50,491 Shares in PureCycle Technologies, Inc. (NASDAQ:PCT) Acquired by Optimize Financial Inc

Optimize Financial Inc purchased a new position in PureCycle Technologies, Inc. (NASDAQ:PCT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 50,491 shares of the company's stock, valued at approximately $518,000.

Several other large investors have also modified their holdings of PCT. Vanguard Group Inc. lifted its stake in PureCycle Technologies by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 14,100,507 shares of the company's stock valued at $144,530,000 after acquiring an additional 758,382 shares during the last quarter. Gladstone Institutional Advisory LLC lifted its stake in shares of PureCycle Technologies by 3.7% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 3,462,652 shares of the company's stock worth $35,492,000 after buying an additional 122,700 shares during the last quarter. Geode Capital Management LLC grew its stake in PureCycle Technologies by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 3,185,348 shares of the company's stock valued at $32,658,000 after buying an additional 60,903 shares during the last quarter. State Street Corp boosted its holdings in PureCycle Technologies by 0.8% during the third quarter. State Street Corp now owns 2,809,178 shares of the company's stock valued at $26,687,000 after acquiring an additional 21,706 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of PureCycle Technologies by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,137,300 shares of the company's stock valued at $11,657,000 after purchasing an additional 37,019 shares during the last quarter. 63.01% of the stock is owned by institutional investors.

PureCycle Technologies Stock Performance

NASDAQ:PCT traded down $0.12 during mid-day trading on Thursday, hitting $5.99. 1,875,108 shares of the company's stock traded hands, compared to its average volume of 2,292,437. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of -3.99 and a beta of 1.68. The firm has a 50 day moving average of $7.97 and a two-hundred day moving average of $9.95. The company has a current ratio of 1.74, a quick ratio of 1.63 and a debt-to-equity ratio of 1.36. PureCycle Technologies, Inc. has a 12 month low of $4.50 and a 12 month high of $15.58.

PureCycle Technologies (NASDAQ:PCT - Get Free Report) last announced its earnings results 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, equities analysts forecast 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 acquired 619,925 shares of PureCycle Technologies stock in a transaction on Thursday, February 6th. The stock was bought at an average price of $8.06 per share, for a total transaction of $4,996,595.50. Following the transaction, the insider now owns 34,077,574 shares of the company's stock, valued at $274,665,246.44. The trade was a 1.85 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 11.44% of the stock is owned by company insiders.

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.