UBS Group Has Lowered Expectations for Warrior Met Coal (NYSE:HCC) Stock Price

Warrior Met Coal (NYSE:HCC) had its price objective lowered by equities research analysts at UBS Group from $102.00 to $97.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group‘s target price indicates a potential upside of 20.71% from the company’s current price.

A number of other research firms have also recently weighed in on HCC. B. Riley Financial lowered their price objective on Warrior Met Coal from $123.00 to $122.00 and set a “buy” rating on the stock in a research report on Monday, October 26th. Wall Street Zen lowered shares of Warrior Met Coal from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 31st. Zacks Research cut shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Jefferies Financial Group restated a “buy” rating on shares of Warrior Met Coal in a research note on Thursday, October 29th. Finally, 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. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.80.

Warrior Met Coal Stock Performance

HCC opened at $80.36 on Thursday. The company has a current ratio of 3.93, a quick ratio of 2.79 and a debt-to-equity ratio of 0.10. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 18.30 and a beta of 0.75. The company’s 50 day moving average is $91.99 and its 200 day moving average is $89.85. Warrior Met Coal has a 12-month low of $71.79 and a 12-month high of $111.42.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, November 4th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.62). Warrior Met Coal had a net margin of 12.47% and a return on equity of 10.49%. The business had revenue of $507.93 million for the quarter, compared to the consensus estimate of $505.84 million. During the same quarter last year, the firm posted $0.70 earnings per share. The business’s quarterly revenue was up 54.6% compared to the same quarter last year. On average, equities research analysts predict that Warrior Met Coal will post 6.97 EPS for the current year.

Insider Activity at Warrior Met Coal

In related news, CEO Walter J. Scheller sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $110.00, for a total value of $5,500,000.00. Following the transaction, the chief executive officer directly owned 267,793 shares of the company’s stock, valued at approximately $29,457,230. The trade was a 15.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen Williams sold 4,800 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total value of $500,304.00. Following the completion of the transaction, the director owned 30,303 shares of the company’s stock, valued at $3,158,481.69. The trade was a 13.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 104,800 shares of company stock worth $11,250,304 in the last three months. 2.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Warrior Met Coal

Several hedge funds have recently modified their holdings of HCC. CENTRAL TRUST Co boosted its position in shares of Warrior Met Coal by 7.1% during the third quarter. CENTRAL TRUST Co now owns 6,447 shares of the company’s stock worth $568,000 after acquiring an additional 425 shares during the last quarter. Maryland State Retirement & Pension System increased its holdings in Warrior Met Coal by 52.5% in the 3rd quarter. Maryland State Retirement & Pension System now owns 11,737 shares of the company’s stock valued at $1,034,000 after acquiring an additional 4,039 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in Warrior Met Coal by 2.0% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 28,189 shares of the company’s stock valued at $2,483,000 after acquiring an additional 558 shares during the last quarter. Parallel Advisors LLC increased its holdings in Warrior Met Coal by 186.5% in the 3rd quarter. Parallel Advisors LLC now owns 1,295 shares of the company’s stock valued at $114,000 after acquiring an additional 843 shares during the last quarter. Finally, Alps Advisors Inc. purchased a new position in shares of Warrior Met Coal during the third quarter valued at about $535,000. Hedge funds and other institutional investors own 92.28% of the company’s stock.

About Warrior Met Coal

Warrior Met Coal, Inc is a mining company focused on the production and export of high-quality metallurgical coal, also known as met coal. Its products are used primarily by steelmakers in the blast-furnace steelmaking process, where metallurgical coal is converted into coke to support the production of iron and steel.

The company operates underground coal mines and related processing facilities in the Brookwood coal-producing region of Alabama. Warrior Met Coal primarily produces premium hard coking coal and sells its products to customers in international steel markets, serving regions that include Europe, Asia, and the Americas.

Warrior Met Coal was formed from the assets of Walter Energy after Walter Energy’s bankruptcy and began operating as an independent public company in 2016.