BNP Paribas Asset Management UK L recently announced the acquisition of new stake in Li-Cycle Holdings Corp (NYSE:LICY). The institutional investor has increased its shareholding in the Industrials company by 22.52% to 9.1 million shares with purchase of 1.67 million shares. This fresh investment now brings its stake to 5.11% valued currently at $5.32 million. In addition, PRIMECAP Management Co. raised its holdings by 0.5 million to 3.19 million shares. And Invesco Capital Management LLC has lifted its position by 0.88% or 20766.0 shares – to 2.39 million shares.
Currently, there are 175.96M common shares owned by the public and among those 119.43M shares have been available to trade.
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Insiders at the company have transacted a total of 70 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 38 of these insider trades were purchases, accounting for 1,248,088 shares. Insider sales of the common stock occurred on 32 occasions, with total insider shares sold totaling 1,242,687 shares.
The top 3 mutual fund holders in Li-Cycle Holdings Corp are BNP Paribas Funds – Energy Transi, iShares Russell 2000 ETF, and PRIMECAP Odyssey Aggressive Growt. BNP Paribas Funds – Energy Transi owns 8.44 million shares of the company’s stock, all valued at over $4.94 million. iShares Russell 2000 ETF sold 9792.0 shares to see its total holdings shrink to 3.7 million shares valued at over $2.16 million and representing 2.08% of the shares outstanding. PRIMECAP Odyssey Aggressive Growt bought 0.45 million shares to bring its total holdings to over 3.03 million shares at a value of $1.77 million. PRIMECAP Odyssey Aggressive Growt now owns shares totaling to 1.70% of the shares outstanding.
However, the script later moved the day high at 0.4950, up 22.50%. The company’s stock has a 5-day price change of -9.32% and -79.39% over the past three months. LICY shares are trading -16.48% year to date (YTD), with the 12-month market performance down to -90.94% lower. It has a 12-month low price of $0.35 and touched a high of $6.58 over the same period. LICY has an average intraday trading volume of 6.27 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -12.09%, -34.78%, and -86.47% respectively.
Institutional ownership of Li-Cycle Holdings Corp (NYSE: LICY) shares accounts for 39.11% of the company’s 175.96M shares outstanding. Mutual fund holders own 20.10%, while other institutional holders and individual stakeholders account for 22.07% and 19.05% respectively.
It has a market capitalization of $87.06M and a beta (3y monthly) value of 1.02. The earnings-per-share (ttm) stands at -$1.35. Price movements for the stock have been influenced by the stock’s volatility, which stands at 19.16% over the week and 10.93% over the month.
Analysts forecast that Li-Cycle Holdings Corp (LICY) will achieve an EPS of -$0.2 for the current quarter, -$0.18 for the next quarter and -$0.58 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.23 while analysts give the company a high EPS estimate of -$0.13. Comparatively, EPS for the current quarter was -$0.19 a year ago. Earnings per share for the fiscal year are expected to increase by 107.00%, and 1258.57% over the next financial year.
