52,879 Shares in Sigma Lithium Corporation $SGML Purchased by Nuveen LLC

Key Points

• Nuveen LLC has purchased 52,879 shares of Sigma Lithium Corporation, valued at approximately $550,000, marking a new position for the institutional investor.
• Wealth Enhancement Advisory Services LLC significantly increased its holdings in Sigma Lithium by 67.8% during the first quarter, now owning 74,425 shares worth $774,000.
• Analysts have mixed ratings on Sigma Lithium, with a consensus "Buy" rating and a price target of $12.00, although some firms have downgraded their assessments recently.

Nuveen LLC purchased a new stake in Sigma Lithium Corporation (NASDAQ:SGML - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 52,879 shares of the company's stock, valued at approximately $550,000.

A number of other large investors have also made changes to their positions in the stock. Woodline Partners LP boosted its stake in Sigma Lithium by 113.5% in the fourth quarter. Woodline Partners LP now owns 1,617,673 shares of the company's stock valued at $18,150,000 after acquiring an additional 859,924 shares during the last quarter. Sourcerock Group LLC increased its position in shares of Sigma Lithium by 46.0% during the fourth quarter. Sourcerock Group LLC now owns 1,387,222 shares of the company's stock worth $15,565,000 after acquiring an additional 437,010 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Sigma Lithium by 1.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,254,882 shares of the company's stock valued at $14,127,000 after buying an additional 22,828 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Sigma Lithium by 349.0% during the 4th quarter. Point72 Asset Management L.P. now owns 405,274 shares of the company's stock valued at $4,547,000 after buying an additional 315,008 shares in the last quarter. Finally, Frontier Capital Management Co. LLC grew its holdings in Sigma Lithium by 18.9% in the 4th quarter. Frontier Capital Management Co. LLC now owns 307,512 shares of the company's stock worth $3,450,000 after acquiring an additional 48,852 shares during the last quarter. Institutional investors and hedge funds own 64.86% of the company's stock.

Analysts Set New Price Targets

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

Sigma Lithium Stock Performance

Shares of Sigma Lithium stock traded down $0.18 on Monday, hitting $6.26. The stock had a trading volume of 891,158 shares, compared to its average volume of 1,524,790. The business's 50 day moving average is $5.94 and its two-hundred day moving average is $7.31. The company has a quick ratio of 0.39, a current ratio of 0.60 and a debt-to-equity ratio of 1.26. Sigma Lithium Corporation has a twelve month low of $4.25 and a twelve month high of $15.56. The stock has a market cap of $696.24 million, a price-to-earnings ratio of -14.22 and a beta of 0.09.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported ($0.17) earnings per share (EPS) 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 business had revenue of $16.89 million for the quarter, compared to the consensus estimate of $50.44 million. Analysts forecast that Sigma Lithium Corporation will post -0.12 EPS for the current 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.