Warrior Met Coal (NYSE:HCC) Upgraded to “Buy” at UBS Group

Warrior Met Coal (NYSE:HCC) was upgraded by equities researchers at UBS Group from a “hold” rating to a “buy” rating in a report released on Thursday, MarketBeat reports. The brokerage presently has a $108.00 price target on the stock, up from their prior price target of $100.00. UBS Group’s price target would indicate a potential upside of 17.44% from the company’s current price.

HCC has been the subject of several other reports. Zacks Research lowered shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Warrior Met Coal in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Jefferies Financial Group boosted their price objective on shares of Warrior Met Coal from $95.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Finally, B. Riley restated a “buy” rating on shares of Warrior Met Coal in a research note on Thursday, November 6th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $93.50.

Warrior Met Coal Stock Up 2.1%

NYSE:HCC opened at $91.96 on Thursday. Warrior Met Coal has a fifty-two week low of $38.00 and a fifty-two week high of $105.35. The company’s 50-day simple moving average is $88.35 and its 200-day simple moving average is $71.60. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.00 and a current ratio of 4.13. The stock has a market capitalization of $4.83 billion, a P/E ratio of 137.26 and a beta of 0.63.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.91. The business had revenue of $328.59 million for the quarter, compared to analyst estimates of $302.51 million. Warrior Met Coal had a net margin of 2.87% and a return on equity of 2.01%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 earnings per share. On average, equities analysts anticipate that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Insider Transactions at Warrior Met Coal

In other news, CEO Walter J. Scheller sold 100,000 shares of the business’s stock in a transaction dated Monday, January 12th. The stock was 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 owned 294,183 shares of the company’s stock, valued at $29,509,496.73. The trade was a 25.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kelli K. Gant sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $100.00, for a total value of $1,000,000.00. Following the sale, the insider directly owned 70,580 shares in the company, valued at approximately $7,058,000. This trade represents a 12.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 128,966 shares of company stock valued at $12,453,450 in the last quarter. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Warrior Met Coal

Several institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in Warrior Met Coal by 217.2% in the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after buying an additional 467 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of Warrior Met Coal by 266.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock valued at $40,000 after acquiring an additional 455 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Warrior Met Coal by 4,337.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 710 shares of the company’s stock valued at $45,000 after purchasing an additional 694 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its holdings in Warrior Met Coal by 919.6% in the third quarter. Aster Capital Management DIFC Ltd now owns 938 shares of the company’s stock valued at $60,000 after acquiring an additional 846 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Warrior Met Coal by 23.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,346 shares of the company’s stock worth $62,000 after purchasing an additional 253 shares during the last quarter. 92.28% of the stock is owned by hedge funds and other institutional investors.

About Warrior Met Coal

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.