Skandinaviska Enskilda Banken AB publ Cuts Stock Position in Sigma Lithium Co. (NASDAQ:SGML)

Skandinaviska Enskilda Banken AB publ lessened its position in shares of Sigma Lithium Co. (NASDAQ:SGML) by 30.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,692 shares of the company’s stock after selling 27,436 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.06% of Sigma Lithium worth $693,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Appian Way Asset Management LP increased its position in shares of Sigma Lithium by 57.2% during the third quarter. Appian Way Asset Management LP now owns 4,092,401 shares of the company’s stock worth $50,582,000 after purchasing an additional 1,488,265 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its position in Sigma Lithium by 203.6% during the 4th 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 in the last quarter. Bridgewater Associates LP purchased a new stake in Sigma Lithium in the third quarter valued at about $4,584,000. The Manufacturers Life Insurance Company boosted its holdings in Sigma Lithium by 848.2% in the third quarter. The Manufacturers Life Insurance Company now owns 354,625 shares of the company’s stock worth $4,388,000 after acquiring an additional 317,225 shares in the last quarter. Finally, Polar Asset Management Partners Inc. grew its stake in shares of Sigma Lithium by 22.0% during the third quarter. Polar Asset Management Partners Inc. now owns 246,500 shares of the company’s stock worth $3,047,000 after acquiring an additional 44,400 shares during the last quarter. Hedge funds and other institutional investors own 64.86% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Bank of America decreased 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 Price Performance

Shares of SGML opened at $12.14 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.72. The company’s fifty day moving average price is $11.42 and its 200-day moving average price is $12.12. The firm has a market capitalization of $1.35 billion, a PE ratio of -25.29 and a beta of 0.21. Sigma Lithium Co. has a 1-year low of $8.47 and a 1-year high of $19.20.

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.