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

American Century Companies Inc. grew its stake in shares of Ramaco Resources, Inc. (NASDAQ:METC) by 8.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,028,186 shares of the energy company’s stock after buying an additional 79,858 shares during the period. American Century Companies Inc.’s holdings in Ramaco Resources were worth $13,510,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Encompass Capital Advisors LLC acquired a new stake in shares of Ramaco Resources during the first quarter valued at $13,248,000. Geode Capital Management LLC lifted its holdings in Ramaco Resources by 25.0% in the 2nd quarter. Geode Capital Management LLC now owns 687,343 shares of the energy company’s stock valued at $9,033,000 after purchasing an additional 137,635 shares in the last quarter. Jump Financial LLC boosted its stake in shares of Ramaco Resources by 899.0% during the 1st quarter. Jump Financial LLC now owns 108,130 shares of the energy company’s stock worth $890,000 after purchasing an additional 97,306 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Ramaco Resources during the first quarter worth about $593,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Ramaco Resources during the first quarter worth about $555,000. 74.49% of the stock is owned by institutional investors and hedge funds.

Ramaco Resources Stock Performance

Ramaco Resources stock opened at $16.88 on Thursday. The stock’s 50-day moving average is $30.31 and its 200-day moving average is $22.57. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -25.19 and a beta of 1.41. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.97 and a quick ratio of 2.24. Ramaco Resources, Inc. has a 12 month low of $6.30 and a 12 month high of $57.80.

Ramaco Resources (NASDAQ:METC) last posted its earnings results on Monday, October 27th. The energy company reported ($0.25) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.05. Ramaco Resources had a negative net margin of 5.67% and a negative return on equity of 8.26%. The firm had revenue of $104.87 million during the quarter, compared to the consensus estimate of $137.63 million. During the same quarter in the prior year, the company earned ($0.03) EPS. The company’s revenue was down 27.7% on a year-over-year basis. Equities analysts anticipate that Ramaco Resources, Inc. will post 0.05 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on METC. The Goldman Sachs Group initiated coverage on shares of Ramaco Resources in a research report on Wednesday, November 19th. They set a “sell” rating and a $16.00 target price on the stock. Robert W. Baird set a $43.00 price target on Ramaco Resources in a research note on Wednesday, October 29th. Baird R W raised Ramaco Resources to a “strong-buy” rating in a research report on Thursday, October 16th. Northland Capmk upgraded Ramaco Resources to a “strong-buy” rating in a research report on Wednesday, October 8th. Finally, Northland Securities set a $44.00 price target on Ramaco Resources in a research note on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Ramaco Resources presently has an average rating of “Moderate Buy” and an average target price of $37.33.

About Ramaco Resources

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.