PureCycle Technologies, Inc. (NYSE:PCT) Shares Purchased by Forum Financial Management LP

Forum Financial Management LP raised its position in PureCycle Technologies, Inc. (NYSE:PCT - Free Report) by 170.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 270,000 shares of the company's stock after acquiring an additional 170,000 shares during the period. Forum Financial Management LP owned approximately 0.16% of PureCycle Technologies worth $1,094,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Commonwealth Equity Services LLC acquired a new stake in shares of PureCycle Technologies in the 3rd quarter valued at approximately $75,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of PureCycle Technologies by 9.5% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 147,612 shares of the company's stock worth $828,000 after purchasing an additional 12,817 shares in the last quarter. Raymond James & Associates grew its stake in shares of PureCycle Technologies by 12.2% during the 3rd quarter. Raymond James & Associates now owns 41,360 shares of the company's stock worth $232,000 after purchasing an additional 4,500 shares during the period. Stratos Wealth Partners LTD. increased its holdings in shares of PureCycle Technologies by 104.0% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 38,065 shares of the company's stock valued at $214,000 after purchasing an additional 19,410 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of PureCycle Technologies by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 417,712 shares of the company's stock valued at $2,343,000 after purchasing an additional 11,966 shares during the period. Hedge funds and other institutional investors own 63.01% of the company's stock.

PureCycle Technologies Price Performance

PCT traded down $0.04 on Friday, hitting $4.84. 1,660,877 shares of the company were exchanged, compared to its average volume of 1,789,196. PureCycle Technologies, Inc. has a fifty-two week low of $2.38 and a fifty-two week high of $11.89. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.92 and a current ratio of 1.17. The firm has a market capitalization of $796.81 million, a P/E ratio of -4.75 and a beta of 1.60. The business's fifty day moving average is $5.43 and its 200 day moving average is $4.62.

PureCycle Technologies (NYSE:PCT - Get Free Report) last released its quarterly earnings results on Tuesday, March 5th. The company reported ($0.15) earnings per share for the quarter, topping analysts' consensus estimates of ($0.23) by $0.08. As a group, sell-side analysts anticipate that PureCycle Technologies, Inc. will post -0.66 EPS for the current year.

Insiders Place Their Bets

In other news, Director Fernando Musa purchased 18,303 shares of the company's stock in a transaction dated Friday, March 8th. The stock was acquired at an average price of $5.46 per share, for a total transaction of $99,934.38. Following the completion of the transaction, the director now directly 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 this link. 11.44% of the stock is owned by company 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.