Decade Renewable Partners LP Increases Holdings in Sigma Lithium Co. (NASDAQ:SGML)

Decade Renewable Partners LP grew its holdings in Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 10.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 861,861 shares of the company's stock after buying an additional 80,565 shares during the quarter. Sigma Lithium makes up about 4.7% of Decade Renewable Partners LP's investment portfolio, making the stock its 7th largest holding. Decade Renewable Partners LP owned approximately 0.77% of Sigma Lithium worth $9,670,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Aquatic Capital Management LLC bought a new position in Sigma Lithium in the 4th quarter worth $27,000. U S Global Investors Inc. grew its stake in Sigma Lithium by 233.3% in the fourth quarter. U S Global Investors Inc. now owns 10,000 shares of the company's stock worth $112,000 after purchasing an additional 7,000 shares during the period. Pictet Asset Management Holding SA bought a new position in Sigma Lithium in the fourth quarter worth $142,000. Handelsbanken Fonder AB purchased a new position in Sigma Lithium during the fourth quarter valued at $160,000. Finally, Alliancebernstein L.P. boosted its holdings in shares of Sigma Lithium by 10.9% during the 4th quarter. Alliancebernstein L.P. now owns 17,390 shares of the company's stock valued at $195,000 after buying an additional 1,710 shares in the last quarter. Hedge funds and other institutional investors own 64.86% of the company's stock.

Analyst Ratings Changes

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 Stock Up 1.7 %

Shares of NASDAQ SGML traded up $0.14 during trading on Friday, reaching $8.29. The company had a trading volume of 588,962 shares, compared to its average volume of 760,181. The business's 50-day moving average is $9.73 and its 200 day moving average is $11.46. 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 market cap of $922.51 million, a PE ratio of -17.27 and a beta of 0.26. Sigma Lithium Co. has a 12-month low of $6.76 and a 12-month high of $19.20.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last posted its quarterly earnings results on Monday, March 31st. The company reported ($0.08) EPS 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 firm had revenue of $46.70 million for the quarter, compared to analysts' expectations of $71.77 million. As a group, equities analysts forecast that Sigma Lithium Co. will post -0.12 earnings per share 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.