Sigma Lithium Co. (NASDAQ:SGML) is Fourth Sail Capital LP’s 3rd Largest Position

Fourth Sail Capital LP grew its holdings in shares of Sigma Lithium Co. (NASDAQ:SGML) by 1,572.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,134,797 shares of the company’s stock after purchasing an additional 2,947,331 shares during the quarter. Sigma Lithium makes up about 8.6% of Fourth Sail Capital LP’s investment portfolio, making the stock its 3rd biggest position. Fourth Sail Capital LP’s holdings in Sigma Lithium were worth $37,712,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. PenderFund Capital Management Ltd. acquired a new stake in shares of Sigma Lithium in the fourth quarter worth approximately $32,000. Tidal Investments LLC boosted its holdings in shares of Sigma Lithium by 65.9% in the 1st quarter. Tidal Investments LLC now owns 44,241 shares of the company’s stock valued at $573,000 after purchasing an additional 17,566 shares during the last quarter. Cantor Fitzgerald L. P. purchased a new stake in shares of Sigma Lithium during the 4th quarter valued at $1,548,000. SG Americas Securities LLC acquired a new stake in shares of Sigma Lithium during the 2nd quarter worth $672,000. Finally, Bardin Hill Management Partners LP purchased a new position in shares of Sigma Lithium in the 4th quarter worth $1,949,000. Institutional investors and hedge funds own 64.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. BMO Capital Markets lowered their price target on Sigma Lithium from $25.00 to $20.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Bank of America boosted their target price on Sigma Lithium from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, May 20th.

Sigma Lithium Price Performance

Sigma Lithium stock opened at $10.74 on Tuesday. The firm has a fifty day moving average of $10.59 and a 200-day moving average of $13.01. Sigma Lithium Co. has a 52-week low of $8.47 and a 52-week high of $39.38. The company has a quick ratio of 0.96, a current ratio of 1.05 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $1.19 billion, a P/E ratio of -82.62 and a beta of 0.16.

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