Quantbot Technologies LP Boosts Stock Holdings in TMC the metals company Inc. $TMC

Quantbot Technologies LP raised its holdings in TMC the metals company Inc. (NASDAQ:TMC) by 2,615.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 195,971 shares of the company’s stock after purchasing an additional 188,755 shares during the quarter. Quantbot Technologies LP’s holdings in TMC the metals were worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TMC. NewEdge Advisors LLC acquired a new stake in shares of TMC the metals in the 2nd quarter valued at approximately $28,000. KBC Group NV acquired a new position in TMC the metals during the second quarter worth $37,000. Webster Bank N. A. lifted its holdings in TMC the metals by 226.4% in the third quarter. Webster Bank N. A. now owns 7,929 shares of the company’s stock valued at $51,000 after acquiring an additional 5,500 shares during the period. Marex Group plc purchased a new stake in shares of TMC the metals during the 2nd quarter worth $66,000. Finally, Howe & Rusling Inc. purchased a new stake in shares of TMC the metals during the 2nd quarter worth $75,000. Institutional investors and hedge funds own 4.39% of the company’s stock.

TMC the metals Trading Down 1.7%

NASDAQ:TMC opened at $5.96 on Friday. The company has a market capitalization of $2.46 billion, a P/E ratio of -7.74 and a beta of 1.87. The firm has a 50-day moving average price of $6.81 and a two-hundred day moving average price of $6.62. TMC the metals company Inc. has a twelve month low of $1.57 and a twelve month high of $11.35.

Analyst Upgrades and Downgrades

Several analysts recently commented on TMC shares. HC Wainwright raised their price objective on shares of TMC the metals from $7.50 to $11.75 and gave the company a “buy” rating in a research note on Friday, January 23rd. Wedbush restated an “outperform” rating and set a $11.00 target price on shares of TMC the metals in a research report on Thursday, January 22nd. Zacks Research upgraded shares of TMC the metals from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of TMC the metals in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $11.38.

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.