Sigma Lithium Corporation $SGML Shares Sold by Invesco Ltd.

Invesco Ltd. reduced its stake in Sigma Lithium Corporation (NASDAQ:SGML) by 32.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 736,610 shares of the company’s stock after selling 352,382 shares during the period. Invesco Ltd. owned approximately 0.66% of Sigma Lithium worth $7,661,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Appian Way Asset Management LP raised its stake in shares of Sigma Lithium by 15.2% in the fourth quarter. Appian Way Asset Management LP now owns 4,712,425 shares of the company’s stock valued at $52,873,000 after acquiring an additional 620,024 shares in the last quarter. Woodline Partners LP raised its stake in shares of Sigma Lithium by 113.5% in the fourth quarter. Woodline Partners LP now owns 1,617,673 shares of the company’s stock valued at $18,150,000 after acquiring an additional 859,924 shares in the last quarter. Sourcerock Group LLC raised its stake in shares of Sigma Lithium by 46.0% in the fourth 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Sigma Lithium by 1.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,254,882 shares of the company’s stock valued at $14,127,000 after buying an additional 22,828 shares in the last quarter. Finally, Bamco Inc. NY acquired a new stake in Sigma Lithium in the fourth quarter valued at $13,539,000. 64.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SGML has been the topic of a number of analyst reports. Cormark upgraded Sigma Lithium to a “moderate buy” rating in a research note on Thursday, August 21st. Wall Street Zen cut Sigma Lithium from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $16.00.

Sigma Lithium Trading Up 0.5%

NASDAQ:SGML opened at $6.15 on Tuesday. The stock’s 50 day moving average price is $5.64 and its 200 day moving average price is $7.62. The company has a market capitalization of $684.56 million, a PE ratio of -13.98 and a beta of 0.07. The company has a quick ratio of 0.39, a current ratio of 0.60 and a debt-to-equity ratio of 1.26. Sigma Lithium Corporation has a 52-week low of $4.25 and a 52-week high of $15.56.

Sigma Lithium (NASDAQ:SGML) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.14). The firm had revenue of $16.89 million during the quarter, compared to analysts’ expectations of $50.44 million. Sigma Lithium had a negative net margin of 35.69% and a negative return on equity of 47.19%. On average, research analysts anticipate that Sigma Lithium Corporation will post -0.12 EPS for the current year.

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.