WINTON GROUP Ltd Takes $1.83 Million Position in Ramaco Resources, Inc. $METC

WINTON GROUP Ltd acquired a new stake in Ramaco Resources, Inc. (NASDAQ:METC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 55,200 shares of the energy company’s stock, valued at approximately $1,832,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Ramaco Resources by 40.0% during the third quarter. Vanguard Group Inc. now owns 2,335,257 shares of the energy company’s stock worth $77,507,000 after buying an additional 667,199 shares during the period. Geode Capital Management LLC grew its stake in shares of Ramaco Resources by 25.0% in the second quarter. Geode Capital Management LLC now owns 687,343 shares of the energy company’s stock valued at $9,033,000 after buying an additional 137,635 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Ramaco Resources by 8.4% in the 2nd quarter. American Century Companies Inc. now owns 1,028,186 shares of the energy company’s stock valued at $13,510,000 after buying an additional 79,858 shares during the period. Bosun Asset Management LLC purchased a new stake in shares of Ramaco Resources in the 2nd quarter valued at $819,000. Finally, Goldman Sachs Group Inc. lifted its stake in Ramaco Resources by 27.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 274,545 shares of the energy company’s stock worth $2,260,000 after acquiring an additional 58,304 shares in the last quarter. 74.49% of the stock is currently owned by institutional investors and hedge funds.

Ramaco Resources Price Performance

METC stock opened at $14.75 on Wednesday. The business’s 50-day moving average is $18.76 and its two-hundred day moving average is $23.80. The company has a debt-to-equity ratio of 0.95, a current ratio of 5.46 and a quick ratio of 4.66. The firm has a market capitalization of $825.41 million, a P/E ratio of -14.90 and a beta of 1.41. Ramaco Resources, Inc. has a 1 year low of $6.30 and a 1 year high of $57.80.

Ramaco Resources (NASDAQ:METC) last announced its quarterly earnings data on Wednesday, February 25th. The energy company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.02. The business had revenue of $108.72 million during the quarter, compared to the consensus estimate of $143.48 million. Ramaco Resources had a negative return on equity of 12.01% and a negative net margin of 9.59%.The business’s revenue for the quarter was down 25.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.02 earnings per share. Analysts anticipate that Ramaco Resources, Inc. will post 0.05 earnings per share for the current fiscal year.

Ramaco Resources declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, December 23rd that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the energy company to buy up to 9.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on METC shares. The Goldman Sachs Group lowered their target price on Ramaco Resources from $16.00 to $14.00 and set a “sell” rating for the company in a report on Monday, March 2nd. Morgan Stanley began coverage on shares of Ramaco Resources in a research note on Friday, December 5th. They set an “equal weight” rating and a $17.50 price target on the stock. Zacks Research cut shares of Ramaco Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 3rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Ramaco Resources in a research note on Monday, December 29th. Finally, Jefferies Financial Group raised shares of Ramaco Resources from a “hold” rating to a “buy” rating and cut their target price for the stock from $33.00 to $30.00 in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Ramaco Resources currently has an average rating of “Hold” and a consensus target price of $31.93.

About Ramaco Resources

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.