Warrior Met Coal Inc (NYSE:HCC)’s share price traded down 8% during mid-day trading on Wednesday . The stock traded as low as $20.03 and last traded at $20.79, 1,389,262 shares were traded during mid-day trading. An increase of 62% from the average session volume of 855,868 shares. The stock had previously closed at $22.60.
Several research analysts have recently issued reports on the company. TheStreet downgraded Warrior Met Coal from a “b-” rating to a “c+” rating in a research note on Wednesday, June 5th. MKM Partners increased their target price on shares of Warrior Met Coal to $38.00 and gave the company a “buy” rating in a research report on Friday, May 24th. B. Riley set a $30.00 target price on shares of Warrior Met Coal and gave the company a “hold” rating in a research report on Thursday, August 22nd. Jefferies Financial Group downgraded shares of Warrior Met Coal from a “buy” rating to a “hold” rating and decreased their target price for the company from $38.00 to $22.00 in a research report on Tuesday, August 6th. Finally, Zacks Investment Research downgraded shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $31.56.
The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 2.31 and a beta of 0.59. The business’s 50-day simple moving average is $21.16 and its two-hundred day simple moving average is $26.15. The company has a current ratio of 3.31, a quick ratio of 2.73 and a debt-to-equity ratio of 0.52.
In related news, CFO Dale W. Boyles acquired 1,200 shares of Warrior Met Coal stock in a transaction dated Thursday, August 15th. The stock was bought at an average price of $22.22 per share, with a total value of $26,664.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.59% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Advisor Group Inc. grew its position in shares of Warrior Met Coal by 170.6% during the 2nd quarter. Advisor Group Inc. now owns 1,510 shares of the company’s stock worth $40,000 after buying an additional 952 shares during the period. Bank of Montreal Can bought a new position in shares of Warrior Met Coal in the 2nd quarter worth $113,000. SG Americas Securities LLC bought a new position in shares of Warrior Met Coal in the 2nd quarter worth $115,000. New York State Teachers Retirement System bought a new position in Warrior Met Coal during the 1st quarter valued at $116,000. Finally, Point72 Hong Kong Ltd lifted its stake in Warrior Met Coal by 29.3% during the 2nd quarter. Point72 Hong Kong Ltd now owns 6,287 shares of the company’s stock valued at $164,000 after acquiring an additional 1,424 shares in the last quarter.
About Warrior Met Coal (NYSE:HCC)
Warrior Met Coal, Inc produces and exports metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.
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