12,989 Shares in Sigma Lithium Co. (NASDAQ:SGML) Purchased by Citigroup Inc.

Citigroup Inc. bought a new position in shares of Sigma Lithium Co. (NASDAQ:SGMLFree Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,989 shares of the company’s stock, valued at approximately $423,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Activest Wealth Management purchased a new position in Sigma Lithium during the third quarter valued at approximately $35,000. Quantbot Technologies LP purchased a new stake in shares of Sigma Lithium in the second quarter valued at approximately $38,000. Tower Research Capital LLC TRC purchased a new stake in shares of Sigma Lithium in the third quarter valued at approximately $101,000. Royal Bank of Canada increased its position in shares of Sigma Lithium by 51.4% in the second quarter. Royal Bank of Canada now owns 4,320 shares of the company’s stock valued at $174,000 after buying an additional 1,467 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Sigma Lithium in the third quarter valued at approximately $202,000. Institutional investors and hedge funds own 19.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on SGML. BMO Capital Markets cut their price objective on Sigma Lithium from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, January 23rd. Bank of America boosted their price objective on Sigma Lithium from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, March 18th.

Read Our Latest Analysis on SGML

Sigma Lithium Stock Down 5.6 %

Shares of SGML opened at $11.88 on Monday. 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 one year low of $10.46 and a one year high of $43.18. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -16.27 and a beta of 0.33. The stock has a 50 day moving average price of $16.52 and a 200 day moving average price of $24.80.

About Sigma Lithium

(Free Report)

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.

Read More

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:SGMLFree Report).

Institutional Ownership by Quarter for Sigma Lithium (NASDAQ:SGML)

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.