Nucleo Capital LTDA. Cuts Position in Sigma Lithium Co. (NASDAQ:SGML)

Nucleo Capital LTDA. lessened its stake in shares of Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 45.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,456,112 shares of the company's stock after selling 1,230,019 shares during the quarter. Sigma Lithium comprises about 26.5% of Nucleo Capital LTDA.'s investment portfolio, making the stock its 3rd biggest holding. Nucleo Capital LTDA. owned 1.31% of Sigma Lithium worth $16,338,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. U S Global Investors Inc. increased its position in Sigma Lithium by 233.3% during the fourth quarter. U S Global Investors Inc. now owns 10,000 shares of the company's stock valued at $112,000 after acquiring an additional 7,000 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Sigma Lithium in the 3rd quarter worth approximately $122,000. Pictet Asset Management Holding SA purchased a new position in shares of Sigma Lithium in the fourth quarter worth approximately $142,000. Handelsbanken Fonder AB bought a new stake in Sigma Lithium during the fourth quarter valued at approximately $160,000. Finally, Alliancebernstein L.P. increased its holdings in Sigma Lithium by 10.9% during the fourth quarter. Alliancebernstein L.P. now owns 17,390 shares of the company's stock valued at $195,000 after buying an additional 1,710 shares during the last quarter. 64.86% of the stock is currently owned by institutional investors.

Sigma Lithium Stock Performance

Shares of NASDAQ:SGML traded down $1.20 during mid-day trading on Friday, reaching $7.74. 1,165,256 shares of the company traded hands, compared to its average volume of 747,592. The company's 50 day moving average price is $11.22 and its 200-day moving average price is $12.20. The firm has a market cap of $861.30 million, a PE ratio of -16.14 and a beta of 0.21. Sigma Lithium Co. has a 52 week low of $7.46 and a 52 week high of $19.20. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.72.

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Sigma Lithium (NASDAQ:SGML - Get Free Report) last released its quarterly earnings data on Monday, March 31st. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.14). The business had revenue of $46.70 million during the quarter, compared to the consensus estimate of $71.77 million. Sigma Lithium had a negative return on equity of 38.04% and a negative net margin of 36.85%. On average, equities analysts expect that Sigma Lithium Co. will post -0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Bank of America dropped their price target on shares of Sigma Lithium from $25.00 to $16.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th.

Sigma Lithium Company Profile

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.