American Century Companies Inc. Buys New Holdings in Sigma Lithium Co. (NASDAQ:SGML)

American Century Companies Inc. purchased a new stake in Sigma Lithium Co. (NASDAQ:SGML - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 36,342 shares of the company's stock, valued at approximately $408,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bank Julius Baer & Co. Ltd Zurich grew its stake 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 buying an additional 1,464,475 shares during the period. State Street Corp acquired a new position in Sigma Lithium in the third quarter valued at approximately $1,831,000. Bank of New York Mellon Corp acquired a new stake in Sigma Lithium during the fourth quarter worth $728,000. Y Intercept Hong Kong Ltd acquired a new stake in Sigma Lithium during the third quarter worth $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 valued at $784,000 after purchasing an additional 19,193 shares during the period. Hedge funds and other institutional investors own 64.86% of the company's stock.

Wall Street Analyst Weigh In

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

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Sigma Lithium Trading Down 4.3 %

Shares of SGML stock traded down $0.36 during trading hours on Tuesday, hitting $8.03. The company had a trading volume of 800,873 shares, compared to its average volume of 755,681. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.72. The stock has a market capitalization of $893.57 million, a PE ratio of -16.73 and a beta of 0.26. The company's fifty day moving average is $10.70 and its 200 day moving average is $11.97. Sigma Lithium Co. has a fifty-two week low of $7.05 and a fifty-two week high of $19.20.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last released its quarterly earnings results on Monday, March 31st. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.14). The firm had revenue of $46.70 million for the quarter, compared to analyst estimates of $71.77 million. Sigma Lithium had a negative return on equity of 38.04% and a negative net margin of 36.85%. Research analysts expect that Sigma Lithium Co. will post -0.12 earnings per share 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.