WINTON GROUP Ltd acquired a new position in shares of TMC the metals company Inc. (NASDAQ:TMC – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 153,478 shares of the company’s stock, valued at approximately $947,000.
Other institutional investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC acquired a new position in TMC the metals during the 2nd quarter worth approximately $28,000. Sunbelt Securities Inc. acquired a new position in TMC the metals during the 3rd quarter worth approximately $34,000. Farther Finance Advisors LLC increased its position in TMC the metals by 465.8% during the 4th quarter. Farther Finance Advisors LLC now owns 5,686 shares of the company’s stock worth $35,000 after purchasing an additional 4,681 shares in the last quarter. Quantbot Technologies LP acquired a new position in TMC the metals during the 2nd quarter worth approximately $48,000. Finally, Consolidated Capital Management LLC acquired a new position in TMC the metals during the 4th quarter worth approximately $62,000. 4.39% of the stock is currently owned by institutional investors and hedge funds.
TMC the metals Stock Performance
Shares of NASDAQ TMC opened at $5.01 on Wednesday. TMC the metals company Inc. has a 52-week low of $3.93 and a 52-week high of $11.35. The firm has a 50 day moving average price of $5.27 and a two-hundred day moving average price of $6.13. The stock has a market cap of $2.17 billion, a P/E ratio of -6.34 and a beta of 1.99.
Insider Transactions at TMC the metals
In other TMC the metals news, Director Brendan May sold 20,768 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $6.42, for a total value of $133,330.56. Following the completion of the transaction, the director directly owned 193,346 shares in the company, valued at approximately $1,241,281.32. This represents a 9.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 28.50% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of TMC the metals from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Wedbush upped their price objective on shares of TMC the metals from $8.00 to $10.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. HC Wainwright restated a “buy” rating and issued a $11.75 price target on shares of TMC the metals in a research report on Tuesday, June 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of TMC the metals in a research report on Monday, April 20th. Finally, Maxim Group assumed coverage on shares of TMC the metals in a research report on Thursday, June 4th. They issued a “buy” rating and a $10.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $10.58.
Check Out Our Latest Report on TMC the metals
TMC the metals Profile
TMC the metals company Inc, a deep-sea minerals exploration company, focuses on the collection, processing, and refining of polymetallic nodules found on the seafloor in California. It primarily explores for nickel, cobalt, copper, and manganese products. The company holds exploration and commercial rights in three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean. Its products are used in electric vehicles (EV), renewable energy storage markets, EV wiring, energy transmission, manganese alloy production required for steel production, and other applications.
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