Invesco Ltd. Purchases 687,639 Shares of Sigma Lithium Co. (NASDAQ:SGML)

Invesco Ltd. increased its stake in shares of Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 171.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,088,992 shares of the company's stock after buying an additional 687,639 shares during the period. Invesco Ltd. owned 0.98% of Sigma Lithium worth $12,218,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SGML. State Street Corp acquired a new stake in Sigma Lithium during the 3rd quarter worth $1,831,000. Geode Capital Management LLC lifted its stake in Sigma Lithium by 8.4% in the third quarter. Geode Capital Management LLC now owns 117,125 shares of the company's stock valued at $1,448,000 after buying an additional 9,049 shares in the last quarter. Tidal Investments LLC raised its stake in shares of 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 during the period. Handelsbanken Fonder AB acquired a new position in shares of Sigma Lithium during the fourth quarter worth about $160,000. Finally, Bank of New York Mellon Corp acquired a new position in Sigma Lithium during the 4th quarter worth approximately $728,000. 64.86% of the stock is currently owned by institutional investors and hedge funds.

Sigma Lithium Stock Performance

NASDAQ:SGML traded down $0.02 on Friday, hitting $8.24. The company's stock had a trading volume of 488,220 shares, compared to its average volume of 763,620. 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 $10.07 and a two-hundred day moving average of $11.65. Sigma Lithium Co. has a one year low of $6.76 and a one year high of $19.20. The firm has a market capitalization of $916.95 million, a P/E ratio of -17.17 and a beta of 0.26.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last posted its earnings results on Monday, March 31st. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.14). The firm had revenue of $46.70 million during 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%. Research analysts predict that Sigma Lithium Co. will post -0.12 earnings per share for the current year.

Analysts Set New Price Targets

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

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.