198,200 Shares in TMC the metals company Inc. $TMC Purchased by SLT Holdings LLC

SLT Holdings LLC acquired a new position in TMC the metals company Inc. (NASDAQ:TMC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 198,200 shares of the company’s stock, valued at approximately $1,223,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Howe & Rusling Inc. increased its position in TMC the metals by 31.2% in the third quarter. Howe & Rusling Inc. now owns 14,855 shares of the company’s stock worth $95,000 after purchasing an additional 3,530 shares during the period. NewEdge Advisors LLC acquired a new position in shares of TMC the metals during the 2nd quarter worth about $28,000. Farther Finance Advisors LLC grew its position in shares of 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 buying an additional 4,681 shares during the period. Sunbelt Securities Inc. acquired a new position in shares of TMC the metals during the 3rd quarter worth about $34,000. Finally, Concurrent Investment Advisors LLC grew its position in shares of TMC the metals by 16.0% during the 4th quarter. Concurrent Investment Advisors LLC now owns 39,197 shares of the company’s stock worth $242,000 after buying an additional 5,397 shares during the period. 4.39% of the stock is currently owned by institutional investors and hedge funds.

TMC the metals Price Performance

NASDAQ:TMC opened at $5.40 on Monday. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of -6.84 and a beta of 1.97. TMC the metals company Inc. has a twelve month low of $3.93 and a twelve month high of $11.35. The stock’s 50 day moving average price is $5.17 and its two-hundred day moving average price is $6.12.

TMC the metals (NASDAQ:TMC) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. As a group, analysts anticipate that TMC the metals company Inc. will post -0.31 earnings per share for the current year.

Analysts Set New Price Targets

TMC has been the subject of several analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of TMC the metals in a research report on Monday, April 20th. Wall Street Zen upgraded TMC the metals from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Wedbush boosted their target price on TMC the metals from $8.00 to $10.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $10.88.

About TMC the metals

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.