Electron Capital Partners LLC Cuts Holdings in Sigma Lithium Co. (NASDAQ:SGML)

Electron Capital Partners LLC trimmed its holdings in shares of Sigma Lithium Co. (NASDAQ:SGML) by 12.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,240,701 shares of the company’s stock after selling 180,105 shares during the quarter. Sigma Lithium accounts for about 0.7% of Electron Capital Partners LLC’s portfolio, making the stock its 23rd largest position. Electron Capital Partners LLC owned approximately 1.12% of Sigma Lithium worth $13,921,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SGML. Norges Bank acquired a new position in Sigma Lithium during the fourth quarter worth about $28,050,000. Bank Julius Baer & Co. Ltd Zurich grew its holdings in Sigma Lithium by 203.6% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,183,675 shares of the company’s stock worth $24,501,000 after acquiring an additional 1,464,475 shares during the period. Invesco Ltd. boosted its position in shares of Sigma Lithium by 171.3% in the 4th quarter. Invesco Ltd. now owns 1,088,992 shares of the company’s stock worth $12,218,000 after buying an additional 687,639 shares in the last quarter. Decade Renewable Partners LP raised its position in shares of Sigma Lithium by 10.3% in the fourth quarter. Decade Renewable Partners LP now owns 861,861 shares of the company’s stock valued at $9,670,000 after buying an additional 80,565 shares during the last quarter. Finally, Bridgewater Associates LP boosted its holdings in shares of Sigma Lithium by 41.5% in the 4th quarter. Bridgewater Associates LP now owns 524,713 shares of the company’s stock valued at $5,887,000 after purchasing an additional 153,848 shares during the last quarter. 64.86% of the stock is currently owned by institutional investors and hedge funds.

Sigma Lithium Trading Down 0.5 %

Sigma Lithium stock opened at $8.20 on Tuesday. The business’s 50-day simple moving average is $10.00 and its 200-day simple moving average is $11.58. Sigma Lithium Co. has a 52 week low of $6.76 and a 52 week high of $19.20. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.72 and a current ratio of 0.84. The firm has a market capitalization of $912.50 million, a PE ratio of -17.08 and a beta of 0.26.

Sigma Lithium (NASDAQ:SGML) last posted its quarterly earnings results on Monday, March 31st. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.14). The business had revenue of $46.70 million for the quarter, compared to the consensus estimate of $71.77 million. Sigma Lithium had a negative return on equity of 38.04% and a negative net margin of 36.85%. Equities research analysts forecast that Sigma Lithium Co. will post -0.12 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Bank of America lowered their price objective on Sigma Lithium from $25.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday, January 14th.

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.