Bridgewater Associates LP Purchases Shares of 370,865 Sigma Lithium Co. (NASDAQ:SGML)

Bridgewater Associates LP purchased a new stake in shares of Sigma Lithium Co. (NASDAQ:SGML - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 370,865 shares of the company's stock, valued at approximately $4,584,000. Bridgewater Associates LP owned about 0.33% of Sigma Lithium at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC bought a new position in Sigma Lithium during the second quarter valued at approximately $672,000. Perpetual Ltd bought a new position in Sigma Lithium during the third quarter valued at approximately $2,096,000. Fourth Sail Capital LP grew its position in Sigma Lithium by 1,572.2% during the second quarter. Fourth Sail Capital LP now owns 3,134,797 shares of the company's stock valued at $37,712,000 after acquiring an additional 2,947,331 shares during the last quarter. Millennium Management LLC grew its position in Sigma Lithium by 16.9% during the second quarter. Millennium Management LLC now owns 1,243,579 shares of the company's stock valued at $14,960,000 after acquiring an additional 179,355 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in Sigma Lithium by 13.6% during the second quarter. Van ECK Associates Corp now owns 1,201,612 shares of the company's stock valued at $14,455,000 after acquiring an additional 143,696 shares during the last quarter. 64.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets dropped their price objective on Sigma Lithium from $25.00 to $20.00 and set an "outperform" rating for the company in a research note on Monday, August 19th.

Sigma Lithium Trading Down 0.9 %

Shares of NASDAQ:SGML traded down $0.13 during trading on Friday, reaching $13.76. 498,258 shares of the company traded hands, compared to its average volume of 1,004,592. The business's fifty day moving average is $13.55 and its 200-day moving average is $12.62. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of -28.67 and a beta of 0.16. Sigma Lithium Co. has a 52-week low of $8.47 and a 52-week high of $34.31. The company has a current ratio of 0.84, a quick ratio of 0.72 and a debt-to-equity ratio of 0.02.

Sigma Lithium 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.