Ramaco Resources, Inc. $METC Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its holdings in shares of Ramaco Resources, Inc. (NASDAQ:METCFree Report) by 17.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 846,108 shares of the energy company’s stock after selling 182,078 shares during the quarter. American Century Companies Inc. owned 1.28% of Ramaco Resources worth $28,082,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Archer Investment Corp acquired a new stake in Ramaco Resources during the 3rd quarter valued at approximately $33,000. MCF Advisors LLC acquired a new position in shares of Ramaco Resources in the 3rd quarter valued at approximately $35,000. Ameritas Investment Partners Inc. boosted its stake in shares of Ramaco Resources by 63.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,632 shares of the energy company’s stock valued at $48,000 after buying an additional 1,416 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Ramaco Resources during the 3rd quarter valued at approximately $134,000. Finally, Global Retirement Partners LLC grew its position in shares of Ramaco Resources by 112.5% during the third quarter. Global Retirement Partners LLC now owns 4,250 shares of the energy company’s stock worth $141,000 after buying an additional 2,250 shares in the last quarter. Institutional investors and hedge funds own 74.49% of the company’s stock.

Ramaco Resources Price Performance

Shares of NASDAQ METC opened at $14.02 on Monday. Ramaco Resources, Inc. has a twelve month low of $6.30 and a twelve month high of $57.80. The company has a current ratio of 5.46, a quick ratio of 4.66 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $784.56 million, a price-to-earnings ratio of -14.16 and a beta of 1.41. The business has a 50 day simple moving average of $18.89 and a 200-day simple moving average of $23.92.

Ramaco Resources (NASDAQ:METCGet Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The energy company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.02. Ramaco Resources had a negative return on equity of 12.01% and a negative net margin of 9.59%.The business had revenue of $108.72 million for the quarter, compared to analyst estimates of $143.48 million. During the same period in the prior year, the company posted $0.02 EPS. The business’s revenue was down 25.1% compared to the same quarter last year. As a group, equities research analysts expect that Ramaco Resources, Inc. will post 0.05 earnings per share for the current year.

Ramaco Resources declared that its board has approved a stock buyback plan on Tuesday, December 23rd that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the energy company to repurchase up to 9.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

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Analyst Upgrades and Downgrades

METC has been the subject of a number of research analyst reports. Robert W. Baird dropped their price target on shares of Ramaco Resources from $40.00 to $30.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Ramaco Resources in a research note on Monday, December 29th. Morgan Stanley assumed coverage on shares of Ramaco Resources in a report on Friday, December 5th. They set an “equal weight” rating and a $17.50 price objective for the company. The Goldman Sachs Group dropped their target price on shares of Ramaco Resources from $16.00 to $14.00 and set a “sell” rating for the company in a research report on Monday, March 2nd. Finally, Zacks Research lowered shares of Ramaco Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Ramaco Resources currently has a consensus rating of “Hold” and an average price target of $31.93.

View Our Latest Stock Report on METC

About Ramaco Resources

(Free Report)

Ramaco Resources, Inc (NASDAQ:METC) is a U.S.-based producer of premium metallurgical coal and industrial minerals, focused on supplying the steel and allied industries. The company’s operations are centered in the Appalachian region of West Virginia, where it develops, mines and processes high-carbon coal products designed to meet the quality requirements of blast‐furnace and electric‐arc furnace steelmakers.

The firm’s flagship asset is the Elk Creek underground mine in Wyoming County, West Virginia, which began commercial production in 2019 and delivers a range of high‐grade metallurgical and anthracite coals.

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Institutional Ownership by Quarter for Ramaco Resources (NASDAQ:METC)

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