Northern Trust Corp grew its holdings in Ramaco Resources Inc (NASDAQ:METC) by 26.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 79,943 shares of the energy company’s stock after buying an additional 16,822 shares during the period. Northern Trust Corp’s holdings in Ramaco Resources were worth $557,000 at the end of the most recent reporting period.

Separately, GeoSphere Capital Management LLC purchased a new stake in shares of Ramaco Resources in the second quarter valued at about $109,000. Institutional investors own 80.37% of the company’s stock.

Shares of Ramaco Resources stock opened at $5.17 on Friday. Ramaco Resources Inc has a 52-week low of $4.74 and a 52-week high of $9.35. The stock has a market cap of $204.02 million, a PE ratio of 11.06 and a beta of 0.66.

Ramaco Resources (NASDAQ:METC) last issued its quarterly earnings results on Wednesday, November 7th. The energy company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.10). Ramaco Resources had a return on equity of 15.27% and a net margin of 9.20%. The firm had revenue of $62.17 million for the quarter, compared to analyst estimates of $68.65 million. Research analysts predict that Ramaco Resources Inc will post 0.65 EPS for the current year.

A number of brokerages have recently commented on METC. Zacks Investment Research raised shares of Ramaco Resources from a “hold” rating to a “strong-buy” rating and set a $9.00 target price for the company in a report on Wednesday, September 19th. ValuEngine raised shares of Ramaco Resources from a “sell” rating to a “hold” rating in a report on Monday, August 13th. TheStreet cut shares of Ramaco Resources from a “c-” rating to a “d” rating in a report on Tuesday, November 20th. Finally, B. Riley reduced their target price on shares of Ramaco Resources from $11.50 to $11.00 and set a “buy” rating for the company in a report on Tuesday, November 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Ramaco Resources presently has a consensus rating of “Hold” and an average price target of $9.75.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this news story on another website, it was stolen and republished in violation of US and international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.watchlistnews.com/northern-trust-corp-increases-stake-in-ramaco-resources-inc-metc/2669809.html.

Ramaco Resources Profile

Ramaco Resources, Inc produces and sells metallurgical coal in the United States. The company's development portfolio includes the Elk Creek project consisting of approximately 18,728 acres of controlled mineral and 24 seams located in southern West Virginia; and the Berwind coal property comprising approximately 31,200 acres of controlled mineral and an area of Squire Jim seam coal deposits, which is situated on the border of West Virginia and Virginia.

Further Reading: Stock Symbols and CUSIP Explained

Want to see what other hedge funds are holding METC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ramaco Resources Inc (NASDAQ:METC).

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

Receive News & Ratings for Ramaco Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ramaco Resources and related companies with MarketBeat.com's FREE daily email newsletter.