Electron Capital Partners LLC Sells 180,105 Shares of Sigma Lithium Co. (NASDAQ:SGML)

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

Several other institutional investors also recently modified their holdings of SGML. State Street Corp bought a new stake in Sigma Lithium in the third quarter worth $1,831,000. Geode Capital Management LLC raised its position in shares of Sigma Lithium by 8.4% in the 3rd quarter. Geode Capital Management LLC now owns 117,125 shares of the company's stock worth $1,448,000 after purchasing an additional 9,049 shares during the last quarter. Tidal Investments LLC boosted its stake in Sigma Lithium by 43.4% in the 3rd quarter. Tidal Investments LLC now owns 63,422 shares of the company's stock worth $784,000 after purchasing an additional 19,193 shares in the last quarter. Handelsbanken Fonder AB purchased a new stake in Sigma Lithium during the 4th quarter valued at about $160,000. Finally, Bank of New York Mellon Corp bought a new stake in Sigma Lithium during the 4th quarter valued at about $728,000. 64.86% of the stock is currently owned by institutional investors.

Sigma Lithium Stock Performance

Shares of NASDAQ:SGML traded up $0.14 during midday trading on Friday, reaching $8.29. 588,962 shares of the company's stock traded hands, compared to its average volume of 759,648. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.72 and a current ratio of 0.84. Sigma Lithium Co. has a one year low of $6.76 and a one year high of $19.20. The company has a market cap of $922.51 million, a price-to-earnings ratio of -17.27 and a beta of 0.26. The stock has a 50 day moving average of $9.73 and a 200 day moving average of $11.43.

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 (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 company had revenue of $46.70 million for the quarter, compared to analysts' expectations of $71.77 million. As a group, equities research analysts anticipate that Sigma Lithium Co. will post -0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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