The Manufacturers Life Insurance Company raised its stake in Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 848.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 354,625 shares of the company's stock after purchasing an additional 317,225 shares during the period. The Manufacturers Life Insurance Company owned 0.32% of Sigma Lithium worth $4,388,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Point72 DIFC Ltd bought a new position in shares of Sigma Lithium in the 2nd quarter worth about $48,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Sigma Lithium in the second quarter valued at approximately $107,000. Van ECK Associates Corp grew its holdings in shares of Sigma Lithium by 3.9% during the third quarter. Van ECK Associates Corp now owns 1,248,755 shares of the company's stock valued at $15,435,000 after purchasing an additional 47,143 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Sigma Lithium during the 2nd quarter worth approximately $672,000. Finally, CQS US LLC lifted its holdings in shares of Sigma Lithium by 72.0% in the 2nd quarter. CQS US LLC now owns 215,000 shares of the company's stock worth $2,586,000 after purchasing an additional 90,000 shares during the last quarter. Institutional investors and hedge funds own 64.86% of the company's stock.
Sigma Lithium Price Performance
NASDAQ SGML traded down $0.25 on Friday, hitting $11.84. The stock had a trading volume of 740,593 shares, compared to its average volume of 758,108. The company's 50-day moving average is $13.58 and its two-hundred day moving average is $12.47. 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 Co. has a one year low of $8.47 and a one year high of $34.31.
Analyst Ratings Changes
Separately, BMO Capital Markets lowered their price objective on Sigma Lithium from $25.00 to $20.00 and set an "outperform" rating for the company in a research note on Monday, August 19th.
Get Our Latest Report on Sigma Lithium
Sigma Lithium Company Profile
(
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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