Polar Asset Management Partners Inc. Lowers Stock Holdings in Sigma Lithium Co. (NASDAQ:SGML)

Polar Asset Management Partners Inc. cut its holdings in shares of Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 50.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 121,600 shares of the company's stock after selling 124,900 shares during the quarter. Polar Asset Management Partners Inc. owned 0.11% of Sigma Lithium worth $1,364,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Aquatic Capital Management LLC bought a new position in shares of Sigma Lithium during the 4th quarter valued at $27,000. U S Global Investors Inc. boosted its holdings 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 valued at $112,000 after acquiring an additional 7,000 shares during the period. Pictet Asset Management Holding SA bought a new position in Sigma Lithium during the 4th quarter worth approximately $142,000. Squarepoint Ops LLC bought a new position in shares of Sigma Lithium in the fourth quarter worth approximately $150,000. Finally, Handelsbanken Fonder AB purchased a new position in shares of Sigma Lithium in the fourth quarter worth $160,000. 64.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Sigma Lithium Trading Down 5.3%

Shares of SGML stock traded down $0.28 during trading hours on Thursday, reaching $5.01. The company's stock had a trading volume of 1,229,132 shares, compared to its average volume of 800,223. The company has a current ratio of 0.84, a quick ratio of 0.72 and a debt-to-equity ratio of 0.02. Sigma Lithium Co. has a one year low of $5.00 and a one year high of $16.77. The stock has a market capitalization of $557.51 million, a P/E ratio of -10.44 and a beta of 0.30. The firm's fifty day simple moving average is $7.96 and its 200 day simple moving average is $10.56.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last announced its quarterly earnings results on Monday, March 31st. The company reported ($0.08) EPS 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 business had revenue of $46.70 million during the quarter, compared to analysts' expectations of $71.77 million. Equities research analysts expect that Sigma Lithium Co. will post -0.12 EPS 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.