Traynor Capital Management Inc. Sells 3,571 Shares of Sigma Lithium Co. (NASDAQ:SGML)

Traynor Capital Management Inc. trimmed its stake in shares of Sigma Lithium Co. (NASDAQ:SGML) by 11.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 27,389 shares of the company’s stock after selling 3,571 shares during the quarter. Traynor Capital Management Inc.’s holdings in Sigma Lithium were worth $864,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SGML. Activest Wealth Management acquired a new position in Sigma Lithium in the 3rd quarter worth about $35,000. Quantbot Technologies LP acquired a new position in Sigma Lithium in the 2nd quarter worth about $38,000. Tower Research Capital LLC TRC acquired a new position in Sigma Lithium in the 3rd quarter worth about $101,000. Royal Bank of Canada increased its holdings in Sigma Lithium by 51.4% in the 2nd quarter. Royal Bank of Canada now owns 4,320 shares of the company’s stock worth $174,000 after purchasing an additional 1,467 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Sigma Lithium in the 3rd quarter worth about $202,000. 64.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SGML has been the subject of a number of recent research reports. BMO Capital Markets lowered their target price on Sigma Lithium from $38.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday. Bank of America upped their target price on Sigma Lithium from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, March 18th.

Sigma Lithium Trading Up 6.6 %

Shares of SGML stock traded up $0.80 on Thursday, hitting $12.96. The company had a trading volume of 1,582,268 shares, compared to its average volume of 1,441,453. The firm has a market cap of $1.43 billion, a P/E ratio of -17.75 and a beta of 0.33. The stock’s 50-day moving average is $15.43 and its two-hundred day moving average is $24.35. 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 twelve month low of $10.46 and a twelve month high of $43.18.

Sigma Lithium 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.