12,670 Shares in Sigma Lithium Co. (NASDAQ:SGML) Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA purchased a new position in Sigma Lithium Co. (NASDAQ:SGML) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,670 shares of the company’s stock, valued at approximately $142,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SGML. Bank Julius Baer & Co. Ltd Zurich increased its holdings in Sigma Lithium by 203.6% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,183,675 shares of the company’s stock worth $24,501,000 after buying an additional 1,464,475 shares during the period. Norges Bank acquired a new stake in shares of Sigma Lithium in the fourth quarter worth $28,050,000. State Street Corp purchased a new position in shares of Sigma Lithium during the third quarter worth $1,831,000. Geode Capital Management LLC lifted its position in Sigma Lithium by 8.4% during the third quarter. Geode Capital Management LLC now owns 117,125 shares of the company’s stock valued at $1,448,000 after purchasing an additional 9,049 shares during the period. Finally, Handelsbanken Fonder AB acquired a new stake in Sigma Lithium during the 4th quarter worth about $160,000. Hedge funds and other institutional investors own 64.86% of the company’s stock.

Wall Street Analyst Weigh In

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

Sigma Lithium Stock Up 2.3 %

Sigma Lithium stock opened at $8.12 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.72. The stock has a market capitalization of $903.59 million, a PE ratio of -16.92 and a beta of 0.26. The business has a 50 day simple moving average of $10.75 and a 200-day simple moving average of $12.00. Sigma Lithium Co. has a 12 month low of $7.05 and a 12 month high of $19.20.

Sigma Lithium (NASDAQ:SGML) last released its quarterly earnings results on Monday, March 31st. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.14). The company had revenue of $46.70 million during the quarter, compared to analyst estimates of $71.77 million. Sigma Lithium had a negative net margin of 36.85% and a negative return on equity of 38.04%. On average, analysts anticipate that Sigma Lithium Co. will post -0.12 EPS for the current fiscal year.

About Sigma Lithium

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.