Sigma Lithium Co. (NASDAQ:SGML) Stock Position Increased by Bridgewater Associates LP

Bridgewater Associates LP grew its position in Sigma Lithium Co. (NASDAQ:SGML) by 41.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 524,713 shares of the company’s stock after buying an additional 153,848 shares during the period. Bridgewater Associates LP’s holdings in Sigma Lithium were worth $5,887,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in SGML. Norges Bank bought a new stake in Sigma Lithium during the fourth quarter worth approximately $28,050,000. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Sigma Lithium by 203.6% in 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 buying an additional 1,464,475 shares during the period. Invesco Ltd. lifted its holdings in shares of Sigma Lithium by 171.3% in the fourth quarter. Invesco Ltd. now owns 1,088,992 shares of the company’s stock valued at $12,218,000 after buying an additional 687,639 shares during the period. CenterBook Partners LP acquired a new position in Sigma Lithium during the fourth quarter worth about $1,722,000. Finally, State Street Corp acquired a new position in Sigma Lithium during the third quarter worth about $1,831,000. Institutional investors and hedge funds own 64.86% of the company’s stock.

Sigma Lithium Price Performance

NASDAQ SGML opened at $7.14 on Friday. Sigma Lithium Co. has a 1 year low of $6.77 and a 1 year high of $19.20. The business’s fifty day moving average is $10.48 and its two-hundred day moving average is $11.87. The stock has a market capitalization of $794.53 million, a P/E ratio of -14.87 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 announced its earnings results on Monday, March 31st. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.14). The company had revenue of $46.70 million for the quarter, compared to analysts’ expectations of $71.77 million. Sigma Lithium had a negative net margin of 36.85% and a negative return on equity of 38.04%. On average, research analysts forecast that Sigma Lithium Co. will post -0.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Bank of America reduced their price objective on shares of Sigma Lithium from $25.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th.

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.