SG Americas Securities LLC Cuts Stock Holdings in Sigma Lithium Co. (NASDAQ:SGML)

SG Americas Securities LLC lessened its position in Sigma Lithium Co. (NASDAQ:SGML) by 32.1% during the fourth quarter, Holdings Channel reports. The fund owned 76,263 shares of the company’s stock after selling 35,979 shares during the period. SG Americas Securities LLC’s holdings in Sigma Lithium were worth $856,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SGML. Point72 DIFC Ltd purchased a new position in Sigma Lithium in the 2nd quarter worth approximately $48,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Sigma Lithium in the 2nd quarter worth approximately $107,000. Public Employees Retirement System of Ohio purchased a new position in Sigma Lithium during the third quarter valued at $122,000. Y Intercept Hong Kong Ltd purchased a new position in Sigma Lithium during the 3rd quarter valued at about $299,000. Finally, Tidal Investments LLC boosted its position in shares of Sigma Lithium by 43.4% in the 3rd quarter. Tidal Investments LLC now owns 63,422 shares of the company’s stock worth $784,000 after purchasing an additional 19,193 shares in the last quarter. 64.86% of the stock is owned by hedge funds and other institutional investors.

Sigma Lithium Trading Up 0.3 %

Shares of SGML opened at $10.89 on Wednesday. Sigma Lithium Co. has a fifty-two week low of $8.47 and a fifty-two week high of $23.00. The stock has a market capitalization of $1.21 billion, a PE ratio of -22.69 and a beta of 0.23. The company’s fifty day moving average is $12.16 and its 200 day moving average is $11.97. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.72 and a current ratio of 0.84.

Analyst Ratings Changes

Separately, Bank of America lowered their price objective on Sigma Lithium from $25.00 to $16.00 and set a “buy” rating on the stock 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.