Frontier Capital Management Co. LLC Buys 48,852 Shares of Sigma Lithium Co. (NASDAQ:SGML)

Frontier Capital Management Co. LLC lifted its position in Sigma Lithium Co. (NASDAQ:SGML) by 18.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 307,512 shares of the company’s stock after purchasing an additional 48,852 shares during the quarter. Frontier Capital Management Co. LLC’s holdings in Sigma Lithium were worth $3,450,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SGML. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of Sigma Lithium by 203.6% during the 4th 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 in the last quarter. Norges Bank bought a new stake in Sigma Lithium in the fourth quarter worth $28,050,000. American Century Companies Inc. purchased a new stake in Sigma Lithium during the fourth quarter valued at $408,000. Adage Capital Partners GP L.L.C. lifted its position in Sigma Lithium by 320.0% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 225,000 shares of the company’s stock valued at $2,524,000 after purchasing an additional 171,425 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Sigma Lithium by 13,614.9% in the 4th quarter. JPMorgan Chase & Co. now owns 33,053 shares of the company’s stock worth $371,000 after buying an additional 32,812 shares in the last quarter. 64.86% of the stock is currently owned by hedge funds and other institutional investors.

Sigma Lithium Price Performance

NASDAQ:SGML opened at $7.25 on Friday. The firm has a market capitalization of $806.78 million, a price-to-earnings ratio of -15.10 and a beta of 0.30. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.72. The business has a 50 day simple moving average of $9.32 and a 200-day simple moving average of $11.24. Sigma Lithium Co. has a 1 year low of $6.76 and a 1 year high of $19.20.

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

Wall Street Analyst Weigh In

Separately, Bank of America decreased their target price on shares of Sigma Lithium from $25.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th.

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.