UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in PureCycle Technologies, Inc. (NASDAQ:PCT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of PureCycle Technologies, Inc. (NASDAQ:PCT - Free Report) by 27.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 261,251 shares of the company's stock after purchasing an additional 56,339 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.15% of PureCycle Technologies worth $2,678,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Polar Asset Management Partners Inc. bought a new stake in shares of PureCycle Technologies in the fourth quarter worth $3,290,000. ProShare Advisors LLC grew its position in shares of PureCycle Technologies by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 34,719 shares of the company's stock worth $356,000 after acquiring an additional 11,424 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of PureCycle Technologies by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,088 shares of the company's stock valued at $718,000 after acquiring an additional 2,360 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new stake in shares of PureCycle Technologies during the 4th quarter valued at approximately $410,000. Finally, Janus Henderson Group PLC lifted its stake in PureCycle Technologies by 64.1% during the fourth quarter. Janus Henderson Group PLC now owns 56,328 shares of the company's stock worth $577,000 after purchasing an additional 22,000 shares during the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

PureCycle Technologies Trading Down 1.5%

PureCycle Technologies stock opened at $9.78 on Friday. The firm has a 50-day moving average price of $7.51 and a two-hundred day moving average price of $9.14. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of -6.52 and a beta of 1.80. The company has a quick ratio of 1.63, a current ratio of 1.74 and a debt-to-equity ratio of 1.36. PureCycle Technologies, Inc. has a 52-week low of $4.50 and a 52-week high of $15.58.

PureCycle Technologies (NASDAQ:PCT - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.02). The company had revenue of $1.58 million during the quarter, compared to analysts' expectations of $4.27 million. Sell-side analysts expect that PureCycle Technologies, Inc. will post -1.01 earnings per share for the current year.

Analyst Ratings Changes

Separately, TD Cowen reduced their price objective on PureCycle Technologies from $15.00 to $13.00 and set a "buy" rating for the company 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.

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