Sigma Lithium Corporation $SGML Stock Holdings Raised by CenterBook Partners LP

CenterBook Partners LP grew its stake in Sigma Lithium Corporation (NASDAQ:SGML) by 416.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 816,515 shares of the company’s stock after purchasing an additional 658,533 shares during the quarter. CenterBook Partners LP’s holdings in Sigma Lithium were worth $3,674,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Malaga Cove Capital LLC bought a new stake in Sigma Lithium in the second quarter valued at about $52,000. Levin Capital Strategies L.P. increased its holdings in shares of Sigma Lithium by 125.0% in the 2nd quarter. Levin Capital Strategies L.P. now owns 22,500 shares of the company’s stock valued at $101,000 after acquiring an additional 12,500 shares during the last quarter. Ascent Group LLC acquired a new stake in shares of Sigma Lithium during the 1st quarter valued at approximately $264,000. Aberdeen Group plc bought a new position in Sigma Lithium during the second quarter worth $187,000. Finally, Maven Securities LTD lifted its stake in Sigma Lithium by 185.9% during the first quarter. Maven Securities LTD now owns 42,891 shares of the company’s stock worth $446,000 after purchasing an additional 27,891 shares during the last quarter. 64.86% of the stock is currently owned by institutional investors and hedge funds.

Sigma Lithium Trading Up 4.8%

Shares of NASDAQ:SGML opened at $9.85 on Friday. The company has a market cap of $1.10 billion, a PE ratio of -31.77 and a beta of 0.08. The company’s 50-day moving average price is $6.55 and its 200 day moving average price is $6.05. Sigma Lithium Corporation has a fifty-two week low of $4.25 and a fifty-two week high of $14.69. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 1.38.

Sigma Lithium (NASDAQ:SGML) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.10) EPS for the quarter, meeting the consensus estimate of ($0.10). Sigma Lithium had a negative net margin of 24.13% and a negative return on equity of 35.97%. The company had revenue of $28.55 million for the quarter, compared to analyst estimates of $70.54 million. Sell-side analysts anticipate that Sigma Lithium Corporation will post -0.12 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Zacks Research cut shares of Sigma Lithium from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sigma Lithium in a research report on Wednesday, October 8th. Bank of America lowered shares of Sigma Lithium from a “buy” rating to a “neutral” rating and set a $7.00 price objective on the stock. in a research note on Friday, October 24th. Cormark raised shares of Sigma Lithium to a “moderate buy” rating in a report on Thursday, August 21st. Finally, Wall Street Zen lowered Sigma Lithium from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Sell” and a consensus price target of $7.00.

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.