Walleye Capital LLC Buys New Position in Sigma Lithium Co. (NASDAQ:SGML)

Walleye Capital LLC acquired a new position in Sigma Lithium Co. (NASDAQ:SGML) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 42,677 shares of the company’s stock, valued at approximately $479,000.

Other large investors have also added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its stake 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 valued at $195,000 after buying an additional 1,710 shares in the last quarter. U S Global Investors Inc. boosted its stake in shares of Sigma Lithium by 233.3% in the fourth quarter. U S Global Investors Inc. now owns 10,000 shares of the company’s stock worth $112,000 after acquiring an additional 7,000 shares during the period. Geode Capital Management LLC grew its position in shares of Sigma Lithium by 8.4% during the third quarter. Geode Capital Management LLC now owns 117,125 shares of the company’s stock worth $1,448,000 after purchasing an additional 9,049 shares in the last quarter. Pictet Asset Management Holding SA bought a new stake in Sigma Lithium during the 4th quarter valued at approximately $142,000. Finally, Handelsbanken Fonder AB purchased a new position in Sigma Lithium in the 4th quarter worth approximately $160,000. Hedge funds and other institutional investors own 64.86% of the company’s stock.

Sigma Lithium Price Performance

NASDAQ:SGML opened at $7.90 on Thursday. The company has a market capitalization of $879.10 million, a P/E ratio of -16.46 and a beta of 0.26. Sigma Lithium Co. has a 12 month low of $6.76 and a 12 month high of $19.20. The business’s 50-day moving average is $10.18 and its 200 day moving average is $11.72. The company has a current ratio of 0.84, a quick ratio of 0.72 and a debt-to-equity ratio of 0.02.

Sigma Lithium (NASDAQ:SGML) last issued its quarterly earnings data on Monday, March 31st. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, equities research analysts forecast that Sigma Lithium Co. will post -0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Bank of America cut their price objective on shares of Sigma Lithium from $25.00 to $16.00 and set a “buy” rating for the company in a 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.