Aberdeen Group plc Buys New Shares in Sigma Lithium Corporation $SGML

Aberdeen Group plc purchased a new stake in Sigma Lithium Corporation (NASDAQ:SGML) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 41,517 shares of the company’s stock, valued at approximately $187,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SGML. Wealth Enhancement Advisory Services LLC raised its position in shares of Sigma Lithium by 67.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 74,425 shares of the company’s stock valued at $774,000 after buying an additional 30,075 shares during the last quarter. Amundi bought a new position in Sigma Lithium during the first quarter valued at about $2,478,000. Woodline Partners LP raised its holdings in Sigma Lithium by 65.6% in the 1st quarter. Woodline Partners LP now owns 2,678,444 shares of the company’s stock valued at $27,856,000 after acquiring an additional 1,060,771 shares in the last quarter. Nuveen LLC acquired a new position in Sigma Lithium in the 1st quarter valued at approximately $550,000. Finally, American Century Companies Inc. lifted its position in shares of Sigma Lithium by 133.1% in the 1st quarter. American Century Companies Inc. now owns 84,723 shares of the company’s stock worth $881,000 after acquiring an additional 48,381 shares during the period. 64.86% of the stock is currently owned by institutional investors and hedge funds.

Sigma Lithium Stock Down 8.4%

NASDAQ SGML opened at $6.21 on Friday. The stock’s 50 day simple moving average is $6.38 and its 200 day simple moving average is $6.32. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.60 and a quick ratio of 0.39. Sigma Lithium Corporation has a one year low of $4.25 and a one year high of $15.56. The firm has a market cap of $691.55 million, a PE ratio of -14.11 and a beta of 0.08.

Sigma Lithium (NASDAQ:SGML) last announced its earnings results on Thursday, August 14th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.14). Sigma Lithium had a negative return on equity of 47.19% and a negative net margin of 35.69%.The business had revenue of $16.89 million for the quarter, compared to the consensus estimate of $50.44 million. As a group, sell-side analysts forecast that Sigma Lithium Corporation will post -0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SGML. Bank of America lowered their price objective on Sigma Lithium from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. Wall Street Zen lowered shares of Sigma Lithium from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Sigma Lithium in a research note on Wednesday, October 8th. Finally, Cormark upgraded shares of Sigma Lithium to a “moderate buy” rating in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $10.00.

Sigma Lithium Company 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.