Ramaco Resources, Inc. $METC Shares Acquired by Invesco Ltd.

Invesco Ltd. boosted its holdings in Ramaco Resources, Inc. (NASDAQ:METC) by 52.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,891 shares of the energy company’s stock after acquiring an additional 17,069 shares during the quarter. Invesco Ltd. owned about 0.11% of Ramaco Resources worth $411,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in Ramaco Resources in the first quarter worth about $111,000. Cetera Investment Advisers raised its position in Ramaco Resources by 27.3% in the fourth quarter. Cetera Investment Advisers now owns 12,872 shares of the energy company’s stock worth $132,000 after acquiring an additional 2,760 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in Ramaco Resources by 59.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 69,763 shares of the energy company’s stock worth $574,000 after buying an additional 25,992 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Ramaco Resources by 3.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 41,656 shares of the energy company’s stock valued at $427,000 after buying an additional 1,425 shares in the last quarter. Finally, CenterBook Partners LP lifted its stake in Ramaco Resources by 151.0% during the first quarter. CenterBook Partners LP now owns 1,678,594 shares of the energy company’s stock valued at $13,815,000 after buying an additional 1,009,782 shares in the last quarter. 74.49% of the stock is currently owned by institutional investors.

Ramaco Resources Price Performance

Shares of METC opened at $28.18 on Friday. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of -62.62 and a beta of 1.26. Ramaco Resources, Inc. has a fifty-two week low of $6.30 and a fifty-two week high of $28.30. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.36 and a quick ratio of 0.84. The business’s 50-day moving average is $20.95 and its 200-day moving average is $13.41.

Ramaco Resources (NASDAQ:METC) last released its quarterly earnings data on Thursday, July 31st. The energy company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.07). Ramaco Resources had a negative return on equity of 5.55% and a negative net margin of 3.17%.The firm had revenue of $152.96 million during the quarter, compared to analyst estimates of $131.55 million. During the same quarter in the prior year, the company posted $0.08 EPS. The company’s quarterly revenue was down 1.5% on a year-over-year basis. Equities research analysts expect that Ramaco Resources, Inc. will post 0.05 EPS for the current fiscal year.

Insider Buying and Selling at Ramaco Resources

In other news, Director Peter A. Leidel sold 1,600,000 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $18.75, for a total value of $30,000,000.00. Following the completion of the sale, the director directly owned 2,502,930 shares of the company’s stock, valued at approximately $46,929,937.50. This represents a 39.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 36.20% of the company’s stock.

Analyst Upgrades and Downgrades

METC has been the subject of several recent analyst reports. Zacks Research upgraded shares of Ramaco Resources from a “strong sell” rating to a “hold” rating in a report on Friday, August 29th. Benchmark reiterated a “buy” rating and issued a $24.00 target price (up from $14.00) on shares of Ramaco Resources in a report on Tuesday, August 5th. Jefferies Financial Group reiterated a “buy” rating and issued a $27.00 target price (up from $15.00) on shares of Ramaco Resources in a report on Wednesday, July 16th. Finally, Wall Street Zen cut shares of Ramaco Resources from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.67.

About Ramaco Resources

Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.