Vontobel Holding Ltd. Has $265,000 Stock Holdings in PureCycle Technologies, Inc. (NASDAQ:PCT)

Vontobel Holding Ltd. decreased its holdings in shares of PureCycle Technologies, Inc. (NASDAQ:PCT) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,806 shares of the company’s stock after selling 1,108 shares during the period. Vontobel Holding Ltd.’s holdings in PureCycle Technologies were worth $265,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PCT. Park Edge Advisors LLC purchased a new stake in shares of PureCycle Technologies in the third quarter valued at about $100,000. Keudell Morrison Wealth Management purchased a new stake in shares of PureCycle Technologies in the fourth quarter valued at about $117,000. Bar Harbor Wealth Management purchased a new stake in shares of PureCycle Technologies in the fourth quarter valued at about $154,000. Prospera Private Wealth LLC raised its holdings in shares of PureCycle Technologies by 35.9% in the third quarter. Prospera Private Wealth LLC now owns 15,436 shares of the company’s stock valued at $147,000 after purchasing an additional 4,080 shares during the last quarter. Finally, Focused Wealth Management Inc raised its holdings in shares of PureCycle Technologies by 27.9% in the fourth quarter. Focused Wealth Management Inc now owns 16,605 shares of the company’s stock valued at $170,000 after purchasing an additional 3,620 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

PureCycle Technologies Price Performance

PCT opened at $9.83 on Friday. The firm has a market cap of $1.71 billion, a P/E ratio of -6.55 and a beta of 1.58. The firm has a 50-day moving average of $9.87 and a 200 day moving average of $9.76. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.63 and a current ratio of 1.74. PureCycle Technologies, Inc. has a fifty-two week low of $4.50 and a fifty-two week high of $15.58.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on PCT shares. Cantor Fitzgerald restated an “overweight” rating and set a $14.00 price target on shares of PureCycle Technologies in a research report on Tuesday, November 19th. TD Cowen increased their price target on shares of PureCycle Technologies from $10.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Stifel Nicolaus increased their price target on shares of PureCycle Technologies from $8.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th.

Insiders Place Their Bets

In other PureCycle Technologies news, major shareholder Sylebra Capital Llc bought 619,925 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was purchased at an average price of $8.06 per share, for a total transaction of $4,996,595.50. Following the completion of the transaction, the insider now directly 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 acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 11.44% of the company’s stock.

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.