coal in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Warrior Met Coal has a consensus rating of “Hold” and an average price target of $77.33.

Warrior Met Coal Stock Performance

Shares of Warrior Met Coal stock opened at $91.45 on Monday. The business has a 50-day simple moving average of $80.80 and a 200 day simple moving average of $65.97. Warrior Met Coal has a one year low of $38.00 and a one year high of $93.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.13 and a quick ratio of 3.00. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 135.29 and a beta of 0.63.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.91. Warrior Met Coal had a return on equity of 2.01% and a net margin of 2.87%.The firm had revenue of $328.59 million during the quarter, compared to analysts’ expectations of $302.51 million. During the same quarter last year, the firm posted $0.80 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. On average, research analysts anticipate that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 7th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. Warrior Met Coal’s dividend payout ratio is currently 47.76%.

Insider Buying and Selling

In related news, CEO Walter J. Scheller sold 18,966 shares of Warrior Met Coal stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $75.00, for a total transaction of $1,422,450.00. Following the sale, the chief executive officer directly owned 394,183 shares in the company, valued at approximately $29,563,725. This trade represents a 4.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Warrior Met Coal

Several large investors have recently made changes to their positions in HCC. GAMMA Investing LLC boosted its holdings in shares of Warrior Met Coal by 18.3% in the 4th quarter. GAMMA Investing LLC now owns 2,165 shares of the company’s stock worth $191,000 after buying an additional 335 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in Warrior Met Coal in the third quarter worth about $354,000. CANADA LIFE ASSURANCE Co boosted its stake in Warrior Met Coal by 3.6% in the third quarter. CANADA LIFE ASSURANCE Co now owns 47,367 shares of the company’s stock valued at $2,999,000 after acquiring an additional 1,663 shares during the last quarter. Wexford Capital LP bought a new position in shares of Warrior Met Coal during the 3rd quarter valued at approximately $117,000. Finally, Millennium Management LLC bought a new position in shares of Warrior Met Coal during the 3rd quarter valued at approximately $1,054,000. 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.