Sourcerock Group LLC Boosts Stock Holdings in Sigma Lithium Co. (NASDAQ:SGML)

Sourcerock Group LLC grew its holdings in shares of Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 46.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,387,222 shares of the company's stock after purchasing an additional 437,010 shares during the period. Sigma Lithium makes up about 1.1% of Sourcerock Group LLC's portfolio, making the stock its 19th biggest holding. Sourcerock Group LLC owned about 1.25% of Sigma Lithium worth $15,565,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Handelsbanken Fonder AB purchased a new stake in Sigma Lithium during the 4th quarter worth approximately $160,000. Bank of New York Mellon Corp purchased a new stake in Sigma Lithium during the 4th quarter worth approximately $728,000. U S Global Investors Inc. grew its position 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 worth $112,000 after purchasing an additional 7,000 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its position in Sigma Lithium by 203.6% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,183,675 shares of the company's stock worth $24,501,000 after purchasing an additional 1,464,475 shares during the last quarter. Finally, American Century Companies Inc. purchased a new stake in Sigma Lithium during the 4th quarter worth approximately $408,000. Hedge funds and other institutional investors own 64.86% of the company's stock.

Sigma Lithium Stock Performance

Shares of NASDAQ:SGML traded down $0.04 during trading on Friday, hitting $5.90. The stock had a trading volume of 1,585,745 shares, compared to its average volume of 793,099. Sigma Lithium Co. has a 12-month low of $5.23 and a 12-month high of $17.30. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $656.55 million, a price-to-earnings ratio of -12.29 and a beta of 0.30. The stock has a 50-day simple moving average of $8.33 and a two-hundred day simple moving average of $10.72.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last posted its quarterly earnings results on Monday, March 31st. The company reported ($0.08) EPS for the quarter, missing the consensus estimate 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 analysts' expectations of $71.77 million. On average, equities research analysts expect that Sigma Lithium Co. will post -0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.