Thomist Capital Management LP Trims Holdings in Sigma Lithium Co. (NASDAQ:SGML)

Thomist Capital Management LP lowered its position in shares of Sigma Lithium Co. (NASDAQ:SGML) by 75.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 70,000 shares of the company’s stock after selling 215,381 shares during the period. Thomist Capital Management LP’s holdings in Sigma Lithium were worth $773,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Point72 Asset Management L.P. increased its stake in shares of Sigma Lithium by 349.0% during the fourth quarter. Point72 Asset Management L.P. now owns 405,274 shares of the company’s stock valued at $4,547,000 after buying an additional 315,008 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Sigma Lithium by 1.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,254,882 shares of the company’s stock valued at $14,127,000 after buying an additional 22,828 shares during the period. Lighthouse Investment Partners LLC increased its stake in shares of Sigma Lithium by 78.7% during the fourth quarter. Lighthouse Investment Partners LLC now owns 247,576 shares of the company’s stock valued at $2,778,000 after buying an additional 109,064 shares during the period. Interval Partners LP purchased a new position in shares of Sigma Lithium during the fourth quarter valued at $279,000. Finally, Janus Henderson Group PLC purchased a new position in shares of Sigma Lithium during the fourth quarter valued at $3,337,000. Hedge funds and other institutional investors own 64.86% of the company’s stock.

Sigma Lithium Price Performance

SGML opened at $6.58 on Friday. The business’s 50-day moving average is $8.89 and its two-hundred day moving average is $10.97. Sigma Lithium Co. has a 1 year low of $6.47 and a 1 year high of $19.20. 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 firm has a market capitalization of $732.22 million, a PE ratio of -13.71 and a beta of 0.30.

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

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.