133,927 Shares in Li-Cycle Holdings Corp. (NYSE:LICY) Bought by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in shares of Li-Cycle Holdings Corp. (NYSE:LICY) during the 4th quarter, HoldingsChannel reports. The firm bought 133,927 shares of the company’s stock, valued at approximately $78,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its stake in Li-Cycle by 215.7% during the 3rd quarter. Hsbc Holdings PLC now owns 47,525 shares of the company’s stock worth $168,000 after buying an additional 32,471 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Li-Cycle during the 3rd quarter worth $109,000. Jump Financial LLC purchased a new position in Li-Cycle during the 3rd quarter worth $109,000. B. Riley Wealth Advisors Inc. grew its stake in Li-Cycle by 149.9% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 99,700 shares of the company’s stock worth $354,000 after buying an additional 59,800 shares during the last quarter. Finally, Primecap Management Co. CA grew its stake in Li-Cycle by 18.4% during the 3rd quarter. Primecap Management Co. CA now owns 3,189,400 shares of the company’s stock worth $11,322,000 after buying an additional 496,300 shares during the last quarter. 54.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Chardan Capital reiterated a “neutral” rating and set a $0.75 price target on shares of Li-Cycle in a research note on Friday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $5.25.

Insider Transactions at Li-Cycle

In other news, CFO Debbie Simpson sold 81,845 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $0.41, for a total value of $33,556.45. Following the sale, the chief financial officer now owns 357,447 shares in the company, valued at $146,553.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 148,359 shares of company stock worth $63,438 over the last quarter. 23.90% of the stock is currently owned by insiders.

Li-Cycle Stock Down 4.7 %

Li-Cycle stock opened at $0.67 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.89 and a current ratio of 0.95. The business’s 50-day simple moving average is $0.73 and its two-hundred day simple moving average is $0.94. The company has a market cap of $119.50 million, a PE ratio of -0.87 and a beta of 1.37. Li-Cycle Holdings Corp. has a fifty-two week low of $0.35 and a fifty-two week high of $6.16.

Li-Cycle (NYSE:LICY) last issued its earnings results on Friday, March 15th. The company reported $0.38 EPS for the quarter. Li-Cycle had a negative return on equity of 13.33% and a negative net margin of 754.10%. The firm had revenue of $6.40 million for the quarter, compared to the consensus estimate of $3.53 million.

Li-Cycle Profile

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.