Charles Schwab Investment Management Inc. Boosts Holdings in PureCycle Technologies, Inc. (NASDAQ:PCT)

Charles Schwab Investment Management Inc. boosted its position in shares of PureCycle Technologies, Inc. (NASDAQ:PCT) by 3.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,137,300 shares of the company’s stock after purchasing an additional 37,019 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.66% of PureCycle Technologies worth $11,657,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. WMG Financial Advisors LLC bought a new stake in shares of PureCycle Technologies in the fourth quarter worth approximately $304,000. Jones Financial Companies Lllp boosted its holdings in PureCycle Technologies by 286.0% in the fourth quarter. Jones Financial Companies Lllp now owns 3,092 shares of the company’s stock worth $32,000 after purchasing an additional 2,291 shares during the last quarter. US Bancorp DE grew its position in PureCycle Technologies by 141.5% in the 4th quarter. US Bancorp DE now owns 3,446 shares of the company’s stock worth $35,000 after purchasing an additional 2,019 shares during the period. Proficio Capital Partners LLC purchased a new stake in PureCycle Technologies during the 4th quarter valued at $127,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of PureCycle Technologies by 3.7% during the 4th quarter. Bank of New York Mellon Corp now owns 359,032 shares of the company’s stock valued at $3,680,000 after buying an additional 12,878 shares during the period. 63.01% of the stock is owned by hedge funds and other institutional investors.

PureCycle Technologies Trading Up 1.8 %

PureCycle Technologies stock opened at $7.77 on Friday. The business has a 50-day simple moving average of $9.04 and a two-hundred day simple moving average of $10.12. PureCycle Technologies, Inc. has a 52-week low of $4.50 and a 52-week high of $15.58. The company has a quick ratio of 1.63, a current ratio of 1.74 and a debt-to-equity ratio of 1.36. The company has a market cap of $1.39 billion, a P/E ratio of -5.18 and a beta of 1.55.

PureCycle Technologies (NASDAQ:PCT) last released its earnings results 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). Analysts predict that PureCycle Technologies, Inc. will post -1.01 EPS for the current year.

Insider Transactions at PureCycle Technologies

In other PureCycle Technologies news, major shareholder Sylebra Capital Llc purchased 619,925 shares of PureCycle Technologies stock in a transaction dated Thursday, February 6th. The stock was acquired at an average price of $8.06 per share, for a total transaction of $4,996,595.50. Following the acquisition, the insider now owns 34,077,574 shares in the company, valued at $274,665,246.44. This trade represents a 1.85 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 11.44% of the company’s stock.

PureCycle Technologies 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.