Thomist Capital Management LP Reduces Holdings in Sigma Lithium Co. (NASDAQ:SGML)

Thomist Capital Management LP lowered its stake in Sigma Lithium Co. (NASDAQ:SGML) by 72.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 279,772 shares of the company’s stock after selling 723,287 shares during the quarter. Sigma Lithium makes up about 1.3% of Thomist Capital Management LP’s holdings, making the stock its 16th biggest position. Thomist Capital Management LP owned about 0.25% of Sigma Lithium worth $3,438,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of SGML. PenderFund Capital Management Ltd. purchased a new position in Sigma Lithium in the 4th quarter valued at about $32,000. Tidal Investments LLC lifted its holdings in shares of 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 acquiring an additional 17,566 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Sigma Lithium during the 2nd quarter valued at $672,000. Cantor Fitzgerald L. P. purchased a new stake in Sigma Lithium during the fourth quarter valued at about $1,548,000. Finally, Bardin Hill Management Partners LP purchased a new position in shares of Sigma Lithium in the 4th quarter worth about $1,949,000. Hedge funds and other institutional investors own 64.86% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets dropped 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.

Sigma Lithium Trading Down 1.5 %

NASDAQ SGML opened at $11.07 on Thursday. Sigma Lithium Co. has a 52 week low of $8.47 and a 52 week high of $39.38. The stock has a market cap of $1.23 billion, a P/E ratio of -85.15 and a beta of 0.16. 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 fifty day simple moving average is $10.56 and its 200-day simple moving average is $12.96.

Sigma Lithium (NASDAQ:SGML) last posted its quarterly earnings data 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 net margin of 4.28% and a return on equity of 6.18%. The firm had revenue of $45.94 million during the quarter, compared to analysts’ expectations of $69.70 million. Equities research analysts predict that Sigma Lithium Co. will post 0.04 EPS for the current fiscal year.

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.