Janus Henderson Group PLC Invests $3.34 Million in Sigma Lithium Co. (NASDAQ:SGML)

Janus Henderson Group PLC bought a new position in Sigma Lithium Co. (NASDAQ:SGML - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 297,743 shares of the company's stock, valued at approximately $3,337,000. Janus Henderson Group PLC owned approximately 0.27% of Sigma Lithium at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Aquatic Capital Management LLC purchased a new position in Sigma Lithium during the fourth quarter valued at approximately $27,000. U S Global Investors Inc. grew its position in Sigma Lithium by 233.3% during the fourth quarter. U S Global Investors Inc. now owns 10,000 shares of the company's stock valued at $112,000 after purchasing an additional 7,000 shares in the last quarter. Pictet Asset Management Holding SA purchased a new position in Sigma Lithium during the fourth quarter valued at approximately $142,000. Handelsbanken Fonder AB purchased a new position in Sigma Lithium during the fourth quarter valued at approximately $160,000. Finally, BNP Paribas Financial Markets purchased a new position in Sigma Lithium during the fourth quarter valued at approximately $185,000. 64.86% of the stock is owned by hedge funds and other institutional investors.

Sigma Lithium Stock Up 8.2%

NASDAQ SGML traded up $0.45 during trading on Thursday, reaching $5.94. The company's stock had a trading volume of 2,051,746 shares, compared to its average volume of 790,049. The company has a current ratio of 0.84, a quick ratio of 0.72 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $661.00 million, a PE ratio of -12.37 and a beta of 0.30. The business has a 50-day moving average price of $8.46 and a 200-day moving average price of $10.77. Sigma Lithium Co. has a 1-year low of $5.24 and a 1-year high of $17.30.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $46.70 million during the quarter, compared to analyst estimates of $71.77 million. On average, research analysts forecast that Sigma Lithium Co. will post -0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Sigma Lithium from a "sell" rating to a "hold" rating in a research note on Thursday.

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.