Swiss National Bank Acquires 12,300 Shares of PureCycle Technologies, Inc. (NASDAQ:PCT)

Swiss National Bank boosted its holdings in PureCycle Technologies, Inc. (NASDAQ:PCT) by 5.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 238,800 shares of the company’s stock after acquiring an additional 12,300 shares during the quarter. Swiss National Bank owned 0.14% of PureCycle Technologies worth $2,448,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Miller Financial Services LLC purchased a new stake in shares of PureCycle Technologies during the 4th quarter valued at $137,000. Haven Private LLC purchased a new stake in PureCycle Technologies during the fourth quarter valued at about $387,000. Ethos Financial Group LLC purchased a new position in shares of PureCycle Technologies in the 4th quarter worth about $2,941,000. Raymond James Financial Inc. bought a new position in shares of PureCycle Technologies during the 4th quarter valued at about $1,415,000. Finally, Arizona State Retirement System raised its holdings in shares of PureCycle Technologies by 6.1% during the 4th quarter. Arizona State Retirement System now owns 35,217 shares of the company’s stock valued at $361,000 after buying an additional 2,033 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

PureCycle Technologies Stock Performance

NASDAQ:PCT opened at $7.38 on Friday. PureCycle Technologies, Inc. has a 1-year low of $4.50 and a 1-year high of $15.58. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.74 and a quick ratio of 1.63. The business has a 50 day moving average of $8.89 and a 200 day moving average of $10.18. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -4.92 and a beta of 1.55.

PureCycle Technologies (NASDAQ:PCT) last announced its quarterly earnings data 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, sell-side analysts predict that PureCycle Technologies, Inc. will post -1.01 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Sylebra Capital Llc purchased 619,925 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was bought at an average cost of $8.06 per share, for a total transaction of $4,996,595.50. Following the acquisition, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.09% of the company’s stock.

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.