675,605 Shares in PureCycle Technologies, Inc. $PCT Bought by Indivisible Partners

Key Points

• Indivisible Partners bought 675,605 shares of PureCycle Technologies in the fourth quarter, a stake valued at about $5.8 million (roughly 0.37% of the company).
• PureCycle missed quarterly expectations, reporting EPS of ($0.42) vs. an expected ($0.25) and revenue of $2.7 million vs. $6.37 million, and remains deeply unprofitable with a very high debt-to-equity ratio (7.62).
• Institutional ownership is high at 63.01%, while analysts are mixed—MarketBeat shows a consensus rating of “Moderate Buy” with an average target price of $13.

Indivisible Partners acquired a new position in shares of PureCycle Technologies, Inc. (NASDAQ:PCT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 675,605 shares of the company's stock, valued at approximately $5,803,000. Indivisible Partners owned about 0.37% of PureCycle Technologies as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Appian Way Asset Management LP grew its position in PureCycle Technologies by 1.4% during the 3rd quarter. Appian Way Asset Management LP now owns 4,315,655 shares of the company's stock worth $56,751,000 after acquiring an additional 59,676 shares during the last quarter. Gladstone Institutional Advisory LLC grew its position in PureCycle Technologies by 1.4% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 3,243,160 shares of the company's stock worth $42,648,000 after acquiring an additional 44,817 shares during the last quarter. UBS Group AG grew its position in PureCycle Technologies by 43.3% during the 4th quarter. UBS Group AG now owns 1,164,573 shares of the company's stock worth $10,004,000 after acquiring an additional 351,630 shares during the last quarter. Royal Bank of Canada lifted its holdings in PureCycle Technologies by 62.4% during the 1st quarter. Royal Bank of Canada now owns 1,042,338 shares of the company's stock worth $7,213,000 after buying an additional 400,520 shares during the period. Finally, SWS Partners lifted its holdings in PureCycle Technologies by 31.9% during the 4th quarter. SWS Partners now owns 988,463 shares of the company's stock worth $8,491,000 after buying an additional 238,947 shares during the period. Institutional investors own 63.01% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages have commented on PCT. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of PureCycle Technologies in a report on Thursday, January 22nd. Wall Street Zen raised PureCycle Technologies from a "strong sell" rating to a "sell" rating in a report on Saturday. Finally, Cantor Fitzgerald cut their target price on PureCycle Technologies from $16.00 to $14.00 and set an "overweight" rating on the stock in a report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $13.00.

PureCycle Technologies Stock Up 4.1%

Shares of NASDAQ:PCT opened at $7.65 on Wednesday. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of -6.32 and a beta of 2.31. The company has a debt-to-equity ratio of 7.62, a current ratio of 2.26 and a quick ratio of 2.15. The business's 50-day moving average is $6.31 and its 200-day moving average is $8.65. PureCycle Technologies, Inc. has a 1 year low of $4.93 and a 1 year high of $17.37.

PureCycle Technologies (NASDAQ:PCT - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.17). The business had revenue of $2.70 million during the quarter, compared to analyst estimates of $6.37 million. PureCycle Technologies had a negative net margin of 2,185.10% and a negative return on equity of 204.74%. Equities research analysts predict that PureCycle Technologies, Inc. will post -0.96 earnings per share for the current year.

About PureCycle Technologies

PureCycle Technologies, Inc operates as a recycling technology company focused on restoring waste polypropylene to a “virgin-like” state through a proprietary purification process licensed from Procter & Gamble. The company develops, owns and operates recycling facilities that convert used polypropylene feedstock—such as packaging and industrial plastics—into ultra‐pure recycled resin. This resin, known as Qualified Recycled Polymer (QRP), is designed to meet stringent quality specifications for applications in packaging, consumer goods and industrial products.

Headquartered in Orlando, Florida, PureCycle was established with technology development efforts dating back to licensing agreements in the mid-2010s and later spun off as a publicly traded entity in 2021.

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