Sigma Lithium Co. (NASDAQ:SGML) Shares Bought by Bridgewater Associates LP

Bridgewater Associates LP boosted its stake in Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 41.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 524,713 shares of the company's stock after buying an additional 153,848 shares during the period. Bridgewater Associates LP owned approximately 0.47% of Sigma Lithium worth $5,887,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SGML. Norges Bank acquired a new position in Sigma Lithium in the 4th quarter valued at about $28,050,000. Bank Julius Baer & Co. Ltd Zurich lifted its stake in Sigma Lithium by 203.6% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,183,675 shares of the company's stock worth $24,501,000 after acquiring an additional 1,464,475 shares during the last quarter. Invesco Ltd. grew its holdings in Sigma Lithium by 171.3% during the 4th quarter. Invesco Ltd. now owns 1,088,992 shares of the company's stock worth $12,218,000 after acquiring an additional 687,639 shares in the last quarter. CenterBook Partners LP purchased a new stake in shares of Sigma Lithium in the 4th quarter valued at approximately $1,722,000. Finally, State Street Corp acquired a new stake in shares of Sigma Lithium in the 3rd quarter valued at $1,831,000. 64.86% of the stock is currently owned by hedge funds and other institutional investors.

Sigma Lithium Stock Up 5.2 %

Shares of SGML traded up $0.40 during midday trading on Wednesday, reaching $8.07. The stock had a trading volume of 404,901 shares, compared to its average volume of 759,522. Sigma Lithium Co. has a 1-year low of $6.76 and a 1-year high of $19.20. The company's fifty day simple moving average is $10.25 and its two-hundred day simple moving average is $11.74. The company has a market cap of $898.02 million, a price-to-earnings ratio of -16.81 and a beta of 0.26. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.72.

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

Analysts Set New Price Targets

Separately, Bank of America reduced their price objective 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.

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.