Citigroup Inc. Sells 39,325 Shares of Li-Cycle Holdings Corp. (NYSE:LICY)

Citigroup Inc. lessened its stake in shares of Li-Cycle Holdings Corp. (NYSE:LICYFree Report) by 43.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 50,400 shares of the company’s stock after selling 39,325 shares during the period. Citigroup Inc.’s holdings in Li-Cycle were worth $179,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Clear Street Markets LLC bought a new position in shares of Li-Cycle in the fourth quarter worth about $25,000. Tower Research Capital LLC TRC boosted its stake in shares of Li-Cycle by 135.6% in the first quarter. Tower Research Capital LLC TRC now owns 5,292 shares of the company’s stock worth $30,000 after acquiring an additional 3,046 shares during the period. Palisades Hudson Asset Management L.P. bought a new position in shares of Li-Cycle in the third quarter worth about $39,000. Captrust Financial Advisors boosted its stake in shares of Li-Cycle by 38.2% in the first quarter. Captrust Financial Advisors now owns 5,750 shares of the company’s stock worth $49,000 after acquiring an additional 1,590 shares during the period. Finally, Prime Capital Investment Advisors LLC bought a new position in shares of Li-Cycle in the third quarter worth about $54,000. Institutional investors own 54.12% of the company’s stock.

Insider Activity at Li-Cycle

In related news, CFO Debbie Simpson sold 81,845 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $0.41, for a total transaction of $33,556.45. Following the completion of the transaction, the chief financial officer now directly owns 357,447 shares of the company’s stock, valued at $146,553.27. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders sold 148,359 shares of company stock valued at $63,438. Insiders own 23.90% of the company’s stock.

Li-Cycle Stock Performance

NYSE LICY opened at $1.03 on Friday. The firm has a market cap of $184.42 million, a price-to-earnings ratio of -1.34 and a beta of 0.96. The company has a quick ratio of 0.89, a current ratio of 0.95 and a debt-to-equity ratio of 0.77. The business has a 50-day moving average price of $0.58 and a 200-day moving average price of $1.28. Li-Cycle Holdings Corp. has a twelve month low of $0.35 and a twelve month high of $6.16.

About Li-Cycle

(Free Report)

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.

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Institutional Ownership by Quarter for Li-Cycle (NYSE:LICY)

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