Highview Capital Management LLC DE Invests $324,000 in PureCycle Technologies, Inc. (NASDAQ:PCT)

Highview Capital Management LLC DE bought a new position in shares of PureCycle Technologies, Inc. (NASDAQ:PCT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 31,650 shares of the company's stock, valued at approximately $324,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its holdings in shares of PureCycle Technologies by 286.0% in the fourth quarter. Jones Financial Companies Lllp now owns 3,092 shares of the company's stock valued at $32,000 after purchasing an additional 2,291 shares during the last quarter. Sterling Capital Management LLC increased its holdings in shares of PureCycle Technologies by 775.3% in the fourth quarter. Sterling Capital Management LLC now owns 3,230 shares of the company's stock valued at $33,000 after purchasing an additional 2,861 shares during the last quarter. US Bancorp DE increased its holdings in shares of PureCycle Technologies by 141.5% in the fourth quarter. US Bancorp DE now owns 3,446 shares of the company's stock valued at $35,000 after purchasing an additional 2,019 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of PureCycle Technologies in the fourth quarter valued at $80,000. Finally, Keudell Morrison Wealth Management acquired a new position in shares of PureCycle Technologies in the fourth quarter valued at $117,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

PureCycle Technologies Stock Performance

Shares of PCT stock traded up $1.07 on Tuesday, hitting $10.42. The company's stock had a trading volume of 2,520,145 shares, compared to its average volume of 2,450,237. PureCycle Technologies, Inc. has a fifty-two week low of $4.50 and a fifty-two week high of $15.58. The stock's 50 day moving average is $7.14 and its 200-day moving average is $9.21. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.63 and a current ratio of 1.74. The company has a market capitalization of $1.87 billion, a PE ratio of -6.95 and a beta of 1.68.

PureCycle Technologies (NASDAQ:PCT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.02). The company had revenue of $1.58 million for the quarter, compared to analyst estimates of $4.27 million. Equities research analysts expect that PureCycle Technologies, Inc. will post -1.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, TD Cowen decreased their price target on shares of PureCycle Technologies from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th.

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.