Sigma Lithium Co. (NASDAQ:SGML) Stock Position Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 13,614.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,053 shares of the company's stock after purchasing an additional 32,812 shares during the quarter. JPMorgan Chase & Co.'s holdings in Sigma Lithium were worth $371,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of SGML. U S Global Investors Inc. raised its stake in Sigma Lithium by 233.3% during the fourth quarter. U S Global Investors Inc. now owns 10,000 shares of the company's stock valued at $112,000 after buying an additional 7,000 shares in the last quarter. Handelsbanken Fonder AB bought a new position in Sigma Lithium during the fourth quarter worth $160,000. American Century Companies Inc. acquired a new position in Sigma Lithium in the fourth quarter worth $408,000. Bank of New York Mellon Corp bought a new stake in Sigma Lithium during the fourth quarter valued at $728,000. Finally, Tidal Investments LLC raised its holdings in shares of Sigma Lithium by 43.4% during the third quarter. Tidal Investments LLC now owns 63,422 shares of the company's stock worth $784,000 after purchasing an additional 19,193 shares during the period. Institutional investors own 64.86% of the company's stock.

Sigma Lithium Stock Performance

SGML traded up $0.14 during trading on Friday, reaching $8.29. 588,962 shares of the company were exchanged, compared to its average volume of 759,648. 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 market cap of $922.51 million, a P/E ratio of -17.27 and a beta of 0.26. Sigma Lithium Co. has a 52 week low of $6.76 and a 52 week high of $19.20. The firm has a 50 day moving average of $9.73 and a 200 day moving average of $11.45.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last released its quarterly earnings data 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). Sigma Lithium had a negative return on equity of 38.04% and a negative net margin of 36.85%. The firm had revenue of $46.70 million during the quarter, compared to analyst estimates of $71.77 million. On average, sell-side analysts forecast that Sigma Lithium Co. will post -0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Bank of America dropped their price objective on shares of 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 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.