Polar Asset Management Partners Inc. Purchases 44,400 Shares of Sigma Lithium Co. (NASDAQ:SGML)

Polar Asset Management Partners Inc. boosted its position in Sigma Lithium Co. (NASDAQ:SGML) by 22.0% during the third quarter, Holdings Channel reports. The fund owned 246,500 shares of the company’s stock after acquiring an additional 44,400 shares during the period. Polar Asset Management Partners Inc.’s holdings in Sigma Lithium were worth $3,047,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Tidal Investments LLC grew its stake in shares of Sigma Lithium by 65.9% during the first quarter. Tidal Investments LLC now owns 44,241 shares of the company’s stock valued at $573,000 after buying an additional 17,566 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Sigma Lithium during the second quarter valued at about $672,000. Van ECK Associates Corp grew its stake in shares of Sigma Lithium by 13.6% during the second quarter. Van ECK Associates Corp now owns 1,201,612 shares of the company’s stock valued at $14,455,000 after buying an additional 143,696 shares during the last quarter. CQS US LLC grew its stake in shares of Sigma Lithium by 72.0% during the second quarter. CQS US LLC now owns 215,000 shares of the company’s stock valued at $2,586,000 after buying an additional 90,000 shares during the last quarter. Finally, Fourth Sail Capital LP grew its stake in shares of Sigma Lithium by 1,572.2% during the second quarter. Fourth Sail Capital LP now owns 3,134,797 shares of the company’s stock valued at $37,712,000 after buying an additional 2,947,331 shares during the last quarter. Institutional investors own 64.86% of the company’s stock.

Sigma Lithium Stock Down 3.9 %

Sigma Lithium stock opened at $12.66 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.72 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average of $13.61 and a 200-day moving average of $12.52. Sigma Lithium Co. has a 1-year low of $8.47 and a 1-year high of $34.31.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reduced their price objective on Sigma Lithium from $25.00 to $20.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th.

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.