Legal & General Group Plc Has $12.12 Million Holdings in Sigma Lithium Co. (NASDAQ:SGML)

Legal & General Group Plc decreased its stake in shares of Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,080,171 shares of the company's stock after selling 114,398 shares during the period. Legal & General Group Plc owned approximately 0.97% of Sigma Lithium worth $12,118,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alliancebernstein L.P. increased its stake in shares of Sigma Lithium by 10.9% during the fourth quarter. Alliancebernstein L.P. now owns 17,390 shares of the company's stock valued at $195,000 after acquiring an additional 1,710 shares during the period. U S Global Investors Inc. boosted its stake 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 purchasing an additional 7,000 shares in the last quarter. Geode Capital Management LLC boosted its stake in Sigma Lithium by 8.4% during the 3rd quarter. Geode Capital Management LLC now owns 117,125 shares of the company's stock valued at $1,448,000 after purchasing an additional 9,049 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Sigma Lithium during the 3rd quarter valued at $122,000. Finally, Pictet Asset Management Holding SA bought a new stake in shares of Sigma Lithium in the 4th quarter worth $142,000. 64.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Sigma Lithium Price Performance

SGML stock traded up $0.67 on Tuesday, hitting $7.67. 1,283,531 shares of the company's stock traded hands, compared to its average volume of 760,847. The stock has a market cap of $853.51 million, a price-to-earnings ratio of -15.98 and a beta of 0.26. Sigma Lithium Co. has a 1-year low of $6.76 and a 1-year high of $19.20. 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 fifty day moving average of $10.25 and a 200-day moving average of $11.74.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last announced its quarterly earnings data on Monday, March 31st. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.14). The company had revenue of $46.70 million for the quarter, compared to analyst estimates of $71.77 million. Sigma Lithium had a negative net margin of 36.85% and a negative return on equity of 38.04%. On average, analysts forecast that Sigma Lithium Co. will post -0.12 EPS for the current fiscal 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.