WINTON GROUP Ltd Takes $975,000 Position in TMC the metals company Inc. $TMC

WINTON GROUP Ltd purchased a new stake in TMC the metals company Inc. (NASDAQ:TMC) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 220,064 shares of the company’s stock, valued at approximately $975,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. bought a new stake in TMC the metals during the 1st quarter worth about $211,000. Geode Capital Management LLC boosted its stake in shares of TMC the metals by 79.6% in the 2nd quarter. Geode Capital Management LLC now owns 330,823 shares of the company’s stock valued at $2,183,000 after purchasing an additional 146,650 shares during the last quarter. Creative Planning bought a new stake in shares of TMC the metals during the second quarter worth approximately $76,000. Cetera Investment Advisers bought a new stake in shares of TMC the metals during the second quarter worth approximately $168,000. Finally, Quantbot Technologies LP bought a new position in TMC the metals in the second quarter valued at approximately $48,000. 4.39% of the stock is currently owned by institutional investors and hedge funds.

TMC the metals Trading Down 0.3%

TMC opened at $3.93 on Monday. The stock has a market capitalization of $1.73 billion, a P/E ratio of -5.38 and a beta of 2.10. TMC the metals company Inc. has a 12 month low of $3.40 and a 12 month high of $11.35. The firm’s fifty day simple moving average is $4.17 and its 200 day simple moving average is $4.91.

TMC the metals (NASDAQ:TMC) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.08). On average, equities research analysts predict that TMC the metals company Inc. will post -0.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TMC shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TMC the metals in a report on Friday, July 17th. Maxim Group started coverage on TMC the metals in a research note on Thursday, June 4th. They issued a “buy” rating and a $10.00 price target on the stock. HC Wainwright restated a “buy” rating and issued a $11.75 price target on shares of TMC the metals in a research report on Tuesday, June 2nd. Finally, Stifel Nicolaus began coverage on TMC the metals in a research note on Friday, August 28th. They set a “buy” rating and a $10.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $10.44.

TMC the metals Company Profile

The Metals Company (NASDAQ: TMC) is a deep-sea minerals exploration and development company focused on the potential recovery of polymetallic nodules from the ocean floor. These potato-sized nodules contain nickel, copper, cobalt and manganese, metals used in batteries, electric vehicles, renewable energy infrastructure and other industrial applications.

The company’s primary exploration interests are in the Clarion-Clipperton Zone, an area of the Pacific Ocean between Mexico and Hawaii.