Citadel Advisors LLC Has $1.18 Million Stake in ROMACO RESOURCS (METC)
Citadel Advisors LLC lowered its position in ROMACO RESOURCS (NASDAQ:METC) by 5.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 194,386 shares of the energy company’s stock after selling 11,972 shares during the period. Citadel Advisors LLC owned about 0.50% of ROMACO RESOURCS worth $1,177,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in shares of ROMACO RESOURCS in the first quarter valued at about $105,000. Marshall Wace North America L.P. purchased a new stake in shares of ROMACO RESOURCS in the first quarter valued at about $124,000. MARSHALL WACE ASIA Ltd purchased a new stake in shares of ROMACO RESOURCS in the first quarter valued at about $124,000. Laurion Capital Management LP purchased a new stake in shares of ROMACO RESOURCS in the first quarter valued at about $145,000. Finally, Northern Trust Corp raised its holdings in shares of ROMACO RESOURCS by 55.7% in the second quarter. Northern Trust Corp now owns 32,804 shares of the energy company’s stock valued at $198,000 after purchasing an additional 11,731 shares during the last quarter. Institutional investors own 76.75% of the company’s stock.
Several brokerages have recently commented on METC. Zacks Investment Research upgraded shares of ROMACO RESOURCS from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. ValuEngine downgraded shares of ROMACO RESOURCS from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. Finally, BMO Capital Markets set a $11.00 price objective on shares of ROMACO RESOURCS and gave the stock a “buy” rating in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $14.60.
In other ROMACO RESOURCS news, insider Michael Dale Bauersachs bought 14,000 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was acquired at an average price of $6.98 per share, with a total value of $97,720.00. Following the transaction, the insider now owns 1,834,804 shares in the company, valued at $12,806,931.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of ROMACO RESOURCS (METC) opened at 6.80 on Thursday. ROMACO RESOURCS has a 12-month low of $6.43 and a 12-month high of $13.64. The company’s 50-day moving average is $6.89 and its 200-day moving average is $6.89. The stock’s market cap is $268.66 million.
ROMACO RESOURCS (NASDAQ:METC) last issued its earnings results on Monday, August 14th. The energy company reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.14). The business had revenue of $11.07 million during the quarter, compared to analyst estimates of $17.60 million. On average, equities research analysts anticipate that ROMACO RESOURCS will post $0.10 earnings per share for the current year.
About ROMACO RESOURCS
Ramaco Resources, Inc is a development-stage company. The Company is a developer of metallurgical coal in central and southern West Virginia, southwestern Virginia and southwestern Pennsylvania. The Company’s project portfolio includes Elk Creek, Berwind, RAM Mine and Knox Creek. As of December 29, 2016, the Elk Creek property in southern West Virginia consisted of approximately 17,128 acres of controlled mineral.
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