Sigma Lithium Co. (NASDAQ:SGML) Stock Position Reduced by Bank of America Corp DE

Bank of America Corp DE lessened its stake in Sigma Lithium Co. (NASDAQ:SGML) by 13.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 544,838 shares of the company’s stock after selling 84,896 shares during the quarter. Bank of America Corp DE owned 0.49% of Sigma Lithium worth $6,113,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets acquired a new stake in shares of Sigma Lithium during the 4th quarter valued at $185,000. Appian Way Asset Management LP raised its holdings in shares of Sigma Lithium by 15.2% during the fourth quarter. Appian Way Asset Management LP now owns 4,712,425 shares of the company’s stock worth $52,873,000 after acquiring an additional 620,024 shares in the last quarter. Northern Trust Corp boosted its position in Sigma Lithium by 40.4% during the fourth quarter. Northern Trust Corp now owns 124,554 shares of the company’s stock valued at $1,397,000 after purchasing an additional 35,848 shares during the last quarter. Decade Renewable Partners LP boosted its position in Sigma Lithium by 10.3% during the fourth quarter. Decade Renewable Partners LP now owns 861,861 shares of the company’s stock valued at $9,670,000 after purchasing an additional 80,565 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in Sigma Lithium in the fourth quarter valued at about $27,000. Hedge funds and other institutional investors own 64.86% of the company’s stock.

Sigma Lithium Trading Down 0.7%

Shares of NASDAQ:SGML opened at $5.90 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.72 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $656.55 million, a PE ratio of -12.29 and a beta of 0.30. Sigma Lithium Co. has a 1 year low of $5.23 and a 1 year high of $17.30. The firm has a fifty day moving average price of $8.21 and a 200 day moving average price of $10.64.

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). The company had revenue of $46.70 million during the quarter, compared to analyst estimates of $71.77 million. Sigma Lithium had a negative return on equity of 38.04% and a negative net margin of 36.85%. Analysts expect that Sigma Lithium Co. will post -0.12 EPS for the current fiscal year.

Analyst Ratings Changes

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

Sigma Lithium Profile

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.