Capricorn Fund Managers Ltd Lowers Stock Holdings in Ramaco Resources, Inc. $METC

Key Points

• Capricorn Fund Managers Ltd has reduced its holdings in Ramaco Resources by 33.3%, now owning 30,095 shares valued at $395,000.
• Several institutional investors increased their stakes in Ramaco Resources, with CenterBook Partners LP raising their investment by 151.0%.
• Analysts have varied price targets for Ramaco Resources, with Jefferies Financial Group increasing their target from $27.00 to $45.00, issuing a "buy" rating.

Capricorn Fund Managers Ltd cut its holdings in shares of Ramaco Resources, Inc. (NASDAQ:METC - Free Report) by 33.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,095 shares of the energy company's stock after selling 15,000 shares during the period. Capricorn Fund Managers Ltd owned 0.06% of Ramaco Resources worth $395,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of METC. Encompass Capital Advisors LLC bought a new position in Ramaco Resources in the first quarter worth approximately $13,248,000. CenterBook Partners LP raised its stake in Ramaco Resources by 151.0% in the first quarter. CenterBook Partners LP now owns 1,678,594 shares of the energy company's stock worth $13,815,000 after buying an additional 1,009,782 shares in the last quarter. Pacer Advisors Inc. bought a new position in Ramaco Resources in the first quarter worth approximately $2,748,000. Acuitas Investments LLC raised its stake in shares of Ramaco Resources by 103.8% during the 1st quarter. Acuitas Investments LLC now owns 309,957 shares of the energy company's stock worth $2,551,000 after acquiring an additional 157,860 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Ramaco Resources during the 1st quarter worth approximately $806,000. 74.49% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ramaco Resources

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

Analyst Ratings Changes

Several research analysts recently commented on METC shares. Jefferies Financial Group boosted their price objective on shares of Ramaco Resources from $27.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday, September 18th. Benchmark restated a "buy" rating and set a $24.00 price target (up previously from $14.00) on shares of Ramaco Resources in a research note on Tuesday, August 5th. Zacks Research raised shares of Ramaco Resources from a "strong sell" rating to a "hold" rating in a report on Friday, August 29th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Ramaco Resources in a report on Saturday, September 27th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $27.67.

Ramaco Resources Stock Performance

METC opened at $37.75 on Friday. The firm's fifty day simple moving average is $25.95 and its two-hundred day simple moving average is $16.22. The company has a quick ratio of 0.84, a current ratio of 1.36 and a debt-to-equity ratio of 0.36. The company has a market cap of $2.08 billion, a price-to-earnings ratio of -83.89 and a beta of 1.37. Ramaco Resources, Inc. has a 52-week low of $6.30 and a 52-week high of $37.88.

Ramaco Resources (NASDAQ:METC - Get Free Report) last posted 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 business had revenue of $152.96 million during 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%.The business's quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.08 earnings per share. Equities analysts anticipate that Ramaco Resources, Inc. will post 0.05 earnings per share for the current fiscal year.

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.

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