Perpetual Ltd Sells 139,430 Shares of Sigma Lithium Co. (NASDAQ:SGML)

Perpetual Ltd trimmed its holdings in Sigma Lithium Co. (NASDAQ:SGML) by 82.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,160 shares of the company’s stock after selling 139,430 shares during the period. Perpetual Ltd’s holdings in Sigma Lithium were worth $338,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Point72 DIFC Ltd bought a new position in shares of Sigma Lithium in the 2nd quarter valued at approximately $48,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Sigma Lithium in the second quarter valued at approximately $107,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Sigma Lithium in the third quarter worth $122,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Sigma Lithium during the 3rd quarter worth $299,000. Finally, Tidal Investments LLC grew its stake in Sigma Lithium by 43.4% in the 3rd quarter. Tidal Investments LLC now owns 63,422 shares of the company’s stock valued at $784,000 after buying an additional 19,193 shares during the last quarter. 64.86% of the stock is owned by institutional investors.

Sigma Lithium Stock Performance

Shares of NASDAQ SGML opened at $11.04 on Friday. Sigma Lithium Co. has a 12 month low of $8.47 and a 12 month high of $24.16. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. The company has a market cap of $1.23 billion, a P/E ratio of -23.00 and a beta of 0.23. The business’s 50 day moving average is $12.35 and its two-hundred day moving average is $12.00.

Analyst Ratings Changes

Separately, Bank of America cut their target price on shares of Sigma Lithium from $25.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th.

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.