PureCycle Technologies, Inc. (NASDAQ:PCT) Holdings Raised by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in PureCycle Technologies, Inc. (NASDAQ:PCT - Free Report) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,185,348 shares of the company's stock after purchasing an additional 60,903 shares during the period. Geode Capital Management LLC owned approximately 1.84% of PureCycle Technologies worth $32,658,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of PureCycle Technologies by 0.8% in the third quarter. State Street Corp now owns 2,809,178 shares of the company's stock worth $26,687,000 after acquiring an additional 21,706 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in PureCycle Technologies during the third quarter worth approximately $289,000. Sanctuary Advisors LLC boosted its position in PureCycle Technologies by 77.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 206,339 shares of the company's stock worth $1,960,000 after purchasing an additional 89,875 shares during the period. Tidal Investments LLC boosted its position in shares of PureCycle Technologies by 215.5% in the third quarter. Tidal Investments LLC now owns 37,223 shares of the company's stock worth $354,000 after buying an additional 25,424 shares during the period. Finally, ORG Wealth Partners LLC grew its position in PureCycle Technologies by 27.8% in the fourth quarter. ORG Wealth Partners LLC now owns 26,209 shares of the company's stock valued at $269,000 after acquiring an additional 5,697 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company's stock.

Insider Buying and Selling at PureCycle Technologies

In related news, major shareholder Sylebra Capital Llc acquired 619,925 shares of the firm's stock in a transaction on Thursday, February 6th. The stock was bought at an average cost of $8.06 per share, with a total value of $4,996,595.50. Following the acquisition, the insider now directly owns 34,077,574 shares in the company, valued at approximately $274,665,246.44. The trade was a 1.85 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 21.67% of the stock is currently owned by corporate insiders.

PureCycle Technologies Stock Up 14.7 %

PCT stock traded up $0.82 during trading on Tuesday, reaching $6.39. The stock had a trading volume of 5,057,412 shares, compared to its average volume of 2,321,638. 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 firm has a fifty day moving average price of $7.75 and a 200 day moving average price of $9.87. The company has a market capitalization of $1.15 billion, a P/E ratio of -4.26 and a beta of 1.68. PureCycle Technologies, Inc. has a 1-year low of $4.50 and a 1-year high of $15.58.

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