Perpetual Ltd reduced its stake in shares of Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 82.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,160 shares of the company's stock after selling 139,430 shares during the quarter. Perpetual Ltd's holdings in Sigma Lithium were worth $338,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new stake in shares of Sigma Lithium during the 2nd quarter worth $48,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Sigma Lithium in the second quarter valued at about $107,000. Public Employees Retirement System of Ohio purchased a new stake in Sigma Lithium in the third quarter valued at about $122,000. Y Intercept Hong Kong Ltd purchased a new stake in Sigma Lithium in the third quarter valued at about $299,000. Finally, Tidal Investments LLC raised its stake in Sigma Lithium by 43.4% in the third quarter. Tidal Investments LLC now owns 63,422 shares of the company's stock valued at $784,000 after buying an additional 19,193 shares during the last quarter. 64.86% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, Bank of America decreased their price target on Sigma Lithium from $25.00 to $16.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th.
Get Our Latest Stock Report on SGML
Sigma Lithium Stock Performance
Shares of NASDAQ:SGML traded up $0.09 during trading on Friday, hitting $11.13. The stock had a trading volume of 276,150 shares, compared to its average volume of 543,871. Sigma Lithium Co. has a 12-month low of $8.47 and a 12-month high of $23.17. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of -23.19 and a beta of 0.23. 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 50-day simple moving average of $12.35 and a two-hundred day simple moving average of $12.00.
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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