27,188 Shares in Sigma Lithium Co. (NASDAQ:SGML) Purchased by Toroso Investments LLC

Toroso Investments LLC purchased a new stake in Sigma Lithium Co. (NASDAQ:SGML) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 27,188 shares of the company’s stock, valued at approximately $1,023,000.

Several other large investors have also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. raised its holdings in shares of Sigma Lithium by 24.2% in the first quarter. B. Riley Wealth Advisors Inc. now owns 11,726 shares of the company’s stock valued at $441,000 after buying an additional 2,282 shares during the last quarter. SIR Capital Management L.P. increased its stake in shares of Sigma Lithium by 13.5% in the 1st quarter. SIR Capital Management L.P. now owns 485,846 shares of the company’s stock valued at $18,278,000 after buying an additional 57,900 shares during the period. State Street Corp acquired a new position in shares of Sigma Lithium during the first quarter valued at $1,053,000. Squarepoint Ops LLC acquired a new stake in Sigma Lithium in the first quarter worth about $212,000. Finally, Frontier Capital Management Co. LLC bought a new stake in Sigma Lithium during the 1st quarter worth about $40,117,000. 19.26% of the stock is owned by institutional investors.

Sigma Lithium Stock Performance

Shares of SGML stock opened at $38.65 on Tuesday. The stock has a 50-day moving average of $35.52 and a 200-day moving average of $36.83. Sigma Lithium Co. has a one year low of $23.77 and a one year high of $43.18. The stock has a market cap of $4.23 billion, a PE ratio of -33.03 and a beta of 0.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.16 and a quick ratio of 0.85.

Sigma Lithium (NASDAQ:SGML) last announced its quarterly earnings results on Thursday, August 10th. The company reported ($0.22) earnings per share for the quarter. As a group, sell-side analysts expect that Sigma Lithium Co. will post 2.74 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SGML shares. Bank of America lowered their price target on shares of Sigma Lithium from $44.00 to $42.00 in a research report on Sunday, September 3rd. BMO Capital Markets lowered their target price on shares of Sigma Lithium from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Wednesday, September 6th.

Sigma Lithium Company 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.