Warrior Met Coal (NYSE:HCC) Stock Rating Upgraded by Wall Street Zen

Warrior Met Coal (NYSE:HCC) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday, Wall Street Zen reports.

HCC has been the topic of a number of other reports. Weiss Ratings raised shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. UBS Group lifted their price objective on shares of Warrior Met Coal from $98.00 to $102.00 and gave the company a “buy” rating in a report on Thursday. Zacks Research downgraded shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Finally, Royal Bank Of Canada upped their price objective on shares of Warrior Met Coal from $90.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Wednesday, September 16th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Warrior Met Coal currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.50.

Warrior Met Coal Price Performance

Shares of NYSE HCC opened at $93.06 on Friday. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 22.37 and a beta of 0.72. Warrior Met Coal has a 12 month low of $61.87 and a 12 month high of $111.42. The firm’s 50 day simple moving average is $96.25 and its 200-day simple moving average is $91.11. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.93 and a quick ratio of 2.79.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.25. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The firm had revenue of $509.69 million during the quarter, compared to analyst estimates of $488.46 million. During the same period in the previous year, the firm earned $0.11 EPS. The business’s quarterly revenue was up 71.3% on a year-over-year basis. Analysts expect that Warrior Met Coal will post 6.71 EPS for the current year.

Insider Buying and Selling

In related news, Director Stephen D. 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 value of $500,304.00. Following the sale, the director owned 30,303 shares of the company’s stock, valued at approximately $3,158,481.69. This trade represents a 13.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Walter Scheller sold 50,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $105.00, for a total transaction of $5,250,000.00. Following the completion of the sale, the chief executive officer directly owned 317,793 shares of the company’s stock, valued at approximately $33,368,265. The trade was a 13.59% decrease in their position. 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 in the last quarter. Insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Warrior Met Coal

Large investors have recently added to or reduced their stakes in the stock. Systrade AG purchased a new stake in shares of Warrior Met Coal during the third quarter worth about $1,747,000. O Keefe Stevens Advisory Inc. raised its position in shares of Warrior Met Coal by 1.0% during the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 293,482 shares of the company’s stock worth $25,847,000 after purchasing an additional 2,913 shares during the last quarter. Hardin Capital Partners LLC raised its position in shares of Warrior Met Coal by 11.6% during the 3rd quarter. Hardin Capital Partners LLC now owns 2,893 shares of the company’s stock worth $255,000 after purchasing an additional 300 shares during the last quarter. GAMMA Investing LLC lifted its stake in Warrior Met Coal by 9.2% in the 3rd quarter. GAMMA Investing LLC now owns 2,795 shares of the company’s stock valued at $246,000 after buying an additional 235 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in Warrior Met Coal by 11.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,715 shares of the company’s stock valued at $220,000 after buying an additional 272 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

About Warrior Met Coal

Warrior Met Coal, Inc (NYSE: HCC) is a U.S.-based producer and exporter of metallurgical coal, also known as coking coal. Its products are used primarily by global steelmakers in blast-furnace steel production, where metallurgical coal is converted into coke to support the conversion of iron ore into steel.

The company operates underground coal mines and related processing and transportation facilities in the Brookwood coal mine area of central Alabama. Warrior Met Coal’s product portfolio is focused on premium high-volatility metallurgical coal, which it sells to customers in domestic and international steel markets.