PureCycle Technologies, Inc. (NYSE:PCT) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp trimmed its stake in shares of PureCycle Technologies, Inc. (NYSE:PCT - Free Report) by 36.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 297,842 shares of the company's stock after selling 167,264 shares during the period. Van ECK Associates Corp owned about 0.18% of PureCycle Technologies worth $1,206,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. RIA Advisory Group LLC purchased a new position in shares of PureCycle Technologies in the 4th quarter valued at about $40,000. Symphony Financial Ltd. Co. acquired a new position in shares of PureCycle Technologies during the 4th quarter worth approximately $43,000. Stratos Wealth Advisors LLC purchased a new position in shares of PureCycle Technologies during the 4th quarter valued at approximately $53,000. Goodman Advisory Group LLC acquired a new stake in PureCycle Technologies in the 4th quarter valued at $54,000. Finally, Integrated Advisors Network LLC purchased a new stake in PureCycle Technologies in the 3rd quarter worth $56,000. 63.01% of the stock is owned by institutional investors and hedge funds.

PureCycle Technologies Trading Down 0.8 %

PCT traded down $0.04 during midday trading on Friday, hitting $4.84. 1,660,859 shares of the company traded hands, compared to its average volume of 1,731,868. PureCycle Technologies, Inc. has a 52-week low of $2.38 and a 52-week high of $11.89. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.92 and a current ratio of 2.92. The business has a 50 day simple moving average of $5.46 and a two-hundred day simple moving average of $4.62.

PureCycle Technologies (NYSE:PCT - Get Free Report) last announced its earnings results on Tuesday, March 5th. The company reported ($0.15) EPS for the quarter, beating analysts' consensus estimates of ($0.23) by $0.08. As a group, sell-side analysts expect that PureCycle Technologies, Inc. will post -0.53 EPS for the current year.

Insider Buying and Selling at PureCycle Technologies

In other PureCycle Technologies news, Director Fernando Musa purchased 18,303 shares of the firm's stock in a transaction dated Friday, March 8th. The shares were purchased at an average cost of $5.46 per share, with a total value of $99,934.38. Following the completion of the purchase, the director now owns 68,413 shares in the company, valued at approximately $373,534.98. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.09% of the stock is currently owned by insiders.

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.