1,206,714 Shares in Sigma Lithium Co. (NASDAQ:SGML) Bought by Bamco Inc. NY

Bamco Inc. NY purchased a new stake in shares of Sigma Lithium Co. (NASDAQ:SGML - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,206,714 shares of the company's stock, valued at approximately $13,539,000. Bamco Inc. NY owned about 1.08% of Sigma Lithium at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new stake in Sigma Lithium during the 4th quarter worth approximately $185,000. Appian Way Asset Management LP raised its holdings in Sigma Lithium by 15.2% in the 4th quarter. Appian Way Asset Management LP now owns 4,712,425 shares of the company's stock valued at $52,873,000 after acquiring an additional 620,024 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Sigma Lithium by 40.4% during the 4th quarter. Northern Trust Corp now owns 124,554 shares of the company's stock worth $1,397,000 after purchasing an additional 35,848 shares in the last quarter. Decade Renewable Partners LP increased its position in shares of Sigma Lithium by 10.3% in the fourth quarter. Decade Renewable Partners LP now owns 861,861 shares of the company's stock worth $9,670,000 after purchasing an additional 80,565 shares during the period. Finally, Aquatic Capital Management LLC bought a new stake in Sigma Lithium during the fourth quarter worth about $27,000. 64.86% of the stock is owned by institutional investors.

Sigma Lithium Price Performance

Shares of SGML stock traded down $0.17 on Friday, hitting $7.25. 1,123,782 shares of the company's stock were exchanged, compared to its average volume of 761,393. The company has a 50 day moving average of $9.32 and a 200 day moving average of $11.22. The stock has a market cap of $806.78 million, a P/E ratio of -15.10 and a beta of 0.30. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.72. Sigma Lithium Co. has a 12 month low of $6.76 and a 12 month high of $19.20.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last posted its earnings results on Monday, March 31st. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.14). Sigma Lithium had a negative return on equity of 38.04% and a negative net margin of 36.85%. The company had revenue of $46.70 million for the quarter, compared to the consensus estimate of $71.77 million. On average, equities research analysts predict that Sigma Lithium Co. will post -0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Bank of America cut their price target on shares of Sigma Lithium from $25.00 to $16.00 and set a "buy" rating for the company in a report on Tuesday, January 14th.

Sigma Lithium Company Profile

Sigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds a 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 29 mineral rights covering an area of approximately 185 square kilometers located in the Araçuaí and Itinga regions of the state of Minas Gerais, Brazil.