Sigma Lithium Co. (NASDAQ:SGML) Shares Bought by Bridgewater Associates LP

Bridgewater Associates LP lifted its position in shares of Sigma Lithium Co. (NASDAQ:SGML) by 41.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 524,713 shares of the company’s stock after purchasing an additional 153,848 shares during the period. Bridgewater Associates LP owned about 0.47% of Sigma Lithium worth $5,887,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp acquired a new stake in Sigma Lithium during the 3rd quarter valued at approximately $1,831,000. Public Employees Retirement System of Ohio purchased a new position in shares of Sigma Lithium during the 3rd quarter valued at approximately $122,000. Geode Capital Management LLC grew its position in shares of Sigma Lithium by 8.4% during the third quarter. Geode Capital Management LLC now owns 117,125 shares of the company’s stock worth $1,448,000 after buying an additional 9,049 shares in the last quarter. Tidal Investments LLC increased its stake in shares of Sigma Lithium by 43.4% in the third quarter. Tidal Investments LLC now owns 63,422 shares of the company’s stock worth $784,000 after buying an additional 19,193 shares during the last quarter. Finally, Handelsbanken Fonder AB acquired a new stake in Sigma Lithium in the fourth quarter valued at $160,000. 64.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Sigma Lithium Trading Down 7.6 %

NASDAQ:SGML opened at $7.14 on Friday. Sigma Lithium Co. has a 52 week low of $6.77 and a 52 week high of $19.20. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. The company has a market cap of $794.53 million, a PE ratio of -14.87 and a beta of 0.26. The business’s 50 day moving average is $10.48 and its two-hundred day moving average is $11.87.

Sigma Lithium (NASDAQ:SGML) last posted 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). The business had revenue of $46.70 million during 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%. On average, analysts predict that Sigma Lithium Co. will post -0.12 EPS for the current year.

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.