Corient Private Wealth LLC Acquires 13,500 Shares of PureCycle Technologies, Inc. (NASDAQ:PCT)

Corient Private Wealth LLC raised its holdings in PureCycle Technologies, Inc. (NASDAQ:PCT) by 29.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 59,285 shares of the company’s stock after acquiring an additional 13,500 shares during the quarter. Corient Private Wealth LLC’s holdings in PureCycle Technologies were worth $608,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Intech Investment Management LLC acquired a new stake in shares of PureCycle Technologies in the third quarter valued at about $310,000. Charles Schwab Investment Management Inc. increased its position in PureCycle Technologies by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,100,281 shares of the company’s stock valued at $10,453,000 after purchasing an additional 19,989 shares during the period. The Manufacturers Life Insurance Company raised its holdings in PureCycle Technologies by 32.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 64,196 shares of the company’s stock worth $610,000 after purchasing an additional 15,837 shares during the last quarter. FMR LLC lifted its position in shares of PureCycle Technologies by 0.5% in the 3rd quarter. FMR LLC now owns 230,755 shares of the company’s stock worth $2,192,000 after purchasing an additional 1,083 shares during the period. Finally, Appian Way Asset Management LP boosted its stake in shares of PureCycle Technologies by 12.9% in the 3rd quarter. Appian Way Asset Management LP now owns 5,674,168 shares of the company’s stock valued at $53,905,000 after purchasing an additional 650,426 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Insider Buying and Selling at PureCycle Technologies

In other news, major shareholder Sylebra Capital Llc purchased 619,925 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were acquired at an average cost of $8.06 per share, with a total value of $4,996,595.50. Following 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.09% of the company’s stock.

PureCycle Technologies Price Performance

Shares of NASDAQ PCT opened at $7.02 on Friday. The company has a market capitalization of $1.26 billion, a PE ratio of -4.68 and a beta of 1.55. The company has a quick ratio of 1.63, a current ratio of 1.74 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 $8.84 and a 200 day simple moving average of $10.20.

PureCycle Technologies (NASDAQ:PCT) last issued its quarterly earnings results on Thursday, February 27th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.32). On average, sell-side analysts forecast that PureCycle Technologies, Inc. will post -1.01 EPS for the current year.

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.