TMC the metals company Inc. $TMC Shares Acquired by Allworth Financial LP

Allworth Financial LP lifted its holdings in shares of TMC the metals company Inc. (NASDAQ:TMC) by 111.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,255 shares of the company’s stock after purchasing an additional 16,459 shares during the period. Allworth Financial LP’s holdings in TMC the metals were worth $206,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wolverine Asset Management LLC grew its holdings in TMC the metals by 752.6% during the 2nd quarter. Wolverine Asset Management LLC now owns 4,945 shares of the company’s stock valued at $33,000 after buying an additional 4,365 shares during the last quarter. Corundum Group Inc. purchased a new stake in shares of TMC the metals in the second quarter valued at $69,000. American Institute for Advanced Investment Management LLP acquired a new stake in shares of TMC the metals during the second quarter valued at $86,000. Arkadios Wealth Advisors acquired a new stake in shares of TMC the metals during the second quarter valued at $89,000. Finally, Sprott Inc. purchased a new stake in TMC the metals during the 1st quarter worth about $26,000. Hedge funds and other institutional investors own 4.39% of the company’s stock.

Insider Buying and Selling

In other TMC the metals news, insider Erika Ilves sold 1,591,485 shares of TMC the metals stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $5.77, for a total transaction of $9,182,868.45. Following the transaction, the insider directly owned 1,145,792 shares of the company’s stock, valued at $6,611,219.84. The trade was a 58.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Anthony O’sullivan sold 250,000 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $5.25, for a total transaction of $1,312,500.00. Following the completion of the sale, the insider directly owned 1,125,667 shares of the company’s stock, valued at $5,909,751.75. The trade was a 18.17% decrease in their position. The disclosure for this sale is available in the SEC filing. 27.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TMC shares. Weiss Ratings restated a “sell (d-)” rating on shares of TMC the metals in a report on Wednesday, October 8th. Zacks Research raised shares of TMC the metals from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. Finally, HC Wainwright raised their target price on shares of TMC the metals from $7.25 to $7.50 and gave the stock a “buy” rating in a research report on Friday, November 14th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $7.42.

TMC the metals Stock Up 10.8%

TMC stock opened at $5.42 on Wednesday. The company has a market cap of $2.20 billion, a price-to-earnings ratio of -7.04 and a beta of 1.71. The business has a fifty day simple moving average of $6.84 and a 200-day simple moving average of $5.93. TMC the metals company Inc. has a 52 week low of $0.72 and a 52 week high of $11.35.

TMC the metals (NASDAQ:TMC) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.08). As a group, analysts expect that TMC the metals company Inc. will post -0.22 earnings per share for the current fiscal year.

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.