First Eagle Investment Management LLC Increases Stock Position in Ramaco Resources, Inc. $METCB

First Eagle Investment Management LLC increased its holdings in Ramaco Resources, Inc. (NASDAQ:METCB) by 52.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 467,126 shares of the company’s stock after buying an additional 161,292 shares during the period. First Eagle Investment Management LLC’s holdings in Ramaco Resources were worth $5,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MCF Advisors LLC acquired a new stake in Ramaco Resources during the 3rd quarter worth $27,000. Acuitas Investments LLC increased its stake in Ramaco Resources by 1.2% in the third quarter. Acuitas Investments LLC now owns 182,621 shares of the company’s stock valued at $3,077,000 after purchasing an additional 2,163 shares during the period. Bank of America Corp DE raised its holdings in shares of Ramaco Resources by 574.4% in the third quarter. Bank of America Corp DE now owns 3,190 shares of the company’s stock valued at $54,000 after buying an additional 2,717 shares during the last quarter. XTX Topco Ltd boosted its stake in shares of Ramaco Resources by 49.2% during the second quarter. XTX Topco Ltd now owns 20,398 shares of the company’s stock worth $167,000 after buying an additional 6,727 shares during the period. Finally, Yorktown Energy Partners X L.P. grew its holdings in shares of Ramaco Resources by 1.2% during the third quarter. Yorktown Energy Partners X L.P. now owns 816,132 shares of the company’s stock worth $13,752,000 after buying an additional 9,667 shares during the last quarter. Hedge funds and other institutional investors own 9.63% of the company’s stock.

Ramaco Resources Stock Performance

Shares of METCB stock opened at $10.12 on Thursday. The stock has a market capitalization of $679.25 million, a PE ratio of -9.20 and a beta of 0.91. Ramaco Resources, Inc. has a 52-week low of $7.13 and a 52-week high of $22.11. The stock’s 50-day moving average price is $10.77 and its 200 day moving average price is $12.10. The company has a quick ratio of 4.66, a current ratio of 4.88 and a debt-to-equity ratio of 1.06.

Ramaco Resources (NASDAQ:METCB) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.30) EPS for the quarter. Ramaco Resources had a negative net margin of 11.52% and a negative return on equity of 13.44%. The company had revenue of $121.61 million for the quarter.

Ramaco Resources Company Profile

Ramaco Resources (NASDAQ:METCB) is a U.S.-based coal company focused on the exploration, development and production of metallurgical and thermal coal. The company’s operations encompass both surface and underground mining in the central Appalachian Basin, where it seeks to capitalize on the region’s high-quality, low-ash coal reserves. Ramaco’s product portfolio includes metallurgical coking coal used in steelmaking, as well as steam coal for power generation, with an emphasis on meeting the exacting specifications of industrial customers.

Founded in 2014 and headquartered in Houston, Texas, Ramaco Resources has assembled a strategic acreage position in southern West Virginia and southwestern Pennsylvania.