Perpetual Ltd Sells 139,430 Shares of Sigma Lithium Co. (NASDAQ:SGML)

Perpetual Ltd cut its position in shares of Sigma Lithium Co. (NASDAQ:SGML) by 82.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,160 shares of the company’s stock after selling 139,430 shares during the period. Perpetual Ltd’s holdings in Sigma Lithium were worth $338,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Point72 DIFC Ltd acquired a new stake in Sigma Lithium during the second quarter worth $48,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Sigma Lithium during the 2nd quarter valued at about $107,000. Public Employees Retirement System of Ohio bought a new stake in Sigma Lithium in the third quarter valued at about $122,000. Y Intercept Hong Kong Ltd bought a new stake in Sigma Lithium in the third quarter valued at about $299,000. Finally, Tidal Investments LLC raised its position in Sigma Lithium by 43.4% in the third quarter. Tidal Investments LLC now owns 63,422 shares of the company’s stock worth $784,000 after purchasing an additional 19,193 shares in the last quarter. 64.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Bank of America lowered their price objective 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.

Sigma Lithium Stock Down 3.0 %

Shares of NASDAQ SGML opened at $11.04 on Friday. The stock has a market cap of $1.23 billion, a PE ratio of -23.00 and a beta of 0.23. The business has a fifty day moving average of $12.35 and a two-hundred day moving average of $12.00. Sigma Lithium Co. has a 52-week low of $8.47 and a 52-week high of $24.16. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.72 and a current ratio of 0.84.

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.