Credit Industriel ET Commercial Invests $1.01 Million in Sigma Lithium Co. (NASDAQ:SGML)

Credit Industriel ET Commercial purchased a new stake in shares of Sigma Lithium Co. (NASDAQ:SGML - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 90,000 shares of the company's stock, valued at approximately $1,010,000. Credit Industriel ET Commercial owned 0.08% of Sigma Lithium at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Adage Capital Partners GP L.L.C. raised its position in Sigma Lithium by 320.0% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 225,000 shares of the company's stock worth $2,524,000 after buying an additional 171,425 shares during the last quarter. Bridgewater Associates LP lifted its holdings in shares of Sigma Lithium by 41.5% during the 4th quarter. Bridgewater Associates LP now owns 524,713 shares of the company's stock valued at $5,887,000 after buying an additional 153,848 shares during the period. Walleye Capital LLC purchased a new position in shares of Sigma Lithium in the 4th quarter worth $479,000. XTX Topco Ltd purchased a new position in shares of Sigma Lithium in the 4th quarter worth $233,000. Finally, CenterBook Partners LP purchased a new stake in Sigma Lithium during the fourth quarter valued at $1,722,000. Institutional investors own 64.86% of the company's stock.

Wall Street Analyst Weigh In

Separately, Bank of America reduced their price objective on 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 Stock Performance

Sigma Lithium stock traded up $0.01 during midday trading on Tuesday, hitting $8.21. The stock had a trading volume of 108,548 shares, compared to its average volume of 760,553. The firm's fifty day moving average is $10.00 and its two-hundred day moving average is $11.58. The company has a current ratio of 0.84, a quick ratio of 0.72 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $913.61 million, a PE ratio of -17.08 and a beta of 0.26. Sigma Lithium Co. has a 52-week low of $6.76 and a 52-week high of $19.20.

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

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.