Forum Financial Management LP Has $308,000 Position in PureCycle Technologies, Inc. (NASDAQ:PCT)

Forum Financial Management LP decreased its holdings in shares of PureCycle Technologies, Inc. (NASDAQ:PCT - Free Report) by 90.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,000 shares of the company's stock after selling 270,000 shares during the quarter. Forum Financial Management LP's holdings in PureCycle Technologies were worth $308,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of PureCycle Technologies by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 14,100,507 shares of the company's stock worth $144,530,000 after acquiring an additional 758,382 shares during the last quarter. Gladstone Institutional Advisory LLC grew its position in 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 purchasing an additional 122,700 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of PureCycle Technologies by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 3,185,348 shares of the company's stock valued at $32,658,000 after purchasing an additional 60,903 shares during the period. State Street Corp boosted its position in shares of PureCycle Technologies by 0.8% during the third quarter. State Street Corp now owns 2,809,178 shares of the company's stock worth $26,687,000 after buying an additional 21,706 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in PureCycle Technologies by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,137,300 shares of the company's stock worth $11,657,000 after buying an additional 37,019 shares in the last quarter. Institutional investors own 63.01% of the company's stock.

Insider Buying and Selling

In other news, major shareholder Sylebra Capital Llc bought 619,925 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The stock was acquired at an average price of $8.06 per share, with a total value of $4,996,595.50. Following the completion of the purchase, the insider now directly owns 34,077,574 shares of the company's stock, valued at $274,665,246.44. This represents a 1.85 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 21.67% of the stock is owned by corporate insiders.

PureCycle Technologies Stock Performance

PureCycle Technologies stock traded down $0.11 during mid-day trading on Friday, hitting $6.74. 1,370,440 shares of the company's stock traded hands, compared to its average volume of 2,343,109. 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 $1.21 billion, a PE ratio of -4.49 and a beta of 1.68. The firm has a 50 day moving average price of $7.64 and a 200 day moving average price of $9.83. The company has a quick ratio of 1.63, a current ratio of 1.74 and a debt-to-equity ratio of 1.36.

PureCycle Technologies (NASDAQ:PCT - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.32). On average, equities analysts forecast that PureCycle Technologies, Inc. will post -1.01 EPS for the current year.

PureCycle Technologies Company Profile

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.