Regal Partners Ltd Sells 6,348 Shares of Sigma Lithium Co. (NASDAQ:SGML)

Regal Partners Ltd lowered its holdings in Sigma Lithium Co. (NASDAQ:SGML) by 28.4% in the third quarter, HoldingsChannel.com reports. The firm owned 16,037 shares of the company’s stock after selling 6,348 shares during the quarter. Regal Partners Ltd’s holdings in Sigma Lithium were worth $198,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SGML. Point72 DIFC Ltd bought a new stake in Sigma Lithium during the second quarter worth about $48,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Sigma Lithium during the 2nd quarter worth approximately $107,000. Tidal Investments LLC boosted its position in shares of Sigma Lithium by 65.9% during the 1st quarter. Tidal Investments LLC now owns 44,241 shares of the company’s stock worth $573,000 after acquiring an additional 17,566 shares in the last quarter. SG Americas Securities LLC bought a new position in Sigma Lithium in the second quarter valued at approximately $672,000. Finally, Perpetual Ltd acquired a new position in Sigma Lithium during the third quarter valued at approximately $2,096,000. Institutional investors and hedge funds own 64.86% of the company’s stock.

Sigma Lithium Stock Performance

Shares of Sigma Lithium stock opened at $14.44 on Thursday. The company has a market cap of $1.60 billion, a P/E ratio of 160.44 and a beta of 0.16. The company has a current ratio of 1.05, a quick ratio of 0.96 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average price of $12.72 and a two-hundred day moving average price of $12.83. Sigma Lithium Co. has a 1-year low of $8.47 and a 1-year high of $34.31.

Sigma Lithium (NASDAQ:SGML) last announced its quarterly earnings data on Thursday, August 15th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.23). The company had revenue of $45.94 million for the quarter, compared to analyst estimates of $69.70 million. Sigma Lithium had a return on equity of 6.18% and a net margin of 4.28%. As a group, analysts anticipate that Sigma Lithium Co. will post 0.05 EPS for the current year.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets cut their target price on shares of Sigma Lithium from $25.00 to $20.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th.

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.