1832 Asset Management L.P. Purchases 115,438 Shares of Sigma Lithium Co. (NASDAQ:SGML)

1832 Asset Management L.P. raised its position in shares of Sigma Lithium Co. (NASDAQ:SGML) by 43.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 382,000 shares of the company’s stock after acquiring an additional 115,438 shares during the period. 1832 Asset Management L.P.’s holdings in Sigma Lithium were worth $4,951,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Electron Capital Partners LLC bought a new stake in shares of Sigma Lithium during the fourth quarter worth approximately $69,703,000. Fourth Sail Capital LP bought a new stake in shares of Sigma Lithium during the first quarter worth approximately $2,430,000. Van ECK Associates Corp boosted its holdings in shares of Sigma Lithium by 47.0% during the first quarter. Van ECK Associates Corp now owns 1,057,916 shares of the company’s stock worth $13,711,000 after acquiring an additional 338,380 shares during the period. Frontier Capital Management Co. LLC boosted its holdings in shares of Sigma Lithium by 26.0% during the fourth quarter. Frontier Capital Management Co. LLC now owns 2,258,218 shares of the company’s stock worth $71,202,000 after acquiring an additional 466,688 shares during the period. Finally, Norges Bank bought a new stake in shares of Sigma Lithium during the fourth quarter worth approximately $17,608,000. Institutional investors own 64.86% of the company’s stock.

Sigma Lithium Price Performance

Shares of NASDAQ SGML traded up $0.12 during midday trading on Friday, reaching $11.62. The company’s stock had a trading volume of 503,974 shares, compared to its average volume of 598,349. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.98 and a current ratio of 1.07. Sigma Lithium Co. has a fifty-two week low of $10.46 and a fifty-two week high of $40.26. The business’s 50 day moving average price is $13.35 and its two-hundred day moving average price is $15.27. The company has a market cap of $1.29 billion, a P/E ratio of -89.38 and a beta of 0.18.

Sigma Lithium (NASDAQ:SGML) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The firm had revenue of $37.39 million for the quarter, compared to the consensus estimate of $57.79 million. On average, analysts forecast that Sigma Lithium Co. will post 0.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Bank of America boosted their price objective on Sigma Lithium from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, May 20th.

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.