Warrior Met Coal (HCC) Shares Up 5.5%

Warrior Met Coal LLC (NYSE:HCC) shot up 5.5% on Thursday . The company traded as high as $28.99 and last traded at $28.52. 1,434,877 shares traded hands during trading, an increase of 83% from the average session volume of 785,585 shares. The stock had previously closed at $27.03.

A number of research firms have recently weighed in on HCC. B. Riley reissued a “neutral” rating on shares of Warrior Met Coal in a report on Wednesday, November 1st. FBR & Co set a $26.00 target price on Warrior Met Coal and gave the stock a “hold” rating in a report on Tuesday, October 17th. Citigroup lifted their target price on Warrior Met Coal from $24.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, September 26th. Zacks Investment Research downgraded Warrior Met Coal from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Finally, Seaport Global Securities downgraded Warrior Met Coal from a “buy” rating to a “neutral” rating in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.75.

The stock has a market capitalization of $1,440.00 and a PE ratio of 3.84.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Thursday, November 9th. The company reported $2.27 EPS for the quarter, topping the Zacks’ consensus estimate of $2.26 by $0.01. Warrior Met Coal had a return on equity of 51.58% and a net margin of 36.20%. The company had revenue of $312.00 million for the quarter, compared to analysts’ expectations of $301.89 million. The company’s revenue was up 489.8% compared to the same quarter last year. research analysts anticipate that Warrior Met Coal LLC will post 7.76 earnings per share for the current year.

In other Warrior Met Coal news, Director Stephen D. Williams sold 18,742 shares of Warrior Met Coal stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $28.00, for a total value of $524,776.00. Following the transaction, the director now owns 20,000 shares in the company, valued at $560,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Franklin Mutual Advisers Llc sold 4,237 shares of Warrior Met Coal stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $20.46, for a total value of $86,689.02. The disclosure for this sale can be found here.

A number of institutional investors have recently added to or reduced their stakes in HCC. Apollo Management Holdings L.P. bought a new position in Warrior Met Coal in the second quarter valued at about $173,185,000. Caspian Capital LP bought a new stake in shares of Warrior Met Coal during the second quarter worth about $37,651,000. Capital World Investors bought a new stake in shares of Warrior Met Coal during the second quarter worth about $25,953,000. Impala Asset Management LLC bought a new stake in shares of Warrior Met Coal during the second quarter worth about $21,590,000. Finally, Vanguard Group Inc. bought a new stake in shares of Warrior Met Coal during the second quarter worth about $21,144,000. Hedge funds and other institutional investors own 96.53% of the company’s stock.

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About Warrior Met Coal

Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.

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