WINTON GROUP Ltd Takes Position in TMC the metals company Inc. $TMC

WINTON GROUP Ltd acquired a new stake in TMC the metals company Inc. (NASDAQ:TMC) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 153,478 shares of the company’s stock, valued at approximately $947,000.

Other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC bought a new stake in shares of TMC the metals in the 2nd quarter valued at $28,000. Sunbelt Securities Inc. bought a new stake in shares of TMC the metals in the 3rd quarter valued at $34,000. Farther Finance Advisors LLC boosted its stake in shares of TMC the metals by 465.8% in the 4th quarter. Farther Finance Advisors LLC now owns 5,686 shares of the company’s stock valued at $35,000 after purchasing an additional 4,681 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of TMC the metals in the 2nd quarter valued at $48,000. Finally, Consolidated Capital Management LLC bought a new stake in shares of TMC the metals in the 4th quarter valued at $62,000. 4.39% of the stock is owned by institutional investors.

TMC the metals Stock Down 2.0%

Shares of NASDAQ TMC opened at $5.01 on Wednesday. The firm has a market cap of $2.17 billion, a PE ratio of -6.34 and a beta of 1.99. TMC the metals company Inc. has a 12-month low of $3.93 and a 12-month high of $11.35. The company’s fifty day simple moving average is $5.27 and its 200 day simple moving average is $6.13.

TMC the metals (NASDAQ:TMC) last issued its earnings results on Thursday, May 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.01. On average, equities analysts predict that TMC the metals company Inc. will post -0.31 earnings per share for the current year.

Insider Transactions at TMC the metals

In related news, Director Brendan May sold 20,768 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $6.42, for a total transaction of $133,330.56. Following the transaction, the director directly owned 193,346 shares of the company’s stock, valued at $1,241,281.32. This represents a 9.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 28.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wedbush upped their price objective on shares of TMC the metals from $8.00 to $10.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. HC Wainwright reaffirmed a “buy” rating and issued a $11.75 price objective on shares of TMC the metals in a research note on Tuesday, June 2nd. Wall Street Zen raised shares of TMC the metals from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Maxim Group began coverage on shares of TMC the metals in a research note on Thursday, June 4th. They set a “buy” rating and a $10.00 target price on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of TMC the metals in a research note on Monday, April 20th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $10.58.

TMC the metals Company 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.