JPMorgan Chase & Co. Has $371,000 Position in Sigma Lithium Co. (NASDAQ:SGML)

JPMorgan Chase & Co. grew its position in shares of Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 13,614.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund 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.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SGML. U S Global Investors Inc. grew its holdings in Sigma Lithium by 233.3% during the 4th 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 during the last quarter. Geode Capital Management LLC raised its holdings in shares of Sigma Lithium by 8.4% in the 3rd quarter. Geode Capital Management LLC now owns 117,125 shares of the company's stock worth $1,448,000 after purchasing an additional 9,049 shares during the period. Handelsbanken Fonder AB purchased a new stake in Sigma Lithium during the fourth quarter worth approximately $160,000. Tidal Investments LLC increased its holdings in Sigma Lithium by 43.4% in the 3rd quarter. Tidal Investments LLC now owns 63,422 shares of the company's stock valued at $784,000 after purchasing an additional 19,193 shares in the last quarter. Finally, American Century Companies Inc. purchased a new position in Sigma Lithium in the 4th quarter worth approximately $408,000. Hedge funds and other institutional investors own 64.86% of the company's stock.

Wall Street Analyst Weigh In

Separately, Bank of America reduced 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 Price Performance

Shares of SGML stock traded down $0.32 during mid-day trading on Wednesday, hitting $7.03. 1,388,144 shares of the stock traded hands, compared to its average volume of 759,126. The company's 50-day simple moving average is $9.48 and its 200-day simple moving average is $11.33. Sigma Lithium Co. has a twelve month low of $6.76 and a twelve month high of $19.20. The firm has a market cap of $782.30 million, a price-to-earnings ratio of -14.65 and a beta of 0.30. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.72 and a current ratio of 0.84.

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). Sigma Lithium had a negative net margin of 36.85% and a negative return on equity of 38.04%. The business had revenue of $46.70 million during the quarter, compared to analyst estimates of $71.77 million. As a group, equities research analysts expect that Sigma Lithium Co. will post -0.12 earnings per share for the current year.

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.