Millennium Management LLC Trims Holdings in Sigma Lithium Co. (NASDAQ:SGML)

Millennium Management LLC trimmed its position in shares of Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 96.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,737 shares of the company's stock after selling 364,884 shares during the period. Millennium Management LLC's holdings in Sigma Lithium were worth $165,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Alliancebernstein L.P. boosted its stake in shares of Sigma Lithium by 10.9% in the 4th quarter. Alliancebernstein L.P. now owns 17,390 shares of the company's stock valued at $195,000 after purchasing an additional 1,710 shares in the last quarter. Aquatic Capital Management LLC purchased a new stake in Sigma Lithium during the 4th quarter valued at about $27,000. U S Global Investors Inc. grew its position in Sigma Lithium by 233.3% during the 4th quarter. U S Global Investors Inc. now owns 10,000 shares of the company's stock worth $112,000 after acquiring an additional 7,000 shares during the last quarter. Boothbay Fund Management LLC increased its stake in Sigma Lithium by 16.8% in the 4th quarter. Boothbay Fund Management LLC now owns 85,703 shares of the company's stock worth $962,000 after purchasing an additional 12,308 shares during the period. Finally, Pictet Asset Management Holding SA bought a new stake in Sigma Lithium in the fourth quarter valued at approximately $142,000. Institutional investors own 64.86% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Sigma Lithium from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.

Sigma Lithium Trading Down 2.1%

Shares of NASDAQ:SGML traded down $0.11 during midday trading on Friday, hitting $5.02. 1,618,639 shares of the stock traded hands, compared to its average volume of 846,126. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $558.64 million, a PE ratio of -10.46 and a beta of 0.07. Sigma Lithium Co. has a one year low of $4.52 and a one year high of $15.56. The business's 50 day moving average is $6.83 and its two-hundred day moving average is $9.90.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last posted its 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). The business had revenue of $46.70 million for the quarter, compared to analysts' expectations of $71.77 million. Sigma Lithium had a negative net margin of 36.85% and a negative return on equity of 38.04%. As a group, research analysts forecast that Sigma Lithium Co. will post -0.12 earnings per share for the current year.

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.