Electron Capital Partners LLC Has $13.92 Million Holdings in Sigma Lithium Co. (NASDAQ:SGML)

Electron Capital Partners LLC cut its stake in Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 12.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,240,701 shares of the company's stock after selling 180,105 shares during the period. Sigma Lithium makes up 0.7% of Electron Capital Partners LLC's holdings, making the stock its 23rd largest position. Electron Capital Partners LLC owned approximately 1.12% of Sigma Lithium worth $13,921,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in SGML. State Street Corp bought a new stake in shares of Sigma Lithium in the third quarter worth $1,831,000. Geode Capital Management LLC lifted its position in Sigma Lithium by 8.4% during the 3rd quarter. Geode Capital Management LLC now owns 117,125 shares of the company's stock worth $1,448,000 after buying an additional 9,049 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Sigma Lithium by 43.4% in the 3rd quarter. Tidal Investments LLC now owns 63,422 shares of the company's stock valued at $784,000 after acquiring an additional 19,193 shares in the last quarter. Handelsbanken Fonder AB acquired a new stake in shares of Sigma Lithium in the fourth quarter valued at about $160,000. Finally, Bank of New York Mellon Corp bought a new stake in Sigma Lithium during the fourth quarter worth about $728,000. Institutional investors own 64.86% of the company's stock.

Sigma Lithium Stock Up 1.7 %

SGML traded up $0.14 during trading on Friday, reaching $8.29. 588,962 shares of the stock were exchanged, compared to its average volume of 760,181. 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 stock's 50 day moving average price is $9.80 and its two-hundred day moving average price is $11.50. Sigma Lithium Co. has a twelve month low of $6.76 and a twelve month high of $19.20. The stock has a market cap of $922.51 million, a P/E ratio of -17.27 and a beta of 0.26.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last announced its quarterly 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 business had revenue of $46.70 million for the quarter, compared to analyst estimates of $71.77 million. Equities analysts expect that Sigma Lithium Co. will post -0.12 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Bank of America decreased their price target 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 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.