Sigma Lithium Co. (NASDAQ:SGML) Shares Purchased by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC boosted its stake in shares of Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 78.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 247,576 shares of the company's stock after acquiring an additional 109,064 shares during the quarter. Lighthouse Investment Partners LLC owned 0.22% of Sigma Lithium worth $2,778,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Appian Way Asset Management LP grew its position in shares of Sigma Lithium by 15.2% during the 4th quarter. Appian Way Asset Management LP now owns 4,712,425 shares of the company's stock valued at $52,873,000 after acquiring an additional 620,024 shares during the period. Norges Bank acquired a new stake in Sigma Lithium in the fourth quarter valued at approximately $28,050,000. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Sigma Lithium by 203.6% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,183,675 shares of the company's stock valued at $24,501,000 after buying an additional 1,464,475 shares in the last quarter. Bamco Inc. NY acquired a new position in shares of Sigma Lithium during the 4th quarter worth approximately $13,539,000. Finally, Invesco Ltd. lifted its position in shares of Sigma Lithium by 171.3% during the 4th quarter. Invesco Ltd. now owns 1,088,992 shares of the company's stock valued at $12,218,000 after buying an additional 687,639 shares in the last quarter. Hedge funds and other institutional investors own 64.86% of the company's stock.

Sigma Lithium Price Performance

Shares of NASDAQ SGML traded down $0.33 during trading on Friday, hitting $6.58. The company had a trading volume of 3,333,005 shares, compared to its average volume of 782,061. The firm has a market capitalization of $732.22 million, a price-to-earnings ratio of -13.71 and a beta of 0.30. The stock has a fifty day simple moving average of $8.89 and a two-hundred day simple moving average of $10.99. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. Sigma Lithium Co. has a fifty-two week low of $6.48 and a fifty-two week high of $19.20.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last issued its quarterly earnings results on Monday, March 31st. The company reported ($0.08) earnings per share (EPS) 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, 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.