SG Americas Securities LLC Has $856,000 Stock Position in Sigma Lithium Co. (NASDAQ:SGML)

SG Americas Securities LLC lessened its stake in Sigma Lithium Co. (NASDAQ:SGML) by 32.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,263 shares of the company’s stock after selling 35,979 shares during the quarter. SG Americas Securities LLC owned 0.07% of Sigma Lithium worth $856,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Appian Way Asset Management LP boosted its position in shares of Sigma Lithium by 57.2% during the third quarter. Appian Way Asset Management LP now owns 4,092,401 shares of the company’s stock worth $50,582,000 after buying an additional 1,488,265 shares during the period. Bridgewater Associates LP acquired a new stake in Sigma Lithium in the 3rd quarter valued at $4,584,000. The Manufacturers Life Insurance Company lifted its position in Sigma Lithium by 848.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 354,625 shares of the company’s stock worth $4,388,000 after buying an additional 317,225 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Sigma Lithium by 16.9% during the 2nd quarter. Millennium Management LLC now owns 1,243,579 shares of the company’s stock worth $14,960,000 after buying an additional 179,355 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in shares of Sigma Lithium by 18.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,144,492 shares of the company’s stock valued at $13,768,000 after acquiring an additional 174,992 shares in the last quarter. Institutional investors and hedge funds own 64.86% of the company’s stock.

Analyst Upgrades and Downgrades

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 Stock Performance

Sigma Lithium stock opened at $10.89 on Wednesday. The stock has a market cap of $1.21 billion, a PE ratio of -22.69 and a beta of 0.23. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. Sigma Lithium Co. has a 12-month low of $8.47 and a 12-month high of $23.00. The business’s 50-day moving average price is $12.16 and its two-hundred day moving average price is $11.97.

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.