Fourth Sail Capital LP Has $11.44 Million Holdings in Sigma Lithium Co. (NASDAQ:SGML)

Fourth Sail Capital LP reduced its position in Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 70.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 925,552 shares of the company's stock after selling 2,209,245 shares during the quarter. Sigma Lithium comprises about 2.9% of Fourth Sail Capital LP's portfolio, making the stock its 13th largest position. Fourth Sail Capital LP owned about 0.83% of Sigma Lithium worth $11,440,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. 1832 Asset Management L.P. raised its holdings in Sigma Lithium by 43.3% during the first quarter. 1832 Asset Management L.P. now owns 382,000 shares of the company's stock worth $4,951,000 after buying an additional 115,438 shares during the last quarter. Appian Way Asset Management LP grew its position in shares of Sigma Lithium by 47.2% in the 1st quarter. Appian Way Asset Management LP now owns 2,270,102 shares of the company's stock worth $29,421,000 after buying an additional 728,260 shares during the period. Tidal Investments LLC lifted its stake in shares of Sigma Lithium by 65.9% in the first quarter. Tidal Investments LLC now owns 44,241 shares of the company's stock worth $573,000 after buying an additional 17,566 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Sigma Lithium during the 2nd quarter valued at about $672,000. Finally, Van ECK Associates Corp raised its holdings 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 period. 64.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Sigma Lithium Stock Up 4.4 %

SGML traded up $0.57 during trading hours on Monday, hitting $13.51. 674,025 shares of the company's stock were exchanged, compared to its average volume of 1,015,638. Sigma Lithium Co. has a 12-month low of $8.47 and a 12-month high of $34.31. The firm has a 50 day moving average of $12.87 and a 200 day moving average of $12.79. The firm has a market cap of $1.50 billion, a P/E ratio of -28.15 and a beta of 0.16. The company has a current ratio of 1.05, a quick ratio of 0.96 and a debt-to-equity ratio of 0.02.

Sigma Lithium (NASDAQ:SGML - Get Free Report) last posted its earnings results on Thursday, August 15th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.23). The company had revenue of $45.94 million during the quarter, compared to analysts' expectations of $69.70 million. Sigma Lithium had a net margin of 4.28% and a return on equity of 6.18%. Analysts predict that Sigma Lithium Co. will post 0.05 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.