PureCycle Technologies, Inc. (NASDAQ:PCT) Shares Bought by Deutsche Bank AG

Deutsche Bank AG lifted its position in PureCycle Technologies, Inc. (NASDAQ:PCT - Free Report) by 36.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 111,525 shares of the company's stock after acquiring an additional 29,782 shares during the quarter. Deutsche Bank AG owned 0.06% of PureCycle Technologies worth $1,143,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC increased its stake in PureCycle Technologies by 22.6% in the 4th quarter. SG Americas Securities LLC now owns 54,774 shares of the company's stock worth $561,000 after buying an additional 10,094 shares during the period. Janney Montgomery Scott LLC purchased a new position in PureCycle Technologies in the 4th quarter worth about $193,000. Flagship Private Wealth LLC increased its stake in PureCycle Technologies by 16.0% in the 4th quarter. Flagship Private Wealth LLC now owns 29,781 shares of the company's stock worth $305,000 after buying an additional 4,100 shares during the period. Drive Wealth Management LLC increased its position in PureCycle Technologies by 767.7% during the 4th quarter. Drive Wealth Management LLC now owns 308,027 shares of the company's stock valued at $3,157,000 after purchasing an additional 272,527 shares during the period. Finally, Deane Retirement Strategies Inc. purchased a new position in PureCycle Technologies during the 4th quarter valued at about $695,000. Institutional investors own 63.01% of the company's stock.

PureCycle Technologies Price Performance

NASDAQ PCT traded down $0.10 on Wednesday, hitting $10.25. The company had a trading volume of 3,910,220 shares, compared to its average volume of 2,466,262. The company has a market capitalization of $1.84 billion, a PE ratio of -6.83 and a beta of 1.68. The company's fifty day moving average price is $7.20 and its 200-day moving average price is $9.22. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.74 and a quick ratio of 1.63. 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 released its earnings results on Wednesday, May 7th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.02). The firm had revenue of $1.58 million for the quarter, compared to analyst estimates of $4.27 million. As a group, analysts predict that PureCycle Technologies, Inc. will post -1.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.