JPMorgan Chase & Co. Boosts Position in Sigma Lithium Co. (NASDAQ:SGML)

JPMorgan Chase & Co. increased its holdings in Sigma Lithium Co. (NASDAQ:SGML) by 13,614.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,053 shares of the company’s stock after acquiring an additional 32,812 shares during the quarter. JPMorgan Chase & Co.’s holdings in Sigma Lithium were worth $371,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. U S Global Investors Inc. lifted its position 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 worth $112,000 after purchasing an additional 7,000 shares during the period. Handelsbanken Fonder AB purchased a new stake in Sigma Lithium in the fourth quarter worth about $160,000. American Century Companies Inc. bought a new stake in Sigma Lithium during the 4th quarter valued at approximately $408,000. Bank of New York Mellon Corp purchased a new position in shares of Sigma Lithium during the 4th quarter worth approximately $728,000. Finally, Tidal Investments LLC lifted its stake in shares of Sigma Lithium by 43.4% in the 3rd quarter. Tidal Investments LLC now owns 63,422 shares of the company’s stock valued at $784,000 after purchasing an additional 19,193 shares during the period. Institutional investors own 64.86% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Bank of America reduced their price target on Sigma Lithium from $25.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th.

Sigma Lithium Price Performance

Shares of SGML opened at $8.15 on Friday. Sigma Lithium Co. has a fifty-two week low of $6.76 and a fifty-two week high of $19.20. The firm’s 50-day simple moving average is $9.80 and its two-hundred day simple moving average is $11.50. The stock has a market cap of $906.93 million, a PE ratio of -16.98 and a beta of 0.26. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.72 and a current ratio of 0.84.

Sigma Lithium (NASDAQ:SGML) last posted its quarterly earnings data 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 36.85% and a negative return on equity of 38.04%. The company had revenue of $46.70 million for the quarter, compared to the consensus estimate of $71.77 million. Analysts anticipate that Sigma Lithium Co. will post -0.12 earnings per share 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.