Warrior Met Coal Inc (NYSE:HCC) was the recipient of a large growth in short interest during the month of November. As of November 29th, there was short interest totalling 5,060,000 shares, a growth of 13.2% from the November 14th total of 4,470,000 shares. Based on an average trading volume of 1,130,000 shares, the days-to-cover ratio is presently 4.5 days. Currently, 9.9% of the company’s stock are sold short.
Shares of NYSE:HCC traded down $0.23 on Friday, reaching $20.30. 308,440 shares of the company’s stock were exchanged, compared to its average volume of 806,452. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 2.34 and a beta of 0.55. Warrior Met Coal has a fifty-two week low of $17.63 and a fifty-two week high of $33.49. The business’s 50-day moving average is $20.19 and its two-hundred day moving average is $22.40. The company has a quick ratio of 2.54, a current ratio of 3.08 and a debt-to-equity ratio of 0.49.
Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.03). The business had revenue of $287.51 million for the quarter, compared to analyst estimates of $254.37 million. Warrior Met Coal had a return on equity of 52.94% and a net margin of 46.01%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the company posted $1.06 earnings per share. Analysts predict that Warrior Met Coal will post 5.61 earnings per share for the current fiscal year.
A number of research analysts have commented on the stock. Zacks Investment Research downgraded shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 5th. Clarkson Capital reiterated a “buy” rating on shares of Warrior Met Coal in a research note on Monday, September 23rd. ValuEngine downgraded shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Finally, B. Riley set a $30.00 price objective on shares of Warrior Met Coal and gave the company a “hold” rating in a research note on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $31.71.
Several large investors have recently modified their holdings of HCC. Strs Ohio raised its holdings in shares of Warrior Met Coal by 11.0% during the second quarter. Strs Ohio now owns 34,400 shares of the company’s stock worth $898,000 after purchasing an additional 3,400 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Warrior Met Coal in the 2nd quarter worth about $115,000. Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Warrior Met Coal by 28.3% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 71,668 shares of the company’s stock worth $1,872,000 after acquiring an additional 15,813 shares during the period. First Trust Advisors LP increased its holdings in shares of Warrior Met Coal by 31.3% in the 2nd quarter. First Trust Advisors LP now owns 95,032 shares of the company’s stock worth $2,482,000 after acquiring an additional 22,633 shares during the period. Finally, Aperio Group LLC increased its holdings in shares of Warrior Met Coal by 255.8% in the 2nd quarter. Aperio Group LLC now owns 31,937 shares of the company’s stock worth $834,000 after acquiring an additional 22,960 shares during the period.
Warrior Met Coal Company Profile
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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