Handelsbanken Fonder AB Purchases New Position in Sigma Lithium Co. (NASDAQ:SGML)

Handelsbanken Fonder AB acquired a new stake in shares of Sigma Lithium Co. (NASDAQ:SGML) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 14,300 shares of the company’s stock, valued at approximately $160,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Polar Asset Management Partners Inc. grew its position in Sigma Lithium by 22.0% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 246,500 shares of the company’s stock worth $3,047,000 after acquiring an additional 44,400 shares during the last quarter. State Street Corp bought a new stake in shares of Sigma Lithium during the third quarter worth approximately $1,831,000. The Manufacturers Life Insurance Company lifted its holdings in Sigma Lithium by 848.2% in the third quarter. The Manufacturers Life Insurance Company now owns 354,625 shares of the company’s stock valued at $4,388,000 after buying an additional 317,225 shares during the period. Van ECK Associates Corp boosted its stake in Sigma Lithium by 3.9% in the third quarter. Van ECK Associates Corp now owns 1,248,755 shares of the company’s stock valued at $15,435,000 after acquiring an additional 47,143 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Sigma Lithium by 8.4% during the 3rd quarter. Geode Capital Management LLC now owns 117,125 shares of the company’s stock worth $1,448,000 after acquiring an additional 9,049 shares during the period. Institutional investors and hedge funds own 64.86% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Bank of America cut their price target 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 Price Performance

Sigma Lithium stock opened at $11.11 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.72 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $1.24 billion, a P/E ratio of -23.15 and a beta of 0.22. The business has a 50-day moving average of $11.47 and a 200-day moving average of $12.06. Sigma Lithium Co. has a 1 year low of $8.47 and a 1 year high of $19.20.

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.