Sigma Lithium Co. (NASDAQ:SGML) Shares Sold by Regal Partners Ltd

Regal Partners Ltd lowered its stake in shares of Sigma Lithium Co. (NASDAQ:SGML) by 44.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,385 shares of the company’s stock after selling 18,075 shares during the quarter. Regal Partners Ltd’s holdings in Sigma Lithium were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. National Bank of Canada FI lifted its holdings in shares of Sigma Lithium by 1.1% in the 4th quarter. National Bank of Canada FI now owns 154,496 shares of the company’s stock valued at $4,665,000 after purchasing an additional 1,699 shares during the last quarter. Cowen AND Company LLC acquired a new position in Sigma Lithium during the fourth quarter worth $2,040,000. Norges Bank purchased a new stake in shares of Sigma Lithium in the 4th quarter worth about $17,608,000. 1832 Asset Management L.P. grew its position in shares of Sigma Lithium by 9.4% in the fourth quarter. 1832 Asset Management L.P. now owns 266,562 shares of the company’s stock valued at $8,405,000 after purchasing an additional 22,938 shares during the last quarter. Finally, Bardin Hill Management Partners LP acquired a new position in shares of Sigma Lithium during the 4th quarter worth approximately $1,949,000. 64.86% of the stock is owned by institutional investors and hedge funds.

Sigma Lithium Trading Down 8.0 %

Shares of SGML stock opened at $9.80 on Wednesday. Sigma Lithium Co. has a fifty-two week low of $8.47 and a fifty-two week high of $39.38. The firm’s 50 day moving average price is $11.01 and its two-hundred day moving average price is $13.21. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -75.38 and a beta of 0.17. The company has a quick ratio of 0.96, a current ratio of 1.05 and a debt-to-equity ratio of 0.02.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Bank of America upped their price objective on Sigma Lithium from $25.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, May 20th. BMO Capital Markets cut their price objective on shares of Sigma Lithium from $25.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday, August 19th.

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.