Vanguard Group Inc. Has $144.53 Million Position in PureCycle Technologies, Inc. (NASDAQ:PCT)

Vanguard Group Inc. boosted its stake in shares of PureCycle Technologies, Inc. (NASDAQ:PCT - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,100,507 shares of the company's stock after acquiring an additional 758,382 shares during the quarter. Vanguard Group Inc. owned approximately 8.12% of PureCycle Technologies worth $144,530,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. LPL Financial LLC increased its holdings in shares of PureCycle Technologies by 4.3% in the fourth quarter. LPL Financial LLC now owns 588,407 shares of the company's stock valued at $6,031,000 after purchasing an additional 24,270 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of PureCycle Technologies in the 4th quarter valued at $251,000. Sei Investments Co. bought a new stake in shares of PureCycle Technologies during the fourth quarter worth $126,000. American Century Companies Inc. lifted its stake in shares of PureCycle Technologies by 15.7% during the fourth quarter. American Century Companies Inc. now owns 305,529 shares of the company's stock valued at $3,132,000 after acquiring an additional 41,520 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of PureCycle Technologies in the 4th quarter valued at about $289,000. Institutional investors and hedge funds own 63.01% of the company's stock.

Insider Buying and Selling

In related news, major shareholder Sylebra Capital Llc purchased 619,925 shares of the business's stock in a transaction 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 completion of the purchase, the insider now owns 34,077,574 shares in the company, 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 can be accessed through the SEC website. 11.44% of the stock is currently owned by company insiders.

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PureCycle Technologies Trading Up 5.2 %

PCT traded up $0.31 during trading on Friday, reaching $6.23. 2,796,880 shares of the company's stock were exchanged, compared to its average volume of 2,292,903. The company's fifty day moving average price is $8.11 and its 200-day moving average price is $10.02. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.63 and a current ratio of 1.74. The firm has a market capitalization of $1.12 billion, a PE ratio of -4.15 and a beta of 1.68. PureCycle Technologies, Inc. has a fifty-two week low of $4.50 and a fifty-two week high of $15.58.

PureCycle Technologies (NASDAQ:PCT - Get Free Report) last posted its earnings results 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). As a group, equities analysts forecast that PureCycle Technologies, Inc. will post -1.01 EPS for the current 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.