SG Americas Securities LLC Lowers Stock Holdings in Sigma Lithium Corporation (NASDAQ:SGML)

SG Americas Securities LLC lessened its holdings in shares of Sigma Lithium Corporation (NASDAQ:SGML) by 62.0% during the first quarter, HoldingsChannel reports. The firm owned 28,966 shares of the company’s stock after selling 47,297 shares during the quarter. SG Americas Securities LLC’s holdings in Sigma Lithium were worth $301,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in SGML. Handelsbanken Fonder AB acquired a new stake in shares of Sigma Lithium in the fourth quarter worth approximately $160,000. Bank of New York Mellon Corp purchased a new position in Sigma Lithium during the fourth quarter worth approximately $728,000. U S Global Investors Inc. boosted its holdings in shares of Sigma Lithium by 233.3% in the 4th quarter. U S Global Investors Inc. now owns 10,000 shares of the company’s stock valued at $112,000 after purchasing an additional 7,000 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of 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 valued at $24,501,000 after purchasing an additional 1,464,475 shares during the last quarter. Finally, American Century Companies Inc. purchased a new stake in shares of Sigma Lithium during the 4th quarter valued at $408,000. Hedge funds and other institutional investors own 64.86% of the company’s stock.

Sigma Lithium Stock Up 8.9%

Shares of NASDAQ:SGML opened at $4.66 on Friday. The stock has a 50-day simple moving average of $6.21 and a 200-day simple moving average of $9.33. The stock has a market capitalization of $518.56 million, a P/E ratio of -12.59 and a beta of 0.07. Sigma Lithium Corporation has a 1 year low of $4.25 and a 1 year high of $15.56. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.67 and a current ratio of 0.85.

Sigma Lithium (NASDAQ:SGML) last announced its quarterly earnings results on Monday, March 31st. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.14). Sigma Lithium had a negative net margin of 24.36% and a negative return on equity of 35.85%. The business had revenue of $46.70 million for the quarter, compared to analyst estimates of $71.77 million. Equities analysts forecast that Sigma Lithium Corporation will post -0.12 earnings per share for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen raised Sigma Lithium from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd.

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.