SLT Holdings LLC Acquires Shares of 198,200 TMC the metals company Inc. $TMC

SLT Holdings LLC acquired a new stake in TMC the metals company Inc. (NASDAQ:TMC) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 198,200 shares of the company’s stock, valued at approximately $1,223,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC acquired a new position in TMC the metals in the 2nd quarter valued at $28,000. Sunbelt Securities Inc. acquired a new position in TMC the metals in the 3rd quarter valued at $34,000. Farther Finance Advisors LLC grew its holdings in TMC the metals by 465.8% in the 4th quarter. Farther Finance Advisors LLC now owns 5,686 shares of the company’s stock valued at $35,000 after buying an additional 4,681 shares in the last quarter. Quantbot Technologies LP acquired a new position in TMC the metals in the 2nd quarter valued at $48,000. Finally, Marex Group plc acquired a new position in TMC the metals in the 2nd quarter valued at $66,000. 4.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on TMC shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TMC the metals in a report on Monday, April 20th. Wall Street Zen raised TMC the metals from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Wedbush upped their price objective on TMC the metals from $8.00 to $10.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Two equities research 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, TMC the metals currently has an average rating of “Hold” and a consensus price target of $10.88.

TMC the metals Stock Performance

NASDAQ:TMC opened at $5.40 on Monday. The stock has a fifty day moving average price of $5.17 and a 200-day moving average price of $6.12. The company has a market cap 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 fifty-two week low of $3.93 and a fifty-two week high of $11.35.

TMC the metals (NASDAQ:TMC) last released its earnings results on Thursday, May 14th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. Research analysts predict that TMC the metals company Inc. will post -0.31 EPS 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. 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.