American Institute for Advanced Investment Management LLP Acquires Shares of 13,000 TMC the metals company Inc. $TMC

by · The Cerbat Gem

American Institute for Advanced Investment Management LLP acquired a new stake in TMC the metals company Inc. (NASDAQ:TMC – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,000 shares of the company’s stock, valued at approximately $86,000.

Other institutional investors also recently bought and sold shares of the company. Wolverine Asset Management LLC boosted its stake in shares of TMC the metals by 752.6% in the second quarter. Wolverine Asset Management LLC now owns 4,945 shares of the company’s stock worth $33,000 after acquiring an additional 4,365 shares during the last quarter. Arkadios Wealth Advisors acquired a new stake in shares of TMC the metals in the second quarter worth approximately $89,000. Teacher Retirement System of Texas acquired a new stake in shares of TMC the metals in the second quarter worth approximately $234,000. Yukon Wealth Management Inc. acquired a new stake in shares of TMC the metals in the second quarter worth approximately $125,000. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in shares of TMC the metals in the second quarter worth approximately $201,000. 4.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TMC the metals

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Zacks Research lowered TMC the metals from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TMC the metals in a research note on Wednesday, October 8th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $7.25 price target on shares of TMC the metals in a research note on Monday, August 18th. Three analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat, TMC the metals has a consensus rating of “Hold” and an average price target of $7.33.

Check Out Our Latest Stock Report on TMC the metals

TMC the metals Stock Performance

Shares of TMC the metals stock opened at $7.07 on Friday. TMC the metals company Inc. has a one year low of $0.72 and a one year high of $11.35. The company has a market cap of $2.87 billion, a price-to-earnings ratio of -19.11 and a beta of 1.70. The business’s 50 day moving average price is $6.76 and its 200 day moving average price is $5.68.

TMC the metals (NASDAQ:TMC – Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.01). On average, analysts predict that TMC the metals company Inc. will post -0.22 EPS for the current fiscal year.

TMC the metals Profile

(Free Report)

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.

See Also

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