SG Americas Securities LLC Has $1.05 Million Stake in Li-Cycle Holdings Corp. (NYSE:LICY)

SG Americas Securities LLC decreased its position in shares of Li-Cycle Holdings Corp. (NYSE:LICY – Get Rating) by 13.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 197,765 shares of the company’s stock after selling 31,057 shares during the period. SG Americas Securities LLC owned about 0.11% of Li-Cycle worth $1,052,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of LICY. Nisa Investment Advisors LLC bought a new stake in shares of Li-Cycle during the second quarter valued at approximately $47,000. Captrust Financial Advisors grew its stake in shares of Li-Cycle by 38.2% during the first quarter. Captrust Financial Advisors now owns 5,750 shares of the company’s stock valued at $49,000 after purchasing an additional 1,590 shares during the last quarter. Destiny Wealth Partners LLC bought a new stake in shares of Li-Cycle during the third quarter valued at approximately $53,000. Gitterman Wealth Management LLC bought a new stake in shares of Li-Cycle during the third quarter valued at approximately $55,000. Finally, Private Advisor Group LLC bought a new position in Li-Cycle in the second quarter valued at approximately $82,000. Institutional investors and hedge funds own 37.92% of the company’s stock.

Li-Cycle Trading Down 3.8 %

Shares of NYSE LICY opened at $5.64 on Thursday. The company’s fifty day moving average is $5.52 and its 200-day moving average is $6.12. The stock has a market cap of $989.43 million, a price-to-earnings ratio of -3.97 and a beta of 1.19. Li-Cycle Holdings Corp. has a twelve month low of $4.48 and a twelve month high of $9.48. The company has a quick ratio of 17.12, a current ratio of 17.25 and a debt-to-equity ratio of 0.54.

Analyst Ratings Changes

A number of equities analysts have issued reports on LICY shares. Morgan Stanley reduced their price objective on shares of Li-Cycle from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Friday, September 30th. Citigroup reduced their price objective on shares of Li-Cycle from $8.00 to $7.50 and set a “buy” rating on the stock in a research note on Thursday, December 15th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.44.

Li-Cycle Company Profile

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Li-Cycle Holdings Corp. engages in the lithium-ion battery resource recovery and lithium-ion battery recycling business in North America. The company offers a mix of cathode and anode battery materials, including lithium, nickel, and cobalt, as well as graphite, copper, and aluminum; and copper and aluminum metals.