Credit Industriel ET Commercial Acquires Shares of 90,000 Sigma Lithium Co. (NASDAQ:SGML)

Credit Industriel ET Commercial acquired a new position in shares of Sigma Lithium Co. (NASDAQ:SGML - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 90,000 shares of the company's stock, valued at approximately $1,010,000. Credit Industriel ET Commercial owned about 0.08% of Sigma Lithium at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. U S Global Investors Inc. raised its stake in Sigma Lithium by 233.3% during the 4th 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 period. Pictet Asset Management Holding SA bought a new position in shares of Sigma Lithium during the 4th quarter valued at about $142,000. Handelsbanken Fonder AB acquired a new position in shares of Sigma Lithium in the 4th quarter valued at approximately $160,000. Alliancebernstein L.P. increased its stake in Sigma Lithium by 10.9% during the 4th quarter. Alliancebernstein L.P. now owns 17,390 shares of the company's stock worth $195,000 after purchasing an additional 1,710 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Sigma Lithium during the 4th quarter worth approximately $233,000. Institutional investors own 64.86% of the company's stock.

Analysts Set New Price Targets

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

Sigma Lithium Stock Performance

Shares of SGML opened at $7.90 on Thursday. The stock has a market capitalization of $879.10 million, a price-to-earnings ratio of -16.46 and a beta of 0.26. Sigma Lithium Co. has a 12 month low of $6.76 and a 12 month high of $19.20. The firm has a fifty day simple moving average of $10.18 and a 200 day simple moving average of $11.72. 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 (NASDAQ:SGML - Get Free Report) last announced its quarterly earnings data on Monday, March 31st. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.14). Sigma Lithium had a negative net margin of 36.85% and a negative return on equity of 38.04%. The company had revenue of $46.70 million during the quarter, compared to the consensus estimate of $71.77 million. Research analysts forecast that Sigma Lithium Co. will post -0.12 EPS for the current fiscal 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.

Want to see what other hedge funds are holding SGML? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sigma Lithium Co. (NASDAQ:SGML - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.