Green Alpha Advisors LLC Purchases 38,435 Shares of Li-Cycle Holdings Corp. (NYSE:LICY)

Green Alpha Advisors LLC lifted its position in shares of Li-Cycle Holdings Corp. (NYSE:LICY) by 140.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 65,874 shares of the company’s stock after acquiring an additional 38,435 shares during the period. Green Alpha Advisors LLC’s holdings in Li-Cycle were worth $144,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new position in shares of Li-Cycle during the second quarter valued at approximately $68,000. Ground Swell Capital LLC bought a new position in Li-Cycle during the 2nd quarter valued at approximately $89,000. Sei Investments Co. purchased a new position in Li-Cycle during the second quarter valued at $94,000. Sanctuary Advisors LLC bought a new stake in Li-Cycle in the second quarter worth $128,000. Finally, Catalina Capital Group LLC purchased a new stake in shares of Li-Cycle in the first quarter worth $40,000. 54.12% of the stock is owned by hedge funds and other institutional investors.

Li-Cycle Price Performance

LICY opened at $2.35 on Tuesday. The firm has a market cap of $52.60 million, a PE ratio of -0.23 and a beta of 1.54. The stock has a 50-day moving average price of $2.13 and a 200-day moving average price of $4.25. Li-Cycle Holdings Corp. has a 1 year low of $1.22 and a 1 year high of $27.32. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.75 and a quick ratio of 0.68.

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

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.