Warrior Met Coal (HCC) Raised to “Buy” at Citigroup

Warrior Met Coal (NYSE:HCC) was upgraded by equities research analysts at Citigroup from a “neutral” rating to a “buy” rating in a research note issued on Thursday, The Fly reports.

Several other research firms have also recently commented on HCC. Zacks Investment Research cut shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a research report on Monday, November 27th. ValuEngine cut shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. B. Riley restated a “hold” rating and issued a $26.00 target price on shares of Warrior Met Coal in a research report on Friday, November 10th. BMO Capital Markets upped their price target on shares of Warrior Met Coal to $39.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Finally, Royal Bank of Canada lowered shares of Warrior Met Coal from an “outperform” rating to a “sector perform” rating and set a $25.00 price target for the company. in a research note on Monday, December 4th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $27.92.

Warrior Met Coal (HCC) opened at $30.40 on Thursday. Warrior Met Coal has a 1 year low of $15.10 and a 1 year high of $32.66. The company has a quick ratio of 1.98, a current ratio of 2.48 and a debt-to-equity ratio of 0.90. The company has a market cap of $1,637.43 and a PE ratio of 3.53.

In other news, COO Jack K. Richardson sold 50,991 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $31.79, for a total value of $1,621,003.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian M. Chopin sold 21,106 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $31.84, for a total transaction of $672,015.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,334 shares of company stock valued at $2,379,708. Company insiders own 1.15% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Delek Group Ltd. acquired a new stake in Warrior Met Coal during the fourth quarter valued at approximately $126,000. MetLife Investment Advisors LLC acquired a new stake in Warrior Met Coal during the fourth quarter valued at approximately $408,000. Macquarie Group Ltd. lifted its stake in Warrior Met Coal by 285.0% during the fourth quarter. Macquarie Group Ltd. now owns 15,400 shares of the company’s stock valued at $387,000 after purchasing an additional 11,400 shares during the last quarter. Jane Street Group LLC acquired a new stake in Warrior Met Coal during the fourth quarter valued at approximately $408,000. Finally, PEAK6 Investments L.P. acquired a new stake in Warrior Met Coal during the fourth quarter valued at approximately $677,000.

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Warrior Met Coal Company Profile

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.

The Fly

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