Why One Fund Made Ramaco Resources a $182 Million Bet Amid a Staggering Stock Surge

On November 14, Connecticut-based Discovery Capital Management disclosed a significant buy in Ramaco Resources (NASDAQ:METC), increasing its stake by 4.18 million shares and seeing the overall position climb by about $164.67 million in value.According to an SEC filing dated November 14, Connecticut-based Discovery Capital Management added 4.18 million shares of Ramaco Resources during the third quarter. The fund’s stake rose to 5.53 million shares with a quarter-end market value of $182.21 million, reflecting a $164.67 million increase from the prior period.Ramaco Resources now accounts for about 10% of Discovery’s reportable U.S. equity AUM, making it the fund’s largest holding.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool