Sanctuary Advisors LLC bought a new stake in Li-Cycle Holdings Corp. (NYSE:LICY – Free Report) during the second quarter, Holdings Channel reports. The fund bought 19,605 shares of the company’s stock, valued at approximately $128,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new position in shares of Li-Cycle in the 2nd quarter valued at about $68,000. Ground Swell Capital LLC purchased a new position in Li-Cycle in the second quarter valued at approximately $89,000. Sei Investments Co. purchased a new position in Li-Cycle in the second quarter valued at approximately $94,000. Catalina Capital Group LLC acquired a new position in Li-Cycle during the first quarter valued at approximately $40,000. Finally, Bleakley Financial Group LLC purchased a new stake in Li-Cycle during the first quarter worth approximately $45,000. Hedge funds and other institutional investors own 54.12% of the company’s stock.
Li-Cycle Stock Performance
Shares of LICY stock opened at $2.31 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 1.81. The company has a market cap of $51.98 million, a PE ratio of -0.25 and a beta of 1.54. The company’s fifty day simple moving average is $1.95 and its 200-day simple moving average is $3.80. Li-Cycle Holdings Corp. has a 52 week low of $1.22 and a 52 week high of $18.88.
About Li-Cycle
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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