Thomist Capital Management LP trimmed its stake in Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 75.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 70,000 shares of the company's stock after selling 215,381 shares during the period. Thomist Capital Management LP owned 0.06% of Sigma Lithium worth $773,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Sigma Lithium during the fourth quarter worth approximately $28,050,000. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Sigma Lithium by 203.6% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,183,675 shares of the company's stock valued at $24,501,000 after purchasing an additional 1,464,475 shares in the last quarter. Bamco Inc. NY acquired a new position in shares of Sigma Lithium in the fourth quarter valued at $13,539,000. Invesco Ltd. raised its stake in shares of Sigma Lithium by 171.3% in the fourth quarter. Invesco Ltd. now owns 1,088,992 shares of the company's stock valued at $12,218,000 after purchasing an additional 687,639 shares in the last quarter. Finally, Appian Way Asset Management LP raised its stake in shares of Sigma Lithium by 15.2% in the fourth quarter. Appian Way Asset Management LP now owns 4,712,425 shares of the company's stock valued at $52,873,000 after purchasing an additional 620,024 shares in the last quarter. 64.86% of the stock is owned by institutional investors.
Sigma Lithium Stock Performance
Shares of NASDAQ SGML traded down $0.19 during trading hours on Tuesday, reaching $5.80. The stock had a trading volume of 1,755,471 shares, compared to its average volume of 780,577. The business's fifty day moving average is $8.70 and its two-hundred day moving average is $10.86. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.72. The company has a market cap of $645.42 million, a price-to-earnings ratio of -12.08 and a beta of 0.30. Sigma Lithium Co. has a twelve month low of $5.77 and a twelve month high of $17.98.
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). The firm had revenue of $46.70 million during the quarter, compared to analyst estimates of $71.77 million. Sigma Lithium had a negative net margin of 36.85% and a negative return on equity of 38.04%. As a group, research analysts expect that Sigma Lithium Co. will post -0.12 EPS for the current year.
Sigma Lithium Profile
(
Free Report)
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.
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