SG Americas Securities LLC lowered its stake in Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 32.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 76,263 shares of the company's stock after selling 35,979 shares during the quarter. SG Americas Securities LLC owned about 0.07% of Sigma Lithium worth $856,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in SGML. Polar Asset Management Partners Inc. grew its position in shares of Sigma Lithium by 22.0% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 246,500 shares of the company's stock worth $3,047,000 after buying an additional 44,400 shares during the period. Perpetual Ltd bought a new stake in shares of Sigma Lithium in the third quarter worth about $2,096,000. State Street Corp acquired a new stake in shares of Sigma Lithium during the third quarter worth about $1,831,000. Millennium Management LLC lifted its holdings in shares of Sigma Lithium by 16.9% during the 2nd 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, The Manufacturers Life Insurance Company grew its position in shares of Sigma Lithium by 848.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 354,625 shares of the company's stock valued at $4,388,000 after purchasing an additional 317,225 shares during the period. Institutional investors own 64.86% of the company's stock.
Sigma Lithium Stock Down 0.9 %
NASDAQ SGML traded down $0.10 on Friday, reaching $10.75. The company had a trading volume of 446,241 shares, compared to its average volume of 487,268. The company's fifty day moving average is $11.94 and its 200-day moving average is $11.94. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -22.40 and a beta of 0.23. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.72 and a current ratio of 0.84. Sigma Lithium Co. has a 1-year low of $8.47 and a 1-year high of $21.41.
Analyst Ratings Changes
Separately, Bank of America dropped their target price on shares of Sigma Lithium from $25.00 to $16.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th.
Check Out Our Latest Report on Sigma Lithium
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.
See Also
Before you consider Sigma Lithium, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sigma Lithium wasn't on the list.
While Sigma Lithium currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
