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

Quantbot Technologies LP grew its stake in shares of TMC the metals company Inc. (NASDAQ:TMC) by 2,615.8% during the third quarter, according to the company in its most recent disclosure 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.

Other institutional investors have also modified their holdings of the company. Swiss National Bank acquired a new stake in TMC the metals during the 2nd quarter worth $2,940,000. Mirador Capital Partners LP grew its holdings in shares of TMC the metals by 306.1% during the third quarter. Mirador Capital Partners LP now owns 449,990 shares of the company’s stock worth $2,866,000 after purchasing an additional 339,174 shares during the last quarter. Mutual Advisors LLC acquired a new stake in shares of TMC the metals during the third quarter worth about $1,390,000. Old West Investment Management LLC lifted its holdings in shares of TMC the metals by 49.6% in the 3rd quarter. Old West Investment Management LLC now owns 1,997,238 shares of the company’s stock valued at $12,722,000 after purchasing an additional 662,200 shares during the last quarter. Finally, XTX Topco Ltd boosted its position in shares of TMC the metals by 80.5% in the 2nd quarter. XTX Topco Ltd now owns 306,920 shares of the company’s stock valued at $2,026,000 after purchasing an additional 136,916 shares during the period. Hedge funds and other institutional investors own 4.39% of the company’s stock.

TMC the metals Price Performance

TMC the metals stock opened at $5.96 on Friday. The business has a 50 day simple moving average of $6.81 and a 200-day simple moving average of $6.62. TMC the metals company Inc. has a 12 month low of $1.57 and a 12 month high of $11.35. The stock has a market capitalization of $2.46 billion, a PE ratio of -7.74 and a beta of 1.87.

Analyst Ratings Changes

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