Janus Henderson Group PLC Makes New Investment in Sigma Lithium Co. (NASDAQ:SGML)

Janus Henderson Group PLC purchased a new position in shares of Sigma Lithium Co. (NASDAQ:SGML - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 297,743 shares of the company's stock, valued at approximately $3,337,000. Janus Henderson Group PLC owned about 0.27% of Sigma Lithium as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Handelsbanken Fonder AB acquired a new stake in shares of Sigma Lithium in the 4th quarter valued at approximately $160,000. Bank of New York Mellon Corp acquired a new stake in shares of Sigma Lithium in the 4th quarter valued at approximately $728,000. U S Global Investors Inc. boosted its holdings in shares of Sigma Lithium by 233.3% in the 4th quarter. U S Global Investors Inc. now owns 10,000 shares of the company's stock valued at $112,000 after buying an additional 7,000 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Sigma Lithium by 203.6% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,183,675 shares of the company's stock valued at $24,501,000 after buying an additional 1,464,475 shares during the last quarter. Finally, American Century Companies Inc. acquired a new stake in shares of Sigma Lithium in the 4th quarter valued at approximately $408,000. Institutional investors and hedge funds own 64.86% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Sigma Lithium from a "sell" rating to a "hold" rating in a report on Thursday.

Sigma Lithium Stock Performance

Sigma Lithium stock traded down $0.04 during mid-day trading on Friday, hitting $5.90. 1,585,745 shares of the company's stock traded hands, compared to its average volume of 794,764. The firm has a 50 day simple moving average of $8.33 and a two-hundred day simple moving average of $10.68. Sigma Lithium Co. has a fifty-two week low of $5.23 and a fifty-two week high of $17.30. The stock has a market cap of $656.55 million, a price-to-earnings ratio of -12.29 and a beta of 0.30. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.72.

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 the consensus estimate 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 analyst estimates of $71.77 million. On average, research analysts expect that Sigma Lithium Co. will post -0.12 EPS for the current fiscal year.

About Sigma Lithium

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.