Bank Julius Baer & Co. Ltd Zurich Has $24.50 Million Stock Position in Sigma Lithium Co. (NASDAQ:SGML)

Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Sigma Lithium Co. (NASDAQ:SGML) by 203.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,183,675 shares of the company’s stock after buying an additional 1,464,475 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned about 1.96% of Sigma Lithium worth $24,501,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SGML. The Manufacturers Life Insurance Company lifted its holdings in shares of Sigma Lithium by 848.2% during the third quarter. The Manufacturers Life Insurance Company now owns 354,625 shares of the company’s stock worth $4,388,000 after buying an additional 317,225 shares in the last quarter. Bridgewater Associates LP acquired a new position in Sigma Lithium in the third quarter valued at about $4,584,000. Appian Way Asset Management LP raised its stake in Sigma Lithium by 57.2% in the third quarter. Appian Way Asset Management LP now owns 4,092,401 shares of the company’s stock valued at $50,582,000 after purchasing an additional 1,488,265 shares in the last quarter. Polar Asset Management Partners Inc. raised its stake in Sigma Lithium by 22.0% in the third quarter. Polar Asset Management Partners Inc. now owns 246,500 shares of the company’s stock valued at $3,047,000 after purchasing an additional 44,400 shares in the last quarter. Finally, State Street Corp acquired a new position in Sigma Lithium in the third quarter valued at about $1,831,000. Institutional investors and hedge funds own 64.86% of the company’s stock.

Sigma Lithium Stock Performance

Sigma Lithium stock opened at $11.74 on Friday. Sigma Lithium Co. has a 12-month low of $8.47 and a 12-month high of $19.20. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. The business’s 50-day moving average price is $11.51 and its two-hundred day moving average price is $12.10. The stock has a market cap of $1.31 billion, a PE ratio of -24.46 and a beta of 0.21.

Wall Street Analyst Weigh In

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

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.