XTX Topco Ltd Has $292,000 Stock Holdings in TMC the metals company Inc. (NASDAQ:TMC)

XTX Topco Ltd lifted its stake in shares of TMC the metals company Inc. (NASDAQ:TMC) by 193.5% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 170,004 shares of the company’s stock after buying an additional 112,075 shares during the quarter. XTX Topco Ltd’s holdings in TMC the metals were worth $292,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP grew its holdings in TMC the metals by 48.0% during the 1st quarter. Allworth Financial LP now owns 14,796 shares of the company’s stock worth $25,000 after acquiring an additional 4,796 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in TMC the metals during the 1st quarter worth approximately $58,000. Wealth Enhancement Advisory Services LLC bought a new stake in TMC the metals during the 1st quarter worth approximately $73,000. Parallel Advisors LLC bought a new stake in TMC the metals during the 1st quarter worth approximately $61,000. Finally, Tidal Investments LLC grew its holdings in TMC the metals by 11.9% during the 4th quarter. Tidal Investments LLC now owns 542,938 shares of the company’s stock worth $608,000 after acquiring an additional 57,606 shares during the last quarter. Institutional investors and hedge funds own 4.39% of the company’s stock.

TMC the metals Stock Performance

Shares of TMC opened at $5.62 on Monday. TMC the metals company Inc. has a one year low of $0.72 and a one year high of $8.63. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of -24.43 and a beta of 1.59. The stock has a 50 day moving average price of $6.19 and a 200 day moving average price of $3.74.

TMC the metals (NASDAQ:TMC) last issued its quarterly earnings results on Wednesday, May 14th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). On average, analysts predict that TMC the metals company Inc. will post -0.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on TMC. Wedbush raised shares of TMC the metals from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $6.00 to $11.00 in a report on Wednesday, June 25th. HC Wainwright increased their price target on shares of TMC the metals from $5.50 to $7.25 and gave the stock a “buy” rating in a report on Wednesday, August 6th.

Insider Activity at TMC the metals

In other news, insider Anthony O’sullivan sold 164,317 shares of TMC the metals stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $4.49, for a total value of $737,783.33. Following the completion of the sale, the insider owned 1,125,667 shares of the company’s stock, valued at $5,054,244.83. The trade was a 12.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brendan May sold 44,204 shares of TMC the metals stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $7.38, for a total value of $326,225.52. Following the completion of the transaction, the director owned 197,586 shares in the company, valued at $1,458,184.68. The trade was a 18.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 233,521 shares of company stock valued at $1,259,009 over the last ninety days. 27.60% of the stock is currently owned by company insiders.

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.