Sigma Lithium Co. (NASDAQ:SGML) Shares Sold by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. cut its stake in shares of Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 50.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 121,600 shares of the company's stock after selling 124,900 shares during the period. Polar Asset Management Partners Inc. owned about 0.11% of Sigma Lithium worth $1,364,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in SGML. Norges Bank acquired a new position in Sigma Lithium during the fourth quarter worth $28,050,000. Bank Julius Baer & Co. Ltd Zurich raised its position in Sigma Lithium by 203.6% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,183,675 shares of the company's stock worth $24,501,000 after acquiring an additional 1,464,475 shares during the period. Bamco Inc. NY acquired a new position in Sigma Lithium during the fourth quarter worth $13,539,000. Woodline Partners LP raised its position in Sigma Lithium by 113.5% during the fourth quarter. Woodline Partners LP now owns 1,617,673 shares of the company's stock worth $18,150,000 after acquiring an additional 859,924 shares during the period. Finally, Invesco Ltd. raised its position in Sigma Lithium by 171.3% during the fourth quarter. Invesco Ltd. now owns 1,088,992 shares of the company's stock worth $12,218,000 after acquiring an additional 687,639 shares during the period. 64.86% of the stock is currently owned by institutional investors and hedge funds.

Sigma Lithium Price Performance

Shares of NASDAQ SGML traded down $0.31 during mid-day trading on Friday, reaching $4.70. The company's stock had a trading volume of 2,224,833 shares, compared to its average volume of 806,187. The stock has a 50-day moving average of $7.69 and a two-hundred day moving average of $10.42. The stock has a market capitalization of $523.02 million, a P/E ratio of -9.79 and a beta of 0.30. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.72 and a current ratio of 0.84. Sigma Lithium Co. has a 1-year low of $4.65 and a 1-year high of $15.56.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last issued its 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 net margin of 36.85% and a negative return on equity of 38.04%. The business had revenue of $46.70 million during the quarter, compared to analyst estimates of $71.77 million. On average, equities research analysts anticipate that Sigma Lithium Co. will post -0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.