78,409 Shares in PureCycle Technologies, Inc. (NASDAQ:PCT) Acquired by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC purchased a new position in shares of PureCycle Technologies, Inc. (NASDAQ:PCT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 78,409 shares of the company's stock, valued at approximately $804,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PCT. Jones Financial Companies Lllp grew its holdings in PureCycle Technologies by 286.0% during the 4th quarter. Jones Financial Companies Lllp now owns 3,092 shares of the company's stock worth $32,000 after acquiring an additional 2,291 shares in the last quarter. Sterling Capital Management LLC grew its holdings in PureCycle Technologies by 775.3% during the 4th quarter. Sterling Capital Management LLC now owns 3,230 shares of the company's stock worth $33,000 after acquiring an additional 2,861 shares in the last quarter. US Bancorp DE grew its holdings in PureCycle Technologies by 141.5% during the 4th quarter. US Bancorp DE now owns 3,446 shares of the company's stock worth $35,000 after acquiring an additional 2,019 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in PureCycle Technologies during the 4th quarter worth $80,000. Finally, Keudell Morrison Wealth Management acquired a new position in PureCycle Technologies during the 4th quarter worth $117,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Insider Activity

In related news, major shareholder Sylebra Capital Llc bought 619,925 shares of the stock in a transaction dated 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 completion of the acquisition, 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 21.67% of the company's stock.

PureCycle Technologies Stock Up 0.1 %

PCT stock traded up $0.01 during mid-day trading on Tuesday, hitting $6.96. 1,489,549 shares of the company were exchanged, compared to its average volume of 2,352,394. The company has a market capitalization of $1.25 billion, a PE ratio of -4.64 and a beta of 1.68. The company has a current ratio of 1.74, a quick ratio of 1.63 and a debt-to-equity ratio of 1.36. PureCycle Technologies, Inc. has a twelve month low of $4.50 and a twelve month high of $15.58. The firm has a fifty day simple moving average of $7.41 and a 200 day simple moving average of $9.78.

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

About PureCycle Technologies

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.