Sigma Lithium Co. (NASDAQ:SGML) is Nucleo Capital LTDA.’s 2nd Largest Position

Nucleo Capital LTDA. lessened its holdings in shares of Sigma Lithium Co. (NASDAQ:SGML) by 8.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,517,168 shares of the company’s stock after selling 321,038 shares during the quarter. Sigma Lithium accounts for about 35.3% of Nucleo Capital LTDA.’s investment portfolio, making the stock its 2nd largest holding. Nucleo Capital LTDA. owned approximately 3.17% of Sigma Lithium worth $42,312,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Separately, BMO Capital Markets dropped 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 Stock Up 0.6 %

NASDAQ:SGML opened at $11.41 on Friday. 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 stock has a 50 day moving average of $10.53 and a 200-day moving average of $12.92. The firm has a market capitalization of $1.26 billion, a PE ratio of -87.77 and a beta of 0.16. Sigma Lithium Co. has a 52 week low of $8.47 and a 52 week high of $36.50.

Sigma Lithium (NASDAQ:SGML) last released its quarterly earnings data on Thursday, August 15th. The company reported ($0.10) earnings per share (EPS) 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 company had revenue of $45.94 million for the quarter, compared to analyst estimates of $69.70 million. Analysts predict that Sigma Lithium Co. will post 0.04 EPS for the current 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.