Point72 Asset Management L.P. reduced its position in shares of Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 92.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,266 shares of the company's stock after selling 1,054,226 shares during the period. Point72 Asset Management L.P. owned about 0.08% of Sigma Lithium worth $1,116,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the company. Point72 DIFC Ltd acquired a new position in Sigma Lithium during the 2nd quarter worth approximately $48,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Sigma Lithium during the second quarter worth about $107,000. SG Americas Securities LLC bought a new stake in shares of Sigma Lithium in the second quarter valued at about $672,000. Perpetual Ltd acquired a new stake in shares of Sigma Lithium during the 3rd quarter worth $2,096,000. Finally, CQS US LLC grew its stake in Sigma Lithium by 72.0% during the second quarter. CQS US LLC now owns 215,000 shares of the company's stock worth $2,586,000 after buying an additional 90,000 shares in the last quarter. 64.86% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, BMO Capital Markets reduced their target price on Sigma Lithium from $25.00 to $20.00 and set an "outperform" rating on the stock in a report on Monday, August 19th.
View Our Latest Stock Analysis on SGML
Sigma Lithium Price Performance
Shares of SGML traded down $0.12 during mid-day trading on Wednesday, reaching $12.30. The company had a trading volume of 372,780 shares, compared to its average volume of 995,881. The company's 50 day simple moving average is $13.57 and its 200 day simple moving average is $12.36. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of -25.88 and a beta of 0.15. Sigma Lithium Co. has a 1-year low of $8.47 and a 1-year high of $34.31. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.72 and a current ratio of 0.84.
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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