Sigma Lithium Corporation (NASDAQ:SGML) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its holdings in shares of Sigma Lithium Corporation (NASDAQ:SGML) by 67.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,425 shares of the company’s stock after purchasing an additional 30,075 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.07% of Sigma Lithium worth $774,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in SGML. Bank Julius Baer & Co. Ltd Zurich lifted its stake in Sigma Lithium by 203.6% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,183,675 shares of the company’s stock valued at $24,501,000 after purchasing an additional 1,464,475 shares during the last quarter. Norges Bank bought a new position in shares of Sigma Lithium in the fourth quarter valued at $28,050,000. Lighthouse Investment Partners LLC lifted its position in shares of Sigma Lithium by 78.7% during the 4th quarter. Lighthouse Investment Partners LLC now owns 247,576 shares of the company’s stock valued at $2,778,000 after acquiring an additional 109,064 shares during the last quarter. Sourcerock Group LLC lifted its position in shares of Sigma Lithium by 46.0% during the 4th quarter. Sourcerock Group LLC now owns 1,387,222 shares of the company’s stock valued at $15,565,000 after acquiring an additional 437,010 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of Sigma Lithium during the 4th quarter worth $185,000. Institutional investors and hedge funds own 64.86% of the company’s stock.

Sigma Lithium Stock Performance

Sigma Lithium stock opened at $5.16 on Friday. Sigma Lithium Corporation has a fifty-two week low of $4.25 and a fifty-two week high of $15.56. The firm’s 50 day simple moving average is $5.92 and its 200-day simple moving average is $9.08. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.85 and a quick ratio of 0.67. The company has a market cap of $573.66 million, a P/E ratio of -13.93 and a beta of 0.05.

Sigma Lithium (NASDAQ:SGML) last posted its quarterly earnings data 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 35.85% and a negative net margin of 24.36%. The firm had revenue of $46.70 million during the quarter, compared to analyst estimates of $71.77 million. As a group, equities research analysts predict that Sigma Lithium Corporation will post -0.12 EPS for the current year.

Wall Street Analyst Weigh In

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

Sigma Lithium Company 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.