153,452 Shares in Sigma Lithium Co. (NASDAQ:SGML) Acquired by CenterBook Partners LP

CenterBook Partners LP acquired a new position in shares of Sigma Lithium Co. (NASDAQ:SGML - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 153,452 shares of the company's stock, valued at approximately $1,722,000. CenterBook Partners LP owned about 0.14% of Sigma Lithium at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. U S Global Investors Inc. lifted its stake in shares of Sigma Lithium by 233.3% in the fourth quarter. U S Global Investors Inc. now owns 10,000 shares of the company's stock valued at $112,000 after purchasing an additional 7,000 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Sigma Lithium during the 3rd quarter valued at approximately $122,000. Pictet Asset Management Holding SA purchased a new stake in shares of Sigma Lithium during the 4th quarter worth approximately $142,000. Handelsbanken Fonder AB acquired a new stake in shares of Sigma Lithium in the 4th quarter worth approximately $160,000. Finally, Alliancebernstein L.P. raised its holdings in Sigma Lithium by 10.9% during the fourth quarter. Alliancebernstein L.P. now owns 17,390 shares of the company's stock worth $195,000 after purchasing an additional 1,710 shares during the last quarter. Institutional investors and hedge funds own 64.86% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Bank of America lowered their price target on shares of Sigma Lithium from $25.00 to $16.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th.

Remove Ads

Sigma Lithium Price Performance

Sigma Lithium stock traded down $0.06 during midday trading on Wednesday, reaching $7.97. 325,979 shares of the company were exchanged, compared to its average volume of 753,640. The company has a market capitalization of $886.89 million, a price-to-earnings ratio of -16.60 and a beta of 0.26. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.72 and a current ratio of 0.84. The firm's 50-day simple moving average is $10.63 and its 200-day simple moving average is $11.94. Sigma Lithium Co. has a 1 year low of $7.05 and a 1 year high of $19.20.

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

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.