Fourth Sail Capital LP Sells 2,209,245 Shares of Sigma Lithium Co. (NASDAQ:SGML)

Fourth Sail Capital LP decreased its stake in shares of Sigma Lithium Co. (NASDAQ:SGML) by 70.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 925,552 shares of the company’s stock after selling 2,209,245 shares during the period. Sigma Lithium accounts for about 2.9% of Fourth Sail Capital LP’s portfolio, making the stock its 13th largest holding. Fourth Sail Capital LP’s holdings in Sigma Lithium were worth $11,440,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Point72 DIFC Ltd bought a new position in Sigma Lithium during the 2nd quarter worth $48,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Sigma Lithium in the second quarter valued at about $107,000. Tidal Investments LLC grew its stake in shares of Sigma Lithium by 65.9% in the first quarter. Tidal Investments LLC now owns 44,241 shares of the company’s stock valued at $573,000 after acquiring an additional 17,566 shares in the last quarter. SG Americas Securities LLC bought a new position in Sigma Lithium during the second quarter worth about $672,000. Finally, Perpetual Ltd bought a new position in Sigma Lithium during the third quarter worth about $2,096,000. Institutional investors and hedge funds own 64.86% of the company’s stock.

Sigma Lithium Price Performance

Sigma Lithium stock opened at $12.94 on Monday. The firm has a market cap of $1.44 billion, a PE ratio of -26.96 and a beta of 0.16. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.05 and a quick ratio of 0.96. The stock’s fifty day moving average price is $12.87 and its two-hundred day moving average price is $12.80. Sigma Lithium Co. has a one year low of $8.47 and a one year high of $34.31.

Sigma Lithium (NASDAQ:SGML) last released its earnings results on Thursday, August 15th. The company reported ($0.10) earnings per share (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, research analysts expect that Sigma Lithium Co. will post 0.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Sigma Lithium 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.