Polar Asset Management Partners Inc. Cuts Position in Sigma Lithium Co. (NASDAQ:SGML)

Polar Asset Management Partners Inc. reduced its position in Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 50.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 121,600 shares of the company's stock after selling 124,900 shares during the quarter. Polar Asset Management Partners Inc. owned about 0.11% of Sigma Lithium worth $1,364,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Sigma Lithium by 1.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,254,882 shares of the company's stock valued at $14,127,000 after acquiring an additional 22,828 shares during the period. Lighthouse Investment Partners LLC boosted its holdings in shares of Sigma Lithium by 78.7% in the fourth quarter. Lighthouse Investment Partners LLC now owns 247,576 shares of the company's stock valued at $2,778,000 after acquiring an additional 109,064 shares during the period. Interval Partners LP acquired a new stake in shares of Sigma Lithium in the fourth quarter valued at approximately $279,000. Janus Henderson Group PLC acquired a new stake in shares of Sigma Lithium during the fourth quarter worth $3,337,000. Finally, Frontier Capital Management Co. LLC lifted its holdings in shares of Sigma Lithium by 18.9% during the fourth quarter. Frontier Capital Management Co. LLC now owns 307,512 shares of the company's stock worth $3,450,000 after purchasing an additional 48,852 shares during the period. 64.86% of the stock is owned by institutional investors and hedge funds.

Sigma Lithium Stock Performance

Shares of NASDAQ SGML traded down $0.19 during mid-day trading on Tuesday, hitting $5.80. 1,755,471 shares of the company were exchanged, compared to its average volume of 780,577. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. The stock has a 50 day simple moving average of $8.70 and a 200-day simple moving average of $10.86. Sigma Lithium Co. has a 1-year low of $5.78 and a 1-year high of $17.98. The firm has a market cap of $645.42 million, a price-to-earnings ratio of -12.08 and a beta of 0.30.

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 for the quarter, missing the consensus estimate 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 company had revenue of $46.70 million for 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.

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.