Metals Acquisition Limited (NYSE:MTAL) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its stake in Metals Acquisition Limited (NYSE:MTAL - Free Report) by 66.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 32,587 shares of the company's stock after selling 64,264 shares during the quarter. Jane Street Group LLC's holdings in Metals Acquisition were worth $451,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of MTAL. Wellington Management Group LLP grew its stake in Metals Acquisition by 799.1% during the 3rd quarter. Wellington Management Group LLP now owns 909,588 shares of the company's stock valued at $12,598,000 after acquiring an additional 808,418 shares in the last quarter. Millennium Management LLC grew its position in shares of Metals Acquisition by 54.3% in the second quarter. Millennium Management LLC now owns 1,919,918 shares of the company's stock valued at $26,284,000 after purchasing an additional 675,340 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Metals Acquisition in the third quarter valued at approximately $6,049,000. Bank of New York Mellon Corp acquired a new stake in shares of Metals Acquisition in the second quarter valued at approximately $2,141,000. Finally, State Street Corp lifted its position in Metals Acquisition by 28.7% during the third quarter. State Street Corp now owns 698,943 shares of the company's stock worth $9,680,000 after buying an additional 156,022 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.

Metals Acquisition Price Performance

NYSE:MTAL traded down $0.28 during midday trading on Tuesday, reaching $10.24. The company had a trading volume of 244,393 shares, compared to its average volume of 185,248. Metals Acquisition Limited has a 12-month low of $9.89 and a 12-month high of $15.26. The company has a current ratio of 0.84, a quick ratio of 0.69 and a debt-to-equity ratio of 0.85. The stock's fifty day simple moving average is $11.96 and its 200-day simple moving average is $12.30.

Analyst Upgrades and Downgrades

Separately, Scotiabank dropped their target price on Metals Acquisition from $16.00 to $14.50 and set a "sector outperform" rating for the company in a report on Monday.

Metals Acquisition Profile

Metals Acquisition Limited focuses on mining and production of copper and silver. It operates the CSA copper mine in Cobar, Australia. The company was incorporated in 2022 and is headquartered in Saint Helier, Jersey.