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

Key Points

• American Century Companies Inc. increased its position in Ramaco Resources, Inc. by 8.9%, owning 948,328 shares valued at approximately $7.81 million as of the end of the 1st quarter.
• Ramaco Resources reported a loss of $0.29 earnings per share for the last quarter, missing expectations and reflecting a negative net margin of 3.17%.
• Recent insider trading activity includes Director Peter A. Leidel selling 1.6 million shares, significantly reducing his stake by 39%.

American Century Companies Inc. boosted its stake in Ramaco Resources, Inc. (NASDAQ:METC - Free Report) by 8.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 948,328 shares of the energy company's stock after buying an additional 77,371 shares during the period. American Century Companies Inc. owned approximately 2.14% of Ramaco Resources worth $7,805,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Legal & General Group Plc increased its position in shares of Ramaco Resources by 15.3% during the fourth quarter. Legal & General Group Plc now owns 13,752 shares of the energy company's stock valued at $141,000 after acquiring an additional 1,822 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Ramaco Resources by 31.1% during the 4th quarter. Renaissance Technologies LLC now owns 119,800 shares of the energy company's stock worth $1,229,000 after purchasing an additional 28,400 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Ramaco Resources during the 4th quarter worth approximately $487,000. Barclays PLC increased its holdings in Ramaco Resources by 8.6% in the 4th quarter. Barclays PLC now owns 48,217 shares of the energy company's stock valued at $495,000 after purchasing an additional 3,808 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Ramaco Resources by 39.8% in the fourth quarter. First Trust Advisors LP now owns 25,178 shares of the energy company's stock valued at $258,000 after purchasing an additional 7,174 shares during the period. Institutional investors and hedge funds own 74.49% of the company's stock.

Insider Buying and Selling at Ramaco Resources

In related news, Director Peter A. Leidel sold 1,600,000 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $18.75, for a total value of $30,000,000.00. Following the sale, the director owned 2,502,930 shares of the company's stock, valued at $46,929,937.50. This trade represents a 39.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 36.20% of the company's stock.

Ramaco Resources Stock Up 1.9%

NASDAQ:METC traded up $0.49 during midday trading on Friday, reaching $25.93. The company had a trading volume of 3,048,657 shares, compared to its average volume of 3,801,410. Ramaco Resources, Inc. has a 12-month low of $6.30 and a 12-month high of $27.31. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of -57.62 and a beta of 1.35. 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 stock's fifty day simple moving average is $19.56 and its 200-day simple moving average is $12.87.

Ramaco Resources (NASDAQ:METC - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The energy company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.07). The company had revenue of $152.96 million for the quarter, compared to analysts' expectations of $131.55 million. Ramaco Resources had a negative return on equity of 5.55% and a negative net margin of 3.17%.Ramaco Resources's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 EPS. On average, sell-side analysts anticipate that Ramaco Resources, Inc. will post 0.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on METC shares. Benchmark restated a "buy" rating and set a $24.00 price target (up from $14.00) on shares of Ramaco Resources in a research report on Tuesday, August 5th. Wall Street Zen lowered Ramaco Resources from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $27.00 target price (up from $15.00) on shares of Ramaco Resources in a research report on Wednesday, July 16th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Ramaco Resources presently has a consensus rating of "Buy" and a consensus target price of $21.67.

Ramaco Resources Company 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.