XTX Topco Ltd Cuts Stock Position in Sigma Lithium Co. (NASDAQ:SGML)

XTX Topco Ltd trimmed its stake in shares of Sigma Lithium Co. (NASDAQ:SGML) by 52.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,023 shares of the company’s stock after selling 18,652 shares during the period. XTX Topco Ltd’s holdings in Sigma Lithium were worth $205,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings 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 boosted its stake in shares of Sigma Lithium by 65.9% in the first 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 last quarter. Cantor Fitzgerald L. P. purchased a new stake in shares of Sigma Lithium during the fourth quarter worth approximately $1,548,000. SG Americas Securities LLC acquired a new position in Sigma Lithium in the 2nd quarter valued at $672,000. Finally, Bardin Hill Management Partners LP purchased a new position in Sigma Lithium in the 4th quarter valued at $1,949,000. Institutional investors and hedge funds own 64.86% of the company’s stock.

Analysts Set New Price Targets

Separately, BMO Capital Markets reduced their target price 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 0.6 %

Shares of Sigma Lithium stock opened at $12.64 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.05 and a quick ratio of 0.96. The stock’s 50 day simple moving average is $10.53 and its 200-day simple moving average is $12.84. The stock has a market cap of $1.40 billion, a P/E ratio of -97.23 and a beta of 0.16. Sigma Lithium Co. has a 1-year low of $8.47 and a 1-year high of $34.31.

Sigma Lithium (NASDAQ:SGML) last released 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 return on equity of 6.18% and a net margin of 4.28%. 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 fiscal 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.