Walleye Capital LLC bought a new position in Sigma Lithium Co. (NASDAQ:SGML - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 42,677 shares of the company's stock, valued at approximately $479,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Sigma Lithium during the 4th quarter worth $28,050,000. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Sigma Lithium by 203.6% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,183,675 shares of the company's stock valued at $24,501,000 after purchasing an additional 1,464,475 shares during the period. Invesco Ltd. increased its position in shares of Sigma Lithium by 171.3% during the fourth quarter. Invesco Ltd. now owns 1,088,992 shares of the company's stock worth $12,218,000 after acquiring an additional 687,639 shares in the last quarter. CenterBook Partners LP acquired a new stake in shares of Sigma Lithium during the fourth quarter worth $1,722,000. Finally, State Street Corp bought a new stake in Sigma Lithium in the 3rd quarter valued at $1,831,000. 64.86% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, Bank of America dropped their price target on Sigma Lithium from $25.00 to $16.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th.
Read Our Latest Stock Report on SGML
Sigma Lithium Stock Down 0.6 %
Shares of SGML stock traded down $0.05 during trading on Tuesday, reaching $8.15. The company's stock had a trading volume of 25,082 shares, compared to its average volume of 760,217. The company has a market cap of $906.93 million, a price-to-earnings ratio of -16.92 and a beta of 0.26. Sigma Lithium Co. has a one year low of $6.76 and a one year high of $19.20. The business has a fifty day moving average price of $10.00 and a 200-day moving average price of $11.58. 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 (NASDAQ:SGML - Get Free Report) last announced its quarterly earnings data 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 net margin of 36.85% and a negative return on equity of 38.04%. The company had revenue of $46.70 million during the quarter, compared to the consensus estimate of $71.77 million. Analysts anticipate that Sigma Lithium Co. will post -0.12 earnings per share for the current year.
About Sigma Lithium
(
Free Report)
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.
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