Raymond James & Associates Sells 3,466 Shares of Sigma Lithium Co. (NASDAQ:SGML)

Raymond James & Associates decreased its position in shares of Sigma Lithium Co. (NASDAQ:SGML) by 21.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,956 shares of the company’s stock after selling 3,466 shares during the period. Raymond James & Associates’ holdings in Sigma Lithium were worth $409,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Alps Advisors Inc. lifted its holdings in shares of Sigma Lithium by 54.7% during the third quarter. Alps Advisors Inc. now owns 8,778 shares of the company’s stock worth $285,000 after buying an additional 3,104 shares in the last quarter. Citigroup Inc. acquired a new stake in shares of Sigma Lithium during the third quarter worth $423,000. Capricorn Fund Managers Ltd lifted its holdings in shares of Sigma Lithium by 5.4% during the fourth quarter. Capricorn Fund Managers Ltd now owns 83,800 shares of the company’s stock worth $2,642,000 after buying an additional 4,300 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Sigma Lithium during the third quarter worth $3,484,000. Finally, Old West Investment Management LLC lifted its holdings in shares of Sigma Lithium by 1,053.8% during the third quarter. Old West Investment Management LLC now owns 150,000 shares of the company’s stock worth $4,866,000 after buying an additional 137,000 shares in the last quarter. Institutional investors and hedge funds own 64.86% of the company’s stock.

Sigma Lithium Stock Up 2.0 %

Shares of NASDAQ SGML opened at $14.33 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.32 and a current ratio of 1.54. Sigma Lithium Co. has a 52 week low of $10.46 and a 52 week high of $43.18. The stock has a market capitalization of $1.58 billion, a P/E ratio of -19.63 and a beta of 0.29. The stock’s fifty day moving average is $13.75 and its 200 day moving average is $21.52.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SGML. BMO Capital Markets dropped their target price on Sigma Lithium from $38.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, March 27th. Bank of America raised their price target on Sigma Lithium from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, March 18th.

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.