Woodline Partners LP Buys 859,924 Shares of Sigma Lithium Co. (NASDAQ:SGML)

Woodline Partners LP lifted its position in Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 113.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,617,673 shares of the company's stock after purchasing an additional 859,924 shares during the period. Woodline Partners LP owned about 1.45% of Sigma Lithium worth $18,150,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich grew its holdings 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 worth $24,501,000 after purchasing an additional 1,464,475 shares during the last quarter. Norges Bank bought a new position in shares of Sigma Lithium in the fourth quarter worth approximately $28,050,000. Lighthouse Investment Partners LLC grew its holdings in shares of Sigma Lithium by 78.7% in the fourth quarter. Lighthouse Investment Partners LLC now owns 247,576 shares of the company's stock worth $2,778,000 after purchasing an additional 109,064 shares during the last quarter. Sourcerock Group LLC grew its holdings in shares of Sigma Lithium by 46.0% in the fourth quarter. Sourcerock Group LLC now owns 1,387,222 shares of the company's stock worth $15,565,000 after purchasing an additional 437,010 shares during the last quarter. Finally, American Century Companies Inc. bought a new position in shares of Sigma Lithium in the fourth quarter worth approximately $408,000. Institutional investors own 64.86% of the company's stock.

Analyst Upgrades and Downgrades

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

Sigma Lithium Trading Down 5.1%

Shares of Sigma Lithium stock traded down $0.30 on Tuesday, hitting $5.60. The stock had a trading volume of 545,082 shares, compared to its average volume of 793,935. The stock has a market cap of $623.28 million, a price-to-earnings ratio of -11.67 and a beta of 0.30. The stock's 50-day simple moving average is $8.21 and its two-hundred day simple moving average is $10.64. Sigma Lithium Co. has a one year low of $5.23 and a one year 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.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last released its quarterly 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 company had revenue of $46.70 million during the quarter, compared to the consensus estimate 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, sell-side analysts predict that Sigma Lithium Co. will post -0.12 EPS for the current year.

About Sigma Lithium

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.