Sigma Lithium Corporation $SGML Shares Purchased by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its holdings in Sigma Lithium by 133.1%, acquiring an additional 48,381 shares, bringing their total ownership to 84,723 shares.
• Institutional investors and hedge funds own 64.86% of Sigma Lithium, with notable increases from firms like Woodline Partners, Sourcerock Group, and Point72 Asset Management.
• Sigma Lithium reported a loss of ($0.17) EPS, significantly missing analysts' expectations, while the stock has an average rating of "Buy" with a target price of $12.00.

American Century Companies Inc. raised its holdings in shares of Sigma Lithium Corporation (NASDAQ:SGML - Free Report) by 133.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,723 shares of the company's stock after acquiring an additional 48,381 shares during the period. American Century Companies Inc. owned approximately 0.08% of Sigma Lithium worth $881,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in Sigma Lithium during the 1st quarter valued at approximately $139,000. Teacher Retirement System of Texas purchased a new position in shares of Sigma Lithium during the 1st quarter valued at approximately $109,000. Squarepoint Ops LLC purchased a new position in shares of Sigma Lithium during the 4th quarter valued at approximately $150,000. BNP Paribas Financial Markets purchased a new position in shares of Sigma Lithium during the 4th quarter valued at approximately $185,000. Finally, Inscription Capital LLC purchased a new position in shares of Sigma Lithium during the 1st quarter valued at approximately $208,000. 64.86% of the stock is currently owned by institutional investors and hedge funds.

Sigma Lithium Price Performance

NASDAQ SGML traded down $0.41 on Tuesday, hitting $5.83. The company had a trading volume of 1,837,300 shares, compared to its average volume of 1,529,087. The company has a market capitalization of $649.27 million, a PE ratio of -13.26 and a beta of 0.09. The company's fifty day moving average price is $5.97 and its 200-day moving average price is $7.28. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.60 and a quick ratio of 0.39. Sigma Lithium Corporation has a 12-month low of $4.25 and a 12-month high of $15.56.

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

Analysts Set New Price Targets

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

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.