Sigma Lithium Co. (NASDAQ:SGML) is Nucleo Capital LTDA.’s 3rd Largest Position

Nucleo Capital LTDA. reduced its stake in shares of Sigma Lithium Co. (NASDAQ:SGML) by 45.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,456,112 shares of the company’s stock after selling 1,230,019 shares during the period. Sigma Lithium makes up about 26.5% of Nucleo Capital LTDA.’s holdings, making the stock its 3rd largest position. Nucleo Capital LTDA. owned about 1.31% of Sigma Lithium worth $16,338,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Alliancebernstein L.P. lifted its position in shares of Sigma Lithium by 10.9% during the 4th quarter. Alliancebernstein L.P. now owns 17,390 shares of the company’s stock valued at $195,000 after acquiring an additional 1,710 shares during the period. U S Global Investors Inc. increased its position in shares of Sigma Lithium by 233.3% in the fourth quarter. U S Global Investors Inc. now owns 10,000 shares of the company’s stock valued at $112,000 after buying an additional 7,000 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Sigma Lithium by 8.4% during the 3rd 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 during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Sigma Lithium in the 3rd quarter valued at about $122,000. Finally, Pictet Asset Management Holding SA acquired a new stake in shares of Sigma Lithium in the fourth quarter valued at approximately $142,000. Hedge funds and other institutional investors own 64.86% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sigma Lithium Stock Performance

NASDAQ SGML opened at $11.50 on Monday. The business’s 50-day moving average price is $11.35 and its 200 day moving average price is $12.24. The company has a current ratio of 0.84, a quick ratio of 0.72 and a debt-to-equity ratio of 0.02. Sigma Lithium Co. has a twelve month low of $8.47 and a twelve month high of $19.20. The company has a market capitalization of $1.28 billion, a PE ratio of -23.96 and a beta of 0.21.

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.