Bank Julius Baer & Co. Ltd Zurich lifted its position in Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 203.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,183,675 shares of the company's stock after buying an additional 1,464,475 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned approximately 1.96% of Sigma Lithium worth $24,501,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. U S Global Investors Inc. grew its position in Sigma Lithium by 233.3% in the fourth quarter. U S Global Investors Inc. now owns 10,000 shares of the company's stock worth $112,000 after buying an additional 7,000 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Sigma Lithium during the 3rd quarter worth $122,000. Handelsbanken Fonder AB acquired a new position in shares of Sigma Lithium in the 4th quarter worth $160,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Sigma Lithium during the third quarter worth $299,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Sigma Lithium during the fourth quarter valued at $728,000. Institutional investors and hedge funds own 64.86% of the company's stock.
Sigma Lithium Trading Down 0.1 %
Sigma Lithium stock traded down $0.01 during midday trading on Wednesday, reaching $10.65. The stock had a trading volume of 639,263 shares, compared to its average volume of 781,950. Sigma Lithium Co. has a twelve month low of $8.47 and a twelve month high of $19.20. 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 firm has a market cap of $1.19 billion, a price-to-earnings ratio of -22.19 and a beta of 0.21. The firm's fifty day simple moving average is $11.50 and its two-hundred day simple moving average is $12.11.
Wall Street Analyst Weigh In
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.
Check Out Our Latest Research Report on Sigma Lithium
Sigma Lithium Company Profile
(
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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