Sigma Lithium Corporation (NASDAQ:SGML) Position Boosted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its stake in Sigma Lithium Corporation (NASDAQ:SGML) by 67.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,425 shares of the company’s stock after purchasing an additional 30,075 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Sigma Lithium were worth $774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Aquatic Capital Management LLC acquired a new position in Sigma Lithium in the 4th quarter valued at approximately $27,000. GAMMA Investing LLC acquired a new position in shares of Sigma Lithium in the first quarter worth $139,000. Pictet Asset Management Holding SA purchased a new stake in shares of Sigma Lithium during the fourth quarter worth $142,000. Squarepoint Ops LLC purchased a new stake in shares of Sigma Lithium during the fourth quarter worth $150,000. Finally, BNP Paribas Financial Markets acquired a new stake in Sigma Lithium during the fourth quarter valued at $185,000. 64.86% of the stock is currently owned by institutional investors and hedge funds.

Sigma Lithium Trading Up 7.2%

NASDAQ:SGML opened at $5.16 on Friday. The company has a market capitalization of $573.66 million, a P/E ratio of -13.93 and a beta of 0.05. The stock’s 50 day moving average price is $5.92 and its 200 day moving average price is $9.08. 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 Corporation has a 52 week low of $4.25 and a 52 week high of $15.56.

Sigma Lithium (NASDAQ:SGML) last posted its earnings results on Monday, March 31st. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.14). The business had revenue of $46.70 million during the quarter, compared to the consensus estimate of $71.77 million. Sigma Lithium had a negative return on equity of 35.85% and a negative net margin of 24.36%. On average, research analysts forecast that Sigma Lithium Corporation will post -0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Sigma Lithium from a “sell” rating to a “hold” rating in a research note 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.