Quantbot Technologies LP Buys 44,710 Shares of Ramaco Resources, Inc. $METC

Quantbot Technologies LP boosted its stake in Ramaco Resources, Inc. (NASDAQ:METC) by 54.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 127,404 shares of the energy company’s stock after buying an additional 44,710 shares during the quarter. Quantbot Technologies LP owned approximately 0.20% of Ramaco Resources worth $1,686,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Bridgeway Capital Management LLC grew its stake in shares of Ramaco Resources by 0.4% in the 3rd quarter. Bridgeway Capital Management LLC now owns 122,998 shares of the energy company’s stock worth $4,082,000 after acquiring an additional 536 shares in the last quarter. Allworth Financial LP increased its stake in Ramaco Resources by 3,603.6% in the 3rd quarter. Allworth Financial LP now owns 1,037 shares of the energy company’s stock valued at $34,000 after buying an additional 1,009 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Ramaco Resources in the 3rd quarter valued at about $38,000. Police & Firemen s Retirement System of New Jersey increased its stake in Ramaco Resources by 16.0% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 9,549 shares of the energy company’s stock valued at $172,000 after buying an additional 1,317 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Ramaco Resources by 51.4% during the 4th quarter. Russell Investments Group Ltd. now owns 3,917 shares of the energy company’s stock worth $71,000 after buying an additional 1,330 shares in the last quarter. 74.49% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Ramaco Resources news, major shareholder Discovery Capital Management, sold 500,000 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $9.57, for a total transaction of $4,785,000.00. Following the completion of the transaction, the insider directly owned 4,811,360 shares of the company’s stock, valued at approximately $46,044,715.20. This represents a 9.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 46.07% of the company’s stock.

Ramaco Resources Stock Up 4.5%

METC opened at $12.43 on Tuesday. Ramaco Resources, Inc. has a twelve month low of $8.56 and a twelve month high of $57.80. The company’s 50-day moving average price is $11.75 and its two-hundred day moving average price is $13.98. The stock has a market cap of $787.94 million, a price-to-earnings ratio of -11.62 and a beta of 1.37. The company has a quick ratio of 3.31, a current ratio of 4.23 and a debt-to-equity ratio of 1.23.

Ramaco Resources (NASDAQ:METC) last issued its quarterly earnings results on Tuesday, August 4th. The energy company reported ($0.26) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.26). The company had revenue of $122.32 million during the quarter, compared to analyst estimates of $133.11 million. Ramaco Resources had a negative net margin of 11.98% and a negative return on equity of 13.54%. As a group, equities analysts expect that Ramaco Resources, Inc. will post -1.02 earnings per share for the current year.

Analyst Ratings Changes

METC has been the subject of several recent analyst reports. Zacks Research lowered Ramaco Resources from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. Morgan Stanley dropped their price target on Ramaco Resources from $13.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 18th. Weiss Ratings cut Ramaco Resources from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. The Goldman Sachs Group reduced their price objective on Ramaco Resources from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Finally, Benchmark decreased their target price on Ramaco Resources from $38.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $22.43.

Ramaco Resources Company Profile

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.