Millennium Management LLC Sells 364,884 Shares of Sigma Lithium Co. (NASDAQ:SGML)

Millennium Management LLC decreased its position in shares of Sigma Lithium Co. (NASDAQ:SGML) by 96.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,737 shares of the company’s stock after selling 364,884 shares during the period. Millennium Management LLC’s holdings in Sigma Lithium were worth $165,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SGML. Alliancebernstein L.P. raised its holdings in shares of Sigma Lithium by 10.9% during the 4th quarter. Alliancebernstein L.P. now owns 17,390 shares of the company’s stock worth $195,000 after acquiring an additional 1,710 shares in the last quarter. Aquatic Capital Management LLC bought a new position in Sigma Lithium during the fourth quarter valued at $27,000. U S Global Investors Inc. grew its stake 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 buying an additional 7,000 shares in the last quarter. Boothbay Fund Management LLC increased its holdings in shares of Sigma Lithium by 16.8% in the 4th quarter. Boothbay Fund Management LLC now owns 85,703 shares of the company’s stock worth $962,000 after buying an additional 12,308 shares during the last quarter. Finally, Pictet Asset Management Holding SA purchased a new stake in shares of Sigma Lithium during the 4th quarter valued at about $142,000. 64.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Sigma Lithium Stock Down 6.2%

NASDAQ SGML opened at $5.13 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. Sigma Lithium Co. has a 52 week low of $4.52 and a 52 week high of $15.56. The firm has a market capitalization of $570.88 million, a price-to-earnings ratio of -10.69 and a beta of 0.07. The company has a fifty day moving average of $6.83 and a two-hundred day moving average of $9.90.

Sigma Lithium (NASDAQ:SGML) last released its quarterly earnings results on Monday, March 31st. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.14). Sigma Lithium had a negative return on equity of 38.04% and a negative net margin of 36.85%. The firm had revenue of $46.70 million for the quarter, compared to analysts’ expectations of $71.77 million. On average, analysts predict that Sigma Lithium Co. will post -0.12 earnings per share for the current year.

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.