Thomist Capital Management LP Sells 215,381 Shares of Sigma Lithium Co. (NASDAQ:SGML)

Thomist Capital Management LP lessened its holdings in shares of Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 75.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 70,000 shares of the company's stock after selling 215,381 shares during the quarter. Thomist Capital Management LP owned 0.06% of Sigma Lithium worth $773,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aquatic Capital Management LLC acquired a new stake in shares of Sigma Lithium during the fourth quarter worth $27,000. U S Global Investors Inc. raised its stake in shares of Sigma Lithium by 233.3% in the 4th 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 bought a new stake in shares of Sigma Lithium in the fourth quarter valued at about $142,000. Handelsbanken Fonder AB bought a new stake in shares of Sigma Lithium in the fourth quarter valued at about $160,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of Sigma Lithium during the fourth quarter worth about $185,000. 64.86% of the stock is currently owned by institutional investors.

Sigma Lithium Stock Down 0.2%

SGML stock traded down $0.01 during mid-day trading on Friday, reaching $5.93. The company had a trading volume of 651,820 shares, compared to its average volume of 792,925. The company has a market capitalization of $659.78 million, a price-to-earnings ratio of -12.35 and a beta of 0.30. Sigma Lithium Co. has a 52 week low of $5.23 and a 52 week high of $17.30. The stock has a 50 day simple moving average of $8.46 and a two-hundred day simple moving average of $10.77. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.72.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last issued its earnings results on Monday, March 31st. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.14). The firm had revenue of $46.70 million for the quarter, compared to analyst estimates of $71.77 million. Sigma Lithium had a negative return on equity of 38.04% and a negative net margin of 36.85%. As a group, equities analysts predict that Sigma Lithium Co. will post -0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Sigma Lithium from a "sell" rating to a "hold" rating in a research report 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.