Bamco Inc. NY Takes $13.54 Million Position in Sigma Lithium Co. (NASDAQ:SGML)

Bamco Inc. NY purchased a new stake in Sigma Lithium Co. (NASDAQ:SGML - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Aquatic Capital Management LLC bought a new position in shares of Sigma Lithium in the fourth quarter worth about $27,000. U S Global Investors Inc. raised its position in Sigma Lithium by 233.3% in the 4th quarter. U S Global Investors Inc. now owns 10,000 shares of the company's stock worth $112,000 after purchasing an additional 7,000 shares during the last quarter. Pictet Asset Management Holding SA acquired a new position in Sigma Lithium during the 4th quarter worth $142,000. Handelsbanken Fonder AB bought a new position in Sigma Lithium in the 4th quarter valued at $160,000. Finally, BNP Paribas Financial Markets acquired a new stake in Sigma Lithium in the fourth quarter worth about $185,000. Institutional investors and hedge funds own 64.86% of the company's stock.

Sigma Lithium Trading Down 4.4 %

NASDAQ:SGML traded down $0.32 during trading hours on Wednesday, hitting $7.03. The stock had a trading volume of 1,388,144 shares, compared to its average volume of 759,126. The business's 50 day moving average is $9.56 and its 200-day moving average is $11.36. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.72 and a current ratio of 0.84. The company has a market cap of $782.30 million, a price-to-earnings ratio of -14.65 and a beta of 0.30. Sigma Lithium Co. has a one year low of $6.76 and a one year high of $19.20.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last released its quarterly earnings data on Monday, March 31st. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.14). The firm had revenue of $46.70 million during the quarter, compared to the consensus estimate of $71.77 million. Sigma Lithium had a negative net margin of 36.85% and a negative return on equity of 38.04%. Sell-side analysts anticipate that Sigma Lithium Co. will post -0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Sigma Lithium 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.