Sigma Lithium Co. (NASDAQ:SGML) Shares Acquired by Woodline Partners LP

Woodline Partners LP raised its holdings in shares of Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 113.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,617,673 shares of the company's stock after acquiring an additional 859,924 shares during the quarter. Woodline Partners LP owned approximately 1.45% of Sigma Lithium worth $18,150,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sourcerock Group LLC increased its holdings in Sigma Lithium by 46.0% during the 4th quarter. Sourcerock Group LLC now owns 1,387,222 shares of the company's stock valued at $15,565,000 after acquiring an additional 437,010 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Sigma Lithium during the 4th quarter valued at about $150,000. Point72 Asset Management L.P. increased its holdings in Sigma Lithium by 349.0% during the 4th quarter. Point72 Asset Management L.P. now owns 405,274 shares of the company's stock valued at $4,547,000 after acquiring an additional 315,008 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Sigma Lithium by 1.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,254,882 shares of the company's stock valued at $14,127,000 after acquiring an additional 22,828 shares in the last quarter. Finally, Lighthouse Investment Partners LLC increased its holdings in Sigma Lithium by 78.7% during the 4th quarter. Lighthouse Investment Partners LLC now owns 247,576 shares of the company's stock valued at $2,778,000 after acquiring an additional 109,064 shares in the last quarter. 64.86% of the stock is currently owned by hedge funds and other institutional investors.

Sigma Lithium Trading Down 0.7%

Shares of NASDAQ SGML traded down $0.04 during midday trading on Friday, reaching $5.90. 1,585,745 shares of the stock were exchanged, compared to its average volume of 794,764. The company has a market capitalization of $656.55 million, a P/E ratio of -12.29 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 company has a current ratio of 0.84, a quick ratio of 0.72 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average price of $8.33 and a 200-day moving average price of $10.70.

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

Wall Street Analyst Weigh In

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

Sigma Lithium 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.