PRIMECAP Management Co. has recently announced that it has increased stake in Li-Cycle Holdings Corp (NYSE:LICY) by 18.43%. After grabbing 3.19 million shares, the institutional investor is now in possession of 0.5 million shares of the Industrials Company. The new investment brought the stake of investor firm to 1.79% having worth around $4.27 million. Moreover, Invesco Capital Management LLC increased its share by 20766.0 to have a control over 2.39 million shares. And SSgA Funds Management, Inc. raised its holdings to 70855.0 shares by acquiring 2.21 million shares or 1.24% of the stake.
Li-Cycle Holdings Corp (LICY) concluded trading on 12/14/23 at a closing price of $0.71, with 4.57 million shares of worth about $3.24 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -87.59% during that period and on Thursday the price saw a loss of about -5.40%. Currently the company’s common shares owned by public are about 175.96M shares, out of which, 121.55M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 72 times over the past 12 months. They bought 1,254,401 shares in 39 of the transactions. In 33 selling transactions, insiders dumped 1,245,012 shares.
BNP Paribas Funds – Energy Transi, iShares Russell 2000 ETF, and PRIMECAP Odyssey Aggressive Growt are the top 3 mutual funds which are holding stakes in Li-Cycle Holdings Corp BNP Paribas Funds – Energy Transi is currently holding 9.43 million shares of worth totaling $12.64 million. The company recently came buying 2.59 million shares which brought its stake up to 5.30% of the company’s outstanding shares. iShares Russell 2000 ETF sold 32096.0 shares, after which its hold over company’s outstanding shares shrunk to 1.79%, leaving 3.19 million shares with the mutual fund that have a worth of about $4.28 million. PRIMECAP Odyssey Aggressive Growt, after buying 2.58 million shares, have now control over 1.45% of the stake in the company. It holds 0.45 million shares of worth $3.46 million.
However, the stock later moved at a day high price of 0.7955, or with a loss of -5.40%. Stock saw a price change of -5.33% in past 5 days and over the past one month there was a price change of 7.62%. Year-to-date (YTD), LICY shares are showing a performance of -85.08% which decreased to -86.90% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.50 but also hit the highest price of $6.58 during that period. The average intraday trading volume for Li-Cycle Holdings Corp shares is 5.02 million. The stock is currently trading -3.33% below its 20-day simple moving average (SMA20), while that difference is down -53.17% for SMA50 and it goes to -83.01% lower than SMA200.
PRIMECAP Management Co. acquired 3.19 million shares of Li-Cycle Holdings Corp having value of about $4.27 million. Data submitted at the U.S SEC by PRIMECAP Management Co. revealed that the firm now holds 0.5 million shares in the company valued at close to $352373.0, or have control over 18.43% stake in the company. Li-Cycle Holdings Corp (NYSE: LICY) currently have 175.96M outstanding shares and institutions hold larger chunk of about 38.86% of that. Holding of mutual funds in the company is about 17.07% while other institutional holders and individual stake holders have control over 22.00% and — of the stake respectively.
The stock has a current market capitalization of $126.56M and its 3Y-monthly beta is at 1.14. It has posted earnings per share of -$1.35 in the same period. It has Quick Ratio of 1.86 while making debt-to-equity ratio of 1.17. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LICY, volatility over the week remained 9.78% while standing at 12.93% over the month.
Analysts are in expectations that Li-Cycle Holdings Corp (LICY) stock would likely to be making an EPS of -$0.2 in the current quarter, while forecast for next quarter EPS is -$0.18 and it is -$0.66 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.25 which is -$0.13 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.19 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 107.00% while it is estimated to increase by 1258.57% in next year.
