78,409 Shares in PureCycle Technologies, Inc. (NASDAQ:PCT) Acquired by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC bought a new position in PureCycle Technologies, Inc. (NASDAQ:PCT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 78,409 shares of the company's stock, valued at approximately $804,000.

Other hedge funds have also added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. purchased a new position in shares of PureCycle Technologies during the 4th quarter valued at about $13,859,000. Vanguard Group Inc. boosted its stake in shares of PureCycle Technologies by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 14,100,507 shares of the company's stock worth $144,530,000 after acquiring an additional 758,382 shares during the period. Ethos Financial Group LLC purchased a new stake in shares of PureCycle Technologies during the fourth quarter worth about $2,941,000. Drive Wealth Management LLC raised its stake 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, Stifel Financial Corp lifted its holdings in PureCycle Technologies by 55.9% in the 4th quarter. Stifel Financial Corp now owns 523,440 shares of the company's stock worth $5,365,000 after purchasing an additional 187,668 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Sylebra Capital Llc acquired 619,925 shares of the firm's stock in a transaction on Thursday, February 6th. The stock was acquired at an average price of $8.06 per share, with a total value of $4,996,595.50. Following the completion of the purchase, the insider now directly owns 34,077,574 shares in the company, valued at approximately $274,665,246.44. This trade represents a 1.85 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 21.67% of the company's stock.

PureCycle Technologies Price Performance

PCT stock traded down $0.05 during mid-day trading on Thursday, hitting $6.66. The company had a trading volume of 1,397,718 shares, compared to its average volume of 2,486,875. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -4.44 and a beta of 1.68. The company has a 50-day moving average price of $7.35 and a 200 day moving average price of $9.76. 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 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 the consensus estimate of ($0.22) by ($0.32). On average, research analysts anticipate that PureCycle Technologies, Inc. will post -1.01 earnings per share for the current year.

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.