Spire Wealth Management decreased its position in shares of Sigma Lithium Co. (NASDAQ:SGML – Free Report) by 44.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 950 shares of the company’s stock after selling 750 shares during the period. Spire Wealth Management’s holdings in Sigma Lithium were worth $31,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. bought a new position in shares of Sigma Lithium in the third quarter worth about $9,605,000. Inscription Capital LLC grew its holdings in Sigma Lithium by 26.7% during the 3rd quarter. Inscription Capital LLC now owns 9,500 shares of the company’s stock valued at $308,000 after buying an additional 2,000 shares in the last quarter. Traynor Capital Management Inc. raised its position in shares of Sigma Lithium by 19.3% during the third quarter. Traynor Capital Management Inc. now owns 30,960 shares of the company’s stock valued at $1,004,000 after buying an additional 5,000 shares during the last quarter. Capricorn Fund Managers Ltd purchased a new position in shares of Sigma Lithium in the third quarter worth $2,579,000. Finally, Perpetual Ltd boosted its position in shares of Sigma Lithium by 267.1% during the third quarter. Perpetual Ltd now owns 41,960 shares of the company’s stock worth $1,361,000 after acquiring an additional 30,530 shares during the last quarter. 19.26% of the stock is currently owned by institutional investors.
Sigma Lithium Stock Performance
Shares of SGML opened at $15.04 on Tuesday. The company’s fifty day moving average is $26.03 and its 200 day moving average is $29.15. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.32 and a current ratio of 1.54. Sigma Lithium Co. has a fifty-two week low of $12.48 and a fifty-two week high of $43.18.
Analyst Upgrades and Downgrades
Several brokerages have commented on SGML. Bank of America reiterated a “buy” rating and issued a $37.00 price target on shares of Sigma Lithium in a research note on Wednesday, December 6th. BMO Capital Markets decreased their target price on Sigma Lithium from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 23rd.
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.
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