Sigma Lithium Co. (NASDAQ:SGML) Shares Purchased by 1832 Asset Management L.P.

1832 Asset Management L.P. lifted its stake in Sigma Lithium Co. (NASDAQ:SGML) by 43.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 382,000 shares of the company’s stock after acquiring an additional 115,438 shares during the period. 1832 Asset Management L.P. owned 0.35% of Sigma Lithium worth $4,951,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SGML. Electron Capital Partners LLC bought a new stake in Sigma Lithium during the fourth quarter worth approximately $69,703,000. Norges Bank acquired a new position in Sigma Lithium during the fourth quarter valued at $17,608,000. Frontier Capital Management Co. LLC raised its position in Sigma Lithium by 26.0% during the fourth quarter. Frontier Capital Management Co. LLC now owns 2,258,218 shares of the company’s stock valued at $71,202,000 after buying an additional 466,688 shares during the period. Van ECK Associates Corp raised its position in Sigma Lithium by 47.0% during the first quarter. Van ECK Associates Corp now owns 1,057,916 shares of the company’s stock valued at $13,711,000 after buying an additional 338,380 shares during the period. Finally, Fourth Sail Capital LP acquired a new position in Sigma Lithium during the first quarter valued at $2,430,000. 64.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Bank of America boosted their target price on Sigma Lithium from $25.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, May 20th.

Sigma Lithium Stock Up 1.0 %

NASDAQ SGML traded up $0.12 on Friday, reaching $11.62. The stock had a trading volume of 503,974 shares, compared to its average volume of 598,349. The business has a 50 day moving average price of $13.35 and a 200 day moving average price of $15.27. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 0.02. Sigma Lithium Co. has a 1 year low of $10.46 and a 1 year high of $40.26. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of -89.38 and a beta of 0.18.

Sigma Lithium (NASDAQ:SGML) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.07). The firm had revenue of $37.39 million during the quarter, compared to the consensus estimate of $57.79 million. On average, analysts forecast that Sigma Lithium Co. will post 0.41 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.