Invesco Ltd. Decreases Holdings in PureCycle Technologies, Inc. (NASDAQ:PCT)

Invesco Ltd. decreased its stake in shares of PureCycle Technologies, Inc. (NASDAQ:PCT - Free Report) by 66.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 214,544 shares of the company's stock after selling 428,013 shares during the quarter. Invesco Ltd. owned about 0.12% of PureCycle Technologies worth $2,199,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Tidal Investments LLC grew its stake in PureCycle Technologies by 215.5% in the third quarter. Tidal Investments LLC now owns 37,223 shares of the company's stock valued at $354,000 after acquiring an additional 25,424 shares during the period. ORG Wealth Partners LLC grew its position in PureCycle Technologies by 27.8% in the 4th quarter. ORG Wealth Partners LLC now owns 26,209 shares of the company's stock valued at $269,000 after purchasing an additional 5,697 shares during the period. Bar Harbor Wealth Management acquired a new stake in PureCycle Technologies in the 4th quarter valued at $154,000. Sanders Morris Harris LLC increased its stake in PureCycle Technologies by 4.6% during the 4th quarter. Sanders Morris Harris LLC now owns 159,673 shares of the company's stock valued at $1,637,000 after purchasing an additional 6,979 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in PureCycle Technologies by 22.6% during the fourth 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 last quarter. Institutional investors own 63.01% of the company's stock.

Insider Activity at PureCycle Technologies

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

PureCycle Technologies Stock Up 1.9 %

Shares of NASDAQ PCT traded up $0.13 during mid-day trading on Friday, reaching $6.79. 1,198,885 shares of the company's stock traded hands, compared to its average volume of 2,345,107. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.74 and a quick ratio of 1.63. The business has a 50-day simple moving average of $7.29 and a 200 day simple moving average of $9.74. The stock has a market cap of $1.22 billion, a P/E ratio of -4.54 and a beta of 1.68. PureCycle Technologies, Inc. has a 1-year low of $4.50 and a 1-year high of $15.58.

PureCycle Technologies (NASDAQ:PCT - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($0.54) EPS for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.32). On average, analysts expect that PureCycle Technologies, Inc. will post -1.01 EPS for the current fiscal year.

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.