Sigma Lithium Co. (NASDAQ:SGML) Shares Sold by Nucleo Capital LTDA.

Nucleo Capital LTDA. reduced its holdings in Sigma Lithium Co. (NASDAQ:SGML) by 8.4% during the 2nd quarter, Holdings Channel reports. The fund owned 3,517,168 shares of the company’s stock after selling 321,038 shares during the quarter. Sigma Lithium comprises 35.3% of Nucleo Capital LTDA.’s portfolio, making the stock its 2nd largest holding. Nucleo Capital LTDA.’s holdings in Sigma Lithium were worth $42,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Sigma Lithium during the 4th quarter valued at about $17,608,000. 1832 Asset Management L.P. boosted its holdings in shares of Sigma Lithium by 9.4% in the fourth quarter. 1832 Asset Management L.P. now owns 266,562 shares of the company’s stock valued at $8,405,000 after acquiring an additional 22,938 shares in the last quarter. Bardin Hill Management Partners LP acquired a new position in shares of Sigma Lithium during the fourth quarter valued at approximately $1,949,000. PenderFund Capital Management Ltd. bought a new stake in Sigma Lithium during the fourth quarter worth approximately $32,000. Finally, Frontier Capital Management Co. LLC lifted its position in Sigma Lithium by 26.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,258,218 shares of the company’s stock worth $71,202,000 after purchasing an additional 466,688 shares during the period. Institutional investors own 64.86% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lowered their price target on Sigma Lithium from $25.00 to $20.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th.

Sigma Lithium Price Performance

Shares of Sigma Lithium stock opened at $11.41 on Friday. Sigma Lithium Co. has a 52 week low of $8.47 and a 52 week high of $36.50. The company has a current ratio of 1.05, a quick ratio of 0.96 and a debt-to-equity ratio of 0.02. The company’s 50-day moving average price is $10.53 and its two-hundred day moving average price is $12.92. The stock has a market cap of $1.26 billion, a PE ratio of -87.77 and a beta of 0.16.

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

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.