Jane Street Group LLC reduced its stake in Li-Cycle Holdings Corp. (NYSE:LICY – Free Report) by 82.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 25,539 shares of the company’s stock after selling 118,161 shares during the period. Jane Street Group LLC’s holdings in Li-Cycle were worth $56,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in LICY. Green Alpha Advisors LLC increased its stake in Li-Cycle by 140.1% during the 3rd quarter. Green Alpha Advisors LLC now owns 65,874 shares of the company’s stock worth $144,000 after buying an additional 38,435 shares during the period. Sanctuary Advisors LLC purchased a new position in Li-Cycle in the second quarter worth $128,000. Townsquare Capital LLC purchased a new stake in shares of Li-Cycle in the 3rd quarter worth about $37,000. Finally, Sei Investments Co. acquired a new stake in shares of Li-Cycle during the 2nd quarter worth about $94,000. 54.12% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, UBS Group increased their target price on Li-Cycle from $2.00 to $2.25 and gave the company a “neutral” rating in a research note on Monday, November 18th.
Li-Cycle Stock Down 28.3 %
Shares of LICY stock opened at $1.09 on Thursday. The business’s fifty day moving average is $1.99 and its 200-day moving average is $2.42. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.54 and a current ratio of 0.60. The stock has a market cap of $25.31 million, a PE ratio of -0.87 and a beta of 1.44. Li-Cycle Holdings Corp. has a 1 year low of $0.92 and a 1 year high of $15.36.
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.
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