Jane Street Group LLC Sells 118,161 Shares of Li-Cycle Holdings Corp. (NYSE:LICY)

Jane Street Group LLC cut its holdings in shares of Li-Cycle Holdings Corp. (NYSE:LICY) by 82.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,539 shares of the company’s stock after selling 118,161 shares during the period. Jane Street Group LLC owned 0.11% of Li-Cycle worth $56,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LICY. Sei Investments Co. purchased a new position in shares of Li-Cycle in the second quarter worth approximately $94,000. Townsquare Capital LLC purchased a new stake in Li-Cycle in the 3rd quarter worth about $37,000. Sanctuary Advisors LLC purchased a new position in Li-Cycle in the 2nd quarter worth about $128,000. Finally, Green Alpha Advisors LLC grew its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 54.12% of the company’s stock.

Li-Cycle Stock Performance

Shares of LICY stock opened at $1.09 on Thursday. The stock has a market cap of $25.31 million, a PE ratio of -0.87 and a beta of 1.44. The company has a quick ratio of 0.54, a current ratio of 0.60 and a debt-to-equity ratio of 1.16. The business has a 50-day simple moving average of $1.99 and a 200-day simple moving average of $2.42. Li-Cycle Holdings Corp. has a 52-week low of $0.92 and a 52-week high of $15.36.

Analyst Ratings Changes

Separately, UBS Group boosted their price objective on shares of Li-Cycle from $2.00 to $2.25 and gave the stock a “neutral” rating in a research note on Monday, November 18th.

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.