Maven Securities LTD Has $7.92 Million Stock Position in Sigma Lithium Co. (NASDAQ:SGML)

Maven Securities LTD lessened its holdings in Sigma Lithium Co. (NASDAQ:SGML) by 51.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 658,053 shares of the company’s stock after selling 689,100 shares during the quarter. Sigma Lithium accounts for approximately 0.2% of Maven Securities LTD’s investment portfolio, making the stock its 17th biggest position. Maven Securities LTD owned about 0.59% of Sigma Lithium worth $7,916,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Electron Capital Partners LLC bought a new position in Sigma Lithium during the 4th quarter worth $69,703,000. Fourth Sail Capital LP bought a new position in shares of Sigma Lithium in the first quarter worth $2,430,000. Van ECK Associates Corp raised its stake in Sigma Lithium by 47.0% in the first quarter. Van ECK Associates Corp now owns 1,057,916 shares of the company’s stock valued at $13,711,000 after purchasing an additional 338,380 shares in the last quarter. 1832 Asset Management L.P. raised its stake in Sigma Lithium by 43.3% in the first quarter. 1832 Asset Management L.P. now owns 382,000 shares of the company’s stock valued at $4,951,000 after purchasing an additional 115,438 shares in the last quarter. Finally, Frontier Capital Management Co. LLC lifted its position in Sigma Lithium by 26.0% during 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. 64.86% of the stock is currently owned by institutional investors and hedge funds.

Sigma Lithium Price Performance

NASDAQ SGML opened at $13.20 on Wednesday. The business has a fifty day moving average price of $10.53 and a two-hundred day moving average price of $12.81. Sigma Lithium Co. has a fifty-two week low of $8.47 and a fifty-two week high of $34.31. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.96 and a current ratio of 1.05.

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

Wall Street Analyst Weigh In

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

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.