Sigma Lithium Corporation $SGML Shares Purchased by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. raised its position in Sigma Lithium Corporation (NASDAQ:SGML - Free Report) by 95.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 440,000 shares of the company's stock after acquiring an additional 215,000 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.40% of Sigma Lithium worth $4,576,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SGML. Northern Trust Corp grew its position in Sigma Lithium by 40.4% in the fourth quarter. Northern Trust Corp now owns 124,554 shares of the company's stock valued at $1,397,000 after acquiring an additional 35,848 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Sigma Lithium during the fourth quarter worth approximately $185,000. Janus Henderson Group PLC acquired a new stake in shares of Sigma Lithium during the fourth quarter worth approximately $3,337,000. Interval Partners LP acquired a new stake in shares of Sigma Lithium during the fourth quarter worth approximately $279,000. Finally, Lighthouse Investment Partners LLC grew its position in shares of Sigma Lithium by 78.7% during the fourth quarter. Lighthouse Investment Partners LLC now owns 247,576 shares of the company's stock worth $2,778,000 after buying an additional 109,064 shares in the last quarter. Institutional investors and hedge funds own 64.86% of the company's stock.

Sigma Lithium Stock Performance

SGML stock traded down $0.02 during mid-day trading on Friday, reaching $5.41. The company had a trading volume of 374,423 shares, compared to its average volume of 1,538,481. The company has a quick ratio of 0.39, a current ratio of 0.60 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $601.74 million, a P/E ratio of -12.31 and a beta of 0.09. Sigma Lithium Corporation has a one year low of $4.25 and a one year high of $15.56. The stock's 50-day simple moving average is $6.02 and its two-hundred day simple moving average is $7.21.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.14). Sigma Lithium had a negative net margin of 35.69% and a negative return on equity of 47.19%. The company had revenue of $16.89 million for the quarter, compared to the consensus estimate of $50.44 million. Research analysts anticipate that Sigma Lithium Corporation will post -0.12 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SGML shares. Cormark raised shares of Sigma Lithium to a "moderate buy" rating in a research report on Thursday, August 21st. Wall Street Zen downgraded shares of Sigma Lithium from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Finally, Bank of America initiated coverage on shares of Sigma Lithium in a research report on Tuesday, August 26th. They set a "buy" rating and a $12.00 price target for the company. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $12.00.

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.