Triarii Capital Management LP reduced its position in Ramaco Resources Inc (NASDAQ:METC) by 6.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 140,000 shares of the energy company’s stock after selling 9,618 shares during the quarter. Ramaco Resources makes up 1.1% of Triarii Capital Management LP’s portfolio, making the stock its 17th largest holding. Triarii Capital Management LP owned approximately 0.35% of Ramaco Resources worth $1,044,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of METC. GeoSphere Capital Management LLC bought a new position in Ramaco Resources in the second quarter worth approximately $109,000. Northern Trust Corp boosted its holdings in Ramaco Resources by 26.7% in the second quarter. Northern Trust Corp now owns 79,943 shares of the energy company’s stock worth $557,000 after acquiring an additional 16,822 shares in the last quarter. Foundry Partners LLC boosted its holdings in Ramaco Resources by 5.3% in the third quarter. Foundry Partners LLC now owns 386,016 shares of the energy company’s stock worth $2,880,000 after acquiring an additional 19,341 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Ramaco Resources by 27.9% in the third quarter. JPMorgan Chase & Co. now owns 348,353 shares of the energy company’s stock worth $2,599,000 after acquiring an additional 75,938 shares in the last quarter. Finally, Travelers Companies Inc. bought a new position in Ramaco Resources in the third quarter worth approximately $117,000. 80.37% of the stock is owned by hedge funds and other institutional investors.

Shares of METC stock traded up $0.06 during trading hours on Friday, reaching $5.15. The company had a trading volume of 21,205 shares, compared to its average volume of 112,198. The firm has a market capitalization of $208.43 million, a PE ratio of -12.56 and a beta of 0.66. Ramaco Resources Inc has a 12 month low of $4.74 and a 12 month high of $9.35.

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

A number of research analysts have recently weighed in on METC shares. Zacks Investment Research lowered Ramaco Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 14th. ValuEngine lowered Ramaco Resources from a “hold” rating to a “sell” rating in a report on Monday, November 26th. B. Riley raised their target price on Ramaco Resources from $10.00 to $10.50 and gave the company a “buy” rating in a report on Friday, September 14th. Finally, TheStreet lowered Ramaco Resources from a “c-” rating to a “d” rating in a report on Tuesday, November 20th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $9.75.

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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.

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

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