PureCycle Technologies, Inc. (NASDAQ:PCT) Shares Bought by IHT Wealth Management LLC

IHT Wealth Management LLC raised its stake in PureCycle Technologies, Inc. (NASDAQ:PCT - Free Report) by 86.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 94,968 shares of the company's stock after purchasing an additional 43,918 shares during the quarter. IHT Wealth Management LLC owned about 0.05% of PureCycle Technologies worth $973,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Jones Financial Companies Lllp boosted its position 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 worth $32,000 after buying an additional 2,291 shares during the period. Sterling Capital Management LLC grew its holdings in PureCycle Technologies by 775.3% during the 4th quarter. Sterling Capital Management LLC now owns 3,230 shares of the company's stock worth $33,000 after acquiring an additional 2,861 shares in the last quarter. US Bancorp DE raised its stake in PureCycle Technologies by 141.5% during the fourth quarter. US Bancorp DE now owns 3,446 shares of the company's stock valued at $35,000 after buying an additional 2,019 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in PureCycle Technologies during the 4th quarter worth approximately $80,000. Finally, Keudell Morrison Wealth Management acquired a new position in shares of PureCycle Technologies in the 4th quarter worth approximately $117,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

PureCycle Technologies Stock Performance

Shares of PCT stock traded down $0.06 on Tuesday, hitting $6.90. 399,955 shares of the stock traded hands, compared to its average volume of 2,344,454. The company's fifty day moving average is $7.49 and its 200 day moving average is $9.80. PureCycle Technologies, Inc. has a 1-year low of $4.50 and a 1-year high of $15.58. The company has a market capitalization of $1.24 billion, a PE ratio of -4.60 and a beta of 1.68. 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 (NASDAQ:PCT - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.32). On average, equities research analysts predict that PureCycle Technologies, Inc. will post -1.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other PureCycle Technologies news, major shareholder Sylebra Capital Llc purchased 619,925 shares of the firm's stock in a transaction dated Thursday, February 6th. The stock was bought 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 owns 34,077,574 shares in the company, valued at $274,665,246.44. This trade represents a 1.85 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 21.67% of the company's stock.

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.