Farther Finance Advisors LLC Has $52,000 Stock Holdings in Ramaco Resources, Inc. $METC

Farther Finance Advisors LLC lifted its holdings in shares of Ramaco Resources, Inc. (NASDAQ:METC) by 384.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,920 shares of the energy company’s stock after buying an additional 3,110 shares during the period. Farther Finance Advisors LLC’s holdings in Ramaco Resources were worth $52,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of METC. Encompass Capital Advisors LLC bought a new position in Ramaco Resources in the first quarter valued at about $13,248,000. CenterBook Partners LP grew its stake in shares of Ramaco Resources by 151.0% during the first quarter. CenterBook Partners LP now owns 1,678,594 shares of the energy company’s stock worth $13,815,000 after buying an additional 1,009,782 shares during the last quarter. Pacer Advisors Inc. bought a new stake in shares of Ramaco Resources during the first quarter worth $2,748,000. Acuitas Investments LLC increased its holdings in shares of Ramaco Resources by 103.8% during the first quarter. Acuitas Investments LLC now owns 309,957 shares of the energy company’s stock worth $2,551,000 after buying an additional 157,860 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Ramaco Resources in the 1st quarter valued at $806,000. 74.49% of the stock is owned by institutional investors and hedge funds.

Ramaco Resources Stock Performance

Shares of METC opened at $38.93 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 0.84 and a debt-to-equity ratio of 0.36. The firm’s fifty day simple moving average is $26.30 and its two-hundred day simple moving average is $16.53. Ramaco Resources, Inc. has a 12 month low of $6.30 and a 12 month high of $39.46. The stock has a market capitalization of $2.15 billion, a P/E ratio of -86.51 and a beta of 1.37.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on METC shares. Zacks Research raised Ramaco Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, August 29th. Benchmark reiterated a “buy” rating and set a $24.00 target price (up from $14.00) on shares of Ramaco Resources in a research report on Tuesday, August 5th. Jefferies Financial Group upped their price target on shares of Ramaco Resources from $27.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ramaco Resources in a research note on Saturday, September 27th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Ramaco Resources currently has an average rating of “Moderate Buy” and a consensus price target of $27.67.

Insider Transactions at Ramaco Resources

In other Ramaco Resources 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 transaction of $30,000,000.00. Following the transaction, the director directly owned 2,502,930 shares in the company, valued at approximately $46,929,937.50. This represents a 39.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 36.20% of the company’s stock.

Ramaco Resources Profile

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.