Bank of New York Mellon Corp Acquires Shares of 64,871 Sigma Lithium Co. (NASDAQ:SGML)

Bank of New York Mellon Corp bought a new stake in shares of Sigma Lithium Co. (NASDAQ:SGML) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 64,871 shares of the company’s stock, valued at approximately $728,000.

A number of other hedge funds also recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new position in Sigma Lithium during the third quarter valued at about $122,000. Handelsbanken Fonder AB purchased a new position in Sigma Lithium in the fourth quarter valued at about $160,000. Y Intercept Hong Kong Ltd purchased a new position in Sigma Lithium in the third quarter valued at about $299,000. Tidal Investments LLC grew its position in shares of Sigma Lithium by 43.4% during the 3rd quarter. Tidal Investments LLC now owns 63,422 shares of the company’s stock valued at $784,000 after acquiring an additional 19,193 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Sigma Lithium by 8.4% during the 3rd 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 during the last quarter. 64.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Bank of America dropped their price objective on Sigma Lithium from $25.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th.

Sigma Lithium Trading Down 1.5 %

Shares of SGML opened at $11.52 on Thursday. Sigma Lithium Co. has a fifty-two week low of $8.47 and a fifty-two week high of $19.20. The business has a 50-day moving average of $11.37 and a 200 day moving average of $12.20. The firm has a market cap of $1.28 billion, a P/E ratio of -24.00 and a beta of 0.21. 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 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.