Charles Schwab Investment Management Inc. grew its holdings in shares of PureCycle Technologies, Inc. (NASDAQ:PCT - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,137,300 shares of the company's stock after buying an additional 37,019 shares during the period. Charles Schwab Investment Management Inc. owned 0.66% of PureCycle Technologies worth $11,657,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Sylebra Capital LLC raised its position in shares of PureCycle Technologies by 14.6% during the 3rd quarter. Sylebra Capital LLC now owns 33,457,649 shares of the company's stock worth $317,848,000 after buying an additional 4,264,393 shares in the last quarter. Harvard Management Co. Inc. lifted its position in PureCycle Technologies by 249.7% in the third quarter. Harvard Management Co. Inc. now owns 2,498,170 shares of the company's stock worth $23,733,000 after purchasing an additional 1,783,885 shares during the period. Appian Way Asset Management LP boosted its stake in PureCycle Technologies by 12.9% during the 3rd quarter. Appian Way Asset Management LP now owns 5,674,168 shares of the company's stock valued at $53,905,000 after purchasing an additional 650,426 shares in the last quarter. Drive Wealth Management LLC increased its position in shares of PureCycle Technologies by 767.7% during the 4th quarter. Drive Wealth Management LLC now owns 308,027 shares of the company's stock valued at $3,157,000 after purchasing an additional 272,527 shares during the period. Finally, Gladstone Institutional Advisory LLC raised its stake in shares of PureCycle Technologies by 3.7% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 3,462,652 shares of the company's stock worth $35,492,000 after buying an additional 122,700 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at PureCycle Technologies
In related news, major shareholder Sylebra Capital Llc purchased 619,925 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The shares were purchased at an average price of $8.06 per share, with a total value of $4,996,595.50. Following the purchase, the insider now owns 34,077,574 shares of the company's stock, valued at $274,665,246.44. This trade represents a 1.85 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 11.44% of the stock is owned by corporate insiders.
PureCycle Technologies Price Performance
PCT stock traded down $0.34 during trading hours on Tuesday, hitting $7.79. 1,641,483 shares of the stock traded hands, compared to its average volume of 2,202,678. The company has a current ratio of 1.74, a quick ratio of 1.63 and a debt-to-equity ratio of 1.36. The stock has a 50-day simple moving average of $9.01 and a 200 day simple moving average of $10.20. PureCycle Technologies, Inc. has a one year low of $4.50 and a one year high of $15.58. The company has a market cap of $1.40 billion, a P/E ratio of -5.19 and a beta of 1.55.
PureCycle Technologies (NASDAQ:PCT - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.32). Equities analysts forecast that PureCycle Technologies, Inc. will post -1.01 earnings per share for the current year.
PureCycle Technologies Company Profile
(
Free Report)
PureCycle Technologies, Inc engages in the production of recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled polypropylene resin that has multiple applications, including packaging and labeling for consumer products, piping, ropes, cabling, and plastic parts for various industries.
Featured Stories
Before you consider PureCycle Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PureCycle Technologies wasn't on the list.
While PureCycle Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
