Mirae Asset Global Investments Co. Ltd. Cuts Stock Holdings in Sigma Lithium Co. (NASDAQ:SGML)

Mirae Asset Global Investments Co. Ltd. trimmed its position in shares of Sigma Lithium Co. (NASDAQ:SGMLFree Report) by 6.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 672,002 shares of the company’s stock after selling 46,534 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.61% of Sigma Lithium worth $8,709,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. PenderFund Capital Management Ltd. purchased a new stake in Sigma Lithium in the 4th quarter worth $32,000. National Bank of Canada FI increased its holdings in Sigma Lithium by 1.1% in the 4th quarter. National Bank of Canada FI now owns 154,496 shares of the company’s stock worth $4,665,000 after acquiring an additional 1,699 shares in the last quarter. Canton Hathaway LLC purchased a new stake in Sigma Lithium in the 4th quarter worth $60,000. Alps Advisors Inc. increased its holdings in Sigma Lithium by 54.7% in the 3rd quarter. Alps Advisors Inc. now owns 8,778 shares of the company’s stock worth $285,000 after acquiring an additional 3,104 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich increased its holdings in Sigma Lithium by 0.6% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 647,882 shares of the company’s stock worth $20,543,000 after acquiring an additional 4,003 shares in the last quarter. Hedge funds and other institutional investors own 64.86% of the company’s stock.

Sigma Lithium Price Performance

Shares of NASDAQ SGML opened at $12.27 on Tuesday. The firm has a 50-day simple moving average of $14.66 and a 200-day simple moving average of $16.92. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 0.02. Sigma Lithium Co. has a 52 week low of $10.46 and a 52 week high of $41.90.

Sigma Lithium (NASDAQ:SGMLGet Free Report) last issued its earnings results on Wednesday, May 15th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The firm had revenue of $37.39 million for the quarter, compared to analyst estimates of $57.79 million. Equities research analysts predict that Sigma Lithium Co. will post 0.41 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. BMO Capital Markets cut their price target on shares of Sigma Lithium from $38.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, March 27th. Bank of America increased their target price on shares of Sigma Lithium from $25.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, May 20th.

View Our Latest Stock Analysis on SGML

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.

See Also

Want to see what other hedge funds are holding SGML? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sigma Lithium Co. (NASDAQ:SGMLFree Report).

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

Receive News & Ratings for Sigma Lithium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sigma Lithium and related companies with MarketBeat.com's FREE daily email newsletter.