TMC the metals company Inc. (NASDAQ:TMC) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its holdings in shares of TMC the metals company Inc. (NASDAQ:TMC) by 50.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,050 shares of the company’s stock after selling 26,050 shares during the period. Corient Private Wealth LLC’s holdings in TMC the metals were worth $29,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TMC. Oppenheimer & Co. Inc. purchased a new stake in shares of TMC the metals in the fourth quarter valued at approximately $28,000. Tidal Investments LLC grew its holdings in TMC the metals by 32.6% in the 3rd quarter. Tidal Investments LLC now owns 485,332 shares of the company’s stock valued at $514,000 after buying an additional 119,335 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of TMC the metals in the 3rd quarter worth $44,000. SBI Securities Co. Ltd. purchased a new position in shares of TMC the metals during the 4th quarter worth $94,000. Finally, Independent Advisor Alliance acquired a new position in shares of TMC the metals during the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 4.39% of the company’s stock.

Insider Activity at TMC the metals

In related news, CFO Craig Shesky sold 353,702 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $1.66, for a total transaction of $587,145.32. Following the completion of the sale, the chief financial officer now owns 1,145,717 shares of the company’s stock, valued at approximately $1,901,890.22. This represents a 23.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 30.00% of the company’s stock.

TMC the metals Stock Performance

TMC opened at $1.94 on Thursday. The stock has a market capitalization of $629.07 million, a P/E ratio of -6.26 and a beta of 1.52. TMC the metals company Inc. has a one year low of $0.72 and a one year high of $2.55. The business’s 50-day simple moving average is $1.79 and its 200-day simple moving average is $1.28.

TMC the metals (NASDAQ:TMC) last posted its quarterly earnings results on Thursday, March 27th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.01. The firm had revenue of ($20.18) million for the quarter. On average, equities research analysts forecast that TMC the metals company Inc. will post -0.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TMC has been the topic of a number of research analyst reports. Wedbush restated a “neutral” rating and issued a $4.00 target price on shares of TMC the metals in a research report on Friday, March 28th. Alliance Global Partners initiated coverage on shares of TMC the metals in a report on Wednesday, January 15th. They issued a “buy” rating and a $3.75 price objective on the stock.

TMC the metals Company 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.