Frontier Capital Management Co. LLC Purchases 48,852 Shares of Sigma Lithium Co. (NASDAQ:SGML)

Frontier Capital Management Co. LLC grew its holdings in shares of Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 18.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 307,512 shares of the company's stock after purchasing an additional 48,852 shares during the quarter. Frontier Capital Management Co. LLC owned approximately 0.28% of Sigma Lithium worth $3,450,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Aquatic Capital Management LLC purchased a new stake in Sigma Lithium during the fourth quarter valued at approximately $27,000. U S Global Investors Inc. increased 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 worth $112,000 after purchasing an additional 7,000 shares in the last quarter. Pictet Asset Management Holding SA bought a new position in Sigma Lithium in the 4th quarter worth $142,000. Handelsbanken Fonder AB bought a new position in Sigma Lithium in the 4th quarter worth $160,000. Finally, BNP Paribas Financial Markets purchased a new position in Sigma Lithium during the fourth quarter valued at $185,000. Institutional investors own 64.86% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Bank of America decreased their price objective on Sigma Lithium from $25.00 to $16.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th.

Sigma Lithium Stock Performance

Shares of NASDAQ SGML opened at $7.25 on Friday. 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 Co. has a 1 year low of $6.76 and a 1 year high of $19.20. The firm has a fifty day moving average price of $9.32 and a 200-day moving average price of $11.24. The stock has a market cap of $806.78 million, a PE ratio of -15.10 and a beta of 0.30.

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 analysts' consensus estimates of $0.06 by ($0.14). The business had revenue of $46.70 million for 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%. Equities analysts anticipate that Sigma Lithium Co. will post -0.12 earnings per share for the current fiscal year.

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.

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