Bank of America Corp DE Trims Holdings in Sigma Lithium Co. (NASDAQ:SGML)

Bank of America Corp DE reduced its holdings in Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 13.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 544,838 shares of the company's stock after selling 84,896 shares during the period. Bank of America Corp DE owned about 0.49% of Sigma Lithium worth $6,113,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Aquatic Capital Management LLC acquired a new stake in Sigma Lithium in the fourth quarter valued at approximately $27,000. U S Global Investors Inc. grew its holdings in Sigma Lithium by 233.3% in the fourth quarter. U S Global Investors Inc. now owns 10,000 shares of the company's stock valued at $112,000 after purchasing an additional 7,000 shares during the period. Pictet Asset Management Holding SA acquired a new stake in Sigma Lithium in the fourth quarter valued at approximately $142,000. Handelsbanken Fonder AB purchased a new position in shares of Sigma Lithium in the fourth quarter valued at approximately $160,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of Sigma Lithium in the fourth quarter valued at approximately $185,000. 64.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Sigma Lithium Price Performance

Shares of NASDAQ SGML traded down $0.31 during midday trading on Friday, hitting $4.70. The stock had a trading volume of 2,224,833 shares, compared to its average volume of 806,187. The company has a market capitalization of $523.02 million, a PE ratio of -9.79 and a beta of 0.30. The stock has a 50 day simple moving average of $7.69 and a 200-day simple moving average of $10.42. Sigma Lithium Co. has a 1 year low of $4.65 and a 1 year high of $15.56. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.02.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last released its earnings results on Monday, March 31st. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.14). The firm had revenue of $46.70 million during 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%. On average, sell-side analysts expect that Sigma Lithium Co. will post -0.12 EPS for the current fiscal year.

Sigma Lithium Company 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.