Li-Cycle Holdings Corp. (NYSE:LICY) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC lowered its stake in Li-Cycle Holdings Corp. (NYSE:LICY) by 44.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,318 shares of the company’s stock after selling 8,321 shares during the quarter. AQR Capital Management LLC’s holdings in Li-Cycle were worth $67,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new stake in Li-Cycle during the 2nd quarter worth $68,000. Ground Swell Capital LLC acquired a new stake in Li-Cycle during the 2nd quarter worth $89,000. Sei Investments Co. acquired a new stake in Li-Cycle during the 2nd quarter worth $94,000. Catalina Capital Group LLC acquired a new stake in Li-Cycle during the 1st quarter worth $40,000. Finally, Bleakley Financial Group LLC acquired a new stake in Li-Cycle during the 1st quarter worth $45,000. Institutional investors and hedge funds own 54.12% of the company’s stock.

Li-Cycle Trading Up 0.9 %

Shares of LICY opened at $2.29 on Friday. Li-Cycle Holdings Corp. has a 52-week low of $1.22 and a 52-week high of $19.68. The company has a quick ratio of 0.68, a current ratio of 0.75 and a debt-to-equity ratio of 1.81. The firm’s fifty day moving average is $1.96 and its two-hundred day moving average is $3.89. The stock has a market cap of $51.53 million, a PE ratio of -0.25 and a beta of 1.54.

Li-Cycle (NYSE:LICY) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.36) earnings per share for the quarter. The firm had revenue of $8.40 million for the quarter, compared to analyst estimates of $4.28 million. Li-Cycle had a negative net margin of 878.90% and a negative return on equity of 42.36%.

Li-Cycle Company 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.