Tudor Investment Corp ET AL Has $2.82 Million Stock Holdings in TMC the metals company Inc. $TMC

Tudor Investment Corp ET AL trimmed its position in TMC the metals company Inc. (NASDAQ:TMC) by 37.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 442,419 shares of the company’s stock after selling 269,025 shares during the period. Tudor Investment Corp ET AL owned approximately 0.11% of TMC the metals worth $2,818,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in TMC. Allworth Financial LP boosted its holdings in TMC the metals by 52.0% in the third quarter. Allworth Financial LP now owns 47,521 shares of the company’s stock worth $303,000 after acquiring an additional 16,266 shares in the last quarter. Cantor Fitzgerald L. P. bought a new stake in shares of TMC the metals during the third quarter valued at approximately $318,000. Sunbelt Securities Inc. acquired a new position in shares of TMC the metals during the third quarter worth approximately $34,000. Sender Co & Partners Inc. acquired a new position in shares of TMC the metals during the third quarter worth approximately $110,000. Finally, PharVision Advisers LLC bought a new position in shares of TMC the metals in the 3rd quarter worth $102,000. 4.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TMC has been the subject of several research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of TMC the metals in a research report on Wednesday, January 21st. HC Wainwright upped their price objective on shares of TMC the metals from $7.50 to $11.75 and gave the stock a “buy” rating in a report on Friday, January 23rd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $11.00 price objective on shares of TMC the metals in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $11.38.

TMC the metals Trading Down 7.4%

Shares of TMC opened at $4.27 on Friday. The stock has a 50 day moving average of $6.35 and a 200 day moving average of $6.67. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of -5.55 and a beta of 1.87. TMC the metals company Inc. has a 12 month low of $1.57 and a 12 month high of $11.35.

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.