Skandinaviska Enskilda Banken AB publ trimmed its holdings in Sigma Lithium Co. (NASDAQ:SGML – Free Report) by 30.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 62,692 shares of the company’s stock after selling 27,436 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Sigma Lithium were worth $693,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in shares of Sigma Lithium by 848.2% in the third quarter. The Manufacturers Life Insurance Company now owns 354,625 shares of the company’s stock worth $4,388,000 after buying an additional 317,225 shares during the last quarter. Bridgewater Associates LP acquired a new position in Sigma Lithium in the third quarter valued at approximately $4,584,000. Appian Way Asset Management LP boosted its position in Sigma Lithium by 57.2% in the 3rd quarter. Appian Way Asset Management LP now owns 4,092,401 shares of the company’s stock worth $50,582,000 after purchasing an additional 1,488,265 shares in the last quarter. Polar Asset Management Partners Inc. boosted its position in Sigma Lithium by 22.0% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 246,500 shares of the company’s stock worth $3,047,000 after purchasing an additional 44,400 shares in the last quarter. Finally, State Street Corp acquired a new stake in shares of Sigma Lithium during the 3rd quarter worth approximately $1,831,000. 64.86% of the stock is owned by institutional investors and hedge funds.
Sigma Lithium Price Performance
NASDAQ:SGML opened at $12.14 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. Sigma Lithium Co. has a 52 week low of $8.47 and a 52 week high of $19.20. The stock’s 50-day moving average price is $11.42 and its 200-day moving average price is $12.12. The stock has a market capitalization of $1.35 billion, a PE ratio of -25.29 and a beta of 0.21.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on SGML
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.
Further Reading
- Five stocks we like better than Sigma Lithium
- Why Invest in 5G? How to Invest in 5G Stocks
- Can TikTok Stock Picks Really Make You Rich?
- The How And Why of Investing in Oil Stocks
- The “Quality” Rotation: Back to Basics Investing
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- Occidental Petroleum: 4 Reasons to Love These Prices
Want to see what other hedge funds are holding SGML? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sigma Lithium Co. (NASDAQ:SGML – Free Report).
Receive News & Ratings for Sigma Lithium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sigma Lithium and related companies with MarketBeat.com's FREE daily email newsletter.