Maven Securities LTD Sells 689,100 Shares of Sigma Lithium Co. (NASDAQ:SGML)

Maven Securities LTD reduced its position in shares of Sigma Lithium Co. (NASDAQ:SGML) by 51.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 658,053 shares of the company’s stock after selling 689,100 shares during the quarter. Sigma Lithium accounts for about 0.2% of Maven Securities LTD’s holdings, making the stock its 17th biggest position. Maven Securities LTD’s holdings in Sigma Lithium were worth $7,916,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in SGML. PenderFund Capital Management Ltd. acquired a new position in Sigma Lithium during the 4th quarter worth about $32,000. Point72 DIFC Ltd bought a new stake in Sigma Lithium in the second quarter valued at approximately $48,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Sigma Lithium during the 2nd quarter valued at approximately $107,000. Tidal Investments LLC raised its holdings in Sigma Lithium by 65.9% during the 1st quarter. Tidal Investments LLC now owns 44,241 shares of the company’s stock worth $573,000 after purchasing an additional 17,566 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Sigma Lithium during the 2nd quarter worth approximately $672,000. Institutional investors and hedge funds own 64.86% of the company’s stock.

Sigma Lithium Stock Up 6.8 %

SGML stock opened at $13.20 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.05 and a quick ratio of 0.96. The stock has a 50-day moving average price of $10.53 and a 200-day moving average price of $12.81. Sigma Lithium Co. has a 1-year low of $8.47 and a 1-year high of $34.31.

Sigma Lithium (NASDAQ:SGML) last issued its earnings results on Thursday, August 15th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.23). Sigma Lithium had a return on equity of 6.18% and a net margin of 4.28%. The business had revenue of $45.94 million during the quarter, compared to the consensus estimate of $69.70 million. Equities research analysts expect that Sigma Lithium Co. will post 0.04 earnings per share for the current year.

Analysts Set New Price Targets

Separately, BMO Capital Markets decreased their price objective on shares of Sigma Lithium from $25.00 to $20.00 and set an “outperform” rating for the company in a research report on Monday, August 19th.

About Sigma Lithium

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.