UBS Group AG Sells 94,032 Shares of TMC the metals company Inc. $TMC

UBS Group AG lessened its holdings in shares of TMC the metals company Inc. (NASDAQ:TMC) by 14.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 536,725 shares of the company’s stock after selling 94,032 shares during the period. UBS Group AG’s holdings in TMC the metals were worth $3,312,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NewEdge Advisors LLC bought a new stake in TMC the metals during the 2nd quarter valued at $28,000. Sunbelt Securities Inc. bought a new stake in TMC the metals during the 3rd quarter valued at $34,000. Farther Finance Advisors LLC increased its stake in TMC the metals by 465.8% during the 4th quarter. Farther Finance Advisors LLC now owns 5,686 shares of the company’s stock valued at $35,000 after purchasing an additional 4,681 shares in the last quarter. Quantbot Technologies LP bought a new stake in TMC the metals during the 2nd quarter valued at $48,000. Finally, Marex Group plc bought a new stake in TMC the metals during the 2nd quarter valued at $66,000. Institutional investors own 4.39% of the company’s stock.

TMC the metals Price Performance

NASDAQ TMC opened at $5.40 on Monday. TMC the metals company Inc. has a 1 year low of $3.93 and a 1 year high of $11.35. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of -6.84 and a beta of 1.97. The company has a fifty day moving average price of $5.17 and a 200-day moving average price of $6.12.

TMC the metals (NASDAQ:TMC) last posted its earnings results on Thursday, May 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.01. On average, research analysts anticipate that TMC the metals company Inc. will post -0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on TMC. Wedbush boosted their price target on shares of TMC the metals from $8.00 to $10.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Weiss Ratings restated a “sell (d-)” rating on shares of TMC the metals in a research note on Monday, April 20th. Finally, Wall Street Zen upgraded shares of TMC the metals from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, TMC the metals presently has a consensus rating of “Hold” and an average target price of $10.88.

TMC the metals 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.