Pictet Asset Management Holding SA Has $1.32 Million Holdings in Sigma Lithium Corporation $SGML

Key Points

• Pictet Asset Management cut its stake in Sigma Lithium by 48.4% in Q4, selling 93,872 shares and retaining 100,068 shares worth about $1.32 million (≈0.09% of the company).
• Sigma Lithium missed quarterly expectations, reporting ($0.22) EPS vs. ($0.12) expected and $16.9M revenue vs. $52.2M expected, with a negative net margin of 45.64% and return on equity of -59.34%.
• The shares trade with a market cap of $2.51B and a 1‑year range of $4.25–$23.46; analyst coverage is mixed with a consensus rating of "Hold" and a $18.50 consensus price target, while institutional investors own about 64.9% of the stock.

Pictet Asset Management Holding SA cut its holdings in shares of Sigma Lithium Corporation (NASDAQ:SGML - Free Report) by 48.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 100,068 shares of the company's stock after selling 93,872 shares during the period. Pictet Asset Management Holding SA owned approximately 0.09% of Sigma Lithium worth $1,320,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC bought a new stake in shares of Sigma Lithium in the fourth quarter worth about $51,000. GF Fund Management CO. LTD. acquired a new position in shares of Sigma Lithium in the 4th quarter valued at approximately $57,000. BTG Pactual Asset Management US LLC acquired a new position in shares of Sigma Lithium in the 3rd quarter valued at approximately $71,000. Quantbot Technologies LP bought a new stake in Sigma Lithium during the 3rd quarter worth approximately $82,000. Finally, Nebula Research & Development LLC acquired a new stake in Sigma Lithium during the 2nd quarter worth approximately $87,000. 64.86% of the stock is owned by institutional investors and hedge funds.

Sigma Lithium Price Performance

NASDAQ:SGML opened at $22.53 on Wednesday. The stock has a market capitalization of $2.51 billion, a PE ratio of -50.07 and a beta of 0.64. Sigma Lithium Corporation has a 1-year low of $4.25 and a 1-year high of $23.46. The firm has a fifty day simple moving average of $14.89 and a 200 day simple moving average of $12.22. The company has a current ratio of 0.25, a quick ratio of 0.14 and a debt-to-equity ratio of 0.26.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last announced its quarterly earnings results on Monday, March 30th. The company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.10). The firm had revenue of $16.90 million during the quarter, compared to analyst estimates of $52.20 million. Sigma Lithium had a negative net margin of 45.64% and a negative return on equity of 59.34%. On average, research analysts expect that Sigma Lithium Corporation will post 0.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SGML has been the topic of a number of research reports. Canaccord Genuity Group raised shares of Sigma Lithium from a "hold" rating to a "buy" rating in a research note on Friday, January 23rd. Citigroup lowered shares of Sigma Lithium from an "overweight" rating to an "underperform" rating in a report on Thursday, January 8th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Sigma Lithium in a research report on Friday, March 27th. Wall Street Zen raised shares of Sigma Lithium from a "sell" rating to a "hold" rating in a research note on Saturday, April 4th. Finally, Bank of America raised Sigma Lithium from a "neutral" rating to a "buy" rating and lifted their price target for the company from $14.00 to $17.00 in a research note on Thursday, April 2nd. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $18.50.

Sigma Lithium Company Profile

Sigma Lithium Corp. is a Canada-based mineral exploration and development company focused on the sustainable production of battery-grade lithium from hard rock deposits. The company’s flagship asset is the Grota do Cirilo lithium project, located in the state of Minas Gerais, Brazil. Grota do Cirilo comprises a fully permitted, low-altitude spodumene mine and processing plant designed to produce high-purity lithium concentrate and downstream lithium hydroxide for the global electric vehicle and energy storage markets.

Since its founding in 2018, Sigma Lithium has pursued a vertically integrated approach, overseeing each stage of production from ore extraction and beneficiation to chemical conversion.

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