Maven Securities LTD lowered its holdings in Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 61.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 252,500 shares of the company's stock after selling 405,553 shares during the quarter. Maven Securities LTD owned 0.23% of Sigma Lithium worth $3,121,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in SGML. SG Americas Securities LLC acquired a new position in Sigma Lithium in the second quarter valued at approximately $672,000. Perpetual Ltd bought a new stake in shares of Sigma Lithium during the third quarter worth $2,096,000. Fourth Sail Capital LP grew its position in Sigma Lithium by 1,572.2% in the second quarter. Fourth Sail Capital LP now owns 3,134,797 shares of the company's stock valued at $37,712,000 after purchasing an additional 2,947,331 shares in the last quarter. Millennium Management LLC grew its position in Sigma Lithium by 16.9% in the second quarter. Millennium Management LLC now owns 1,243,579 shares of the company's stock valued at $14,960,000 after purchasing an additional 179,355 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in Sigma Lithium by 13.6% in the second quarter. Van ECK Associates Corp now owns 1,201,612 shares of the company's stock valued at $14,455,000 after purchasing an additional 143,696 shares in the last quarter. Institutional investors own 64.86% of the company's stock.
Sigma Lithium Stock Performance
Shares of NASDAQ SGML traded down $0.51 during mid-day trading on Wednesday, reaching $12.66. 827,038 shares of the company were exchanged, compared to its average volume of 1,001,153. The company's 50-day simple moving average is $13.60 and its 200-day simple moving average is $12.52. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $1.41 billion, a P/E ratio of -27.44 and a beta of 0.15. Sigma Lithium Co. has a twelve month low of $8.47 and a twelve month high of $34.31.
Analyst Ratings Changes
Separately, BMO Capital Markets decreased their price objective on shares of Sigma Lithium from $25.00 to $20.00 and set an "outperform" rating for the company in a research report on Monday, August 19th.
Read Our Latest Stock Analysis on SGML
About Sigma Lithium
(
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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