Fourth Sail Capital LP Makes New $2.43 Million Investment in Sigma Lithium Co. (NASDAQ:SGML)

Fourth Sail Capital LP purchased a new stake in shares of Sigma Lithium Co. (NASDAQ:SGMLFree Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 187,466 shares of the company’s stock, valued at approximately $2,430,000. Sigma Lithium accounts for 0.7% of Fourth Sail Capital LP’s holdings, making the stock its 21st biggest position. Fourth Sail Capital LP owned approximately 0.17% of Sigma Lithium as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Citigroup Inc. bought a new position in Sigma Lithium during the third quarter worth about $423,000. Schonfeld Strategic Advisors LLC bought a new stake in Sigma Lithium during the 3rd quarter valued at $3,484,000. Alps Advisors Inc. lifted its position in shares of Sigma Lithium by 54.7% during the third quarter. Alps Advisors Inc. now owns 8,778 shares of the company’s stock worth $285,000 after acquiring an additional 3,104 shares in the last quarter. Capricorn Fund Managers Ltd boosted its holdings in shares of Sigma Lithium by 5.4% in the fourth quarter. Capricorn Fund Managers Ltd now owns 83,800 shares of the company’s stock worth $2,642,000 after acquiring an additional 4,300 shares during the period. Finally, Inscription Capital LLC grew its position in shares of Sigma Lithium by 110.5% in the fourth quarter. Inscription Capital LLC now owns 20,000 shares of the company’s stock valued at $631,000 after purchasing an additional 10,500 shares in the last quarter. Hedge funds and other institutional investors own 64.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Bank of America increased their price target on shares of Sigma Lithium from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, May 20th. BMO Capital Markets decreased their target price on Sigma Lithium from $38.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 27th.

Check Out Our Latest Research Report on Sigma Lithium

Sigma Lithium Stock Performance

SGML stock traded down $0.11 during midday trading on Tuesday, reaching $12.19. The company had a trading volume of 377,108 shares, compared to its average volume of 1,174,715. The firm has a 50-day moving average price of $14.99 and a 200-day moving average price of $18.11. Sigma Lithium Co. has a 1 year low of $10.46 and a 1 year high of $41.90. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.07 and a quick ratio of 0.98.

Sigma Lithium (NASDAQ:SGMLGet Free Report) last announced its earnings results on Wednesday, May 15th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.07). The company had revenue of $37.39 million for the quarter, compared to the consensus estimate of $57.79 million. On average, research analysts anticipate that Sigma Lithium Co. will post 0.39 EPS for the current fiscal year.

Sigma Lithium 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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Institutional Ownership by Quarter for Sigma Lithium (NASDAQ:SGML)

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