Prelude Capital Management LLC Sells 8,680 Shares of Sigma Lithium Co. (NASDAQ:SGML)

Prelude Capital Management LLC trimmed its stake in Sigma Lithium Co. (NASDAQ:SGMLFree Report) by 46.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,869 shares of the company’s stock after selling 8,680 shares during the period. Prelude Capital Management LLC’s holdings in Sigma Lithium were worth $371,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Toroso Investments LLC bought a new position in shares of Sigma Lithium in the 1st quarter worth $1,023,000. B. Riley Wealth Advisors Inc. increased its stake in Sigma Lithium by 24.2% in the first quarter. B. Riley Wealth Advisors Inc. now owns 11,726 shares of the company’s stock valued at $441,000 after acquiring an additional 2,282 shares during the last quarter. SIR Capital Management L.P. raised its position in Sigma Lithium by 13.5% during the first quarter. SIR Capital Management L.P. now owns 485,846 shares of the company’s stock valued at $18,278,000 after purchasing an additional 57,900 shares in the last quarter. State Street Corp bought a new stake in Sigma Lithium during the first quarter worth about $1,053,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Sigma Lithium in the 1st quarter worth about $212,000. 19.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SGML. BMO Capital Markets decreased their price objective on Sigma Lithium from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, September 6th. Bank of America lowered their price objective on shares of Sigma Lithium from $44.00 to $42.00 in a report on Sunday, September 3rd.

View Our Latest Stock Report on Sigma Lithium

Sigma Lithium Trading Up 2.3 %

Shares of SGML stock opened at $37.70 on Monday. The business has a 50-day moving average of $35.56 and a 200 day moving average of $36.81. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.16 and a quick ratio of 0.85. Sigma Lithium Co. has a 1-year low of $23.77 and a 1-year high of $43.18. The stock has a market capitalization of $4.12 billion, a PE ratio of -32.22 and a beta of 0.36.

Sigma Lithium (NASDAQ:SGMLGet Free Report) last announced its quarterly earnings data on Thursday, August 10th. The company reported ($0.22) earnings per share for the quarter. As a group, sell-side analysts anticipate that Sigma Lithium Co. will post 2.74 earnings per share for the current year.

About Sigma Lithium

(Free Report)

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.

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Institutional Ownership by Quarter for Sigma Lithium (NASDAQ:SGML)

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