Private Advisor Group LLC Has $494,000 Position in PureCycle Technologies, Inc. (NYSE:PCT)

Private Advisor Group LLC lowered its position in shares of PureCycle Technologies, Inc. (NYSE:PCT - Free Report) by 96.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 123,738 shares of the company's stock after selling 3,484,623 shares during the quarter. Private Advisor Group LLC owned approximately 0.08% of PureCycle Technologies worth $494,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Sylebra Capital LLC acquired a new stake in PureCycle Technologies during the third quarter worth about $163,774,000. Van ECK Associates Corp raised its holdings in PureCycle Technologies by 63.4% in the third quarter. Van ECK Associates Corp now owns 465,106 shares of the company's stock valued at $2,609,000 after buying an additional 180,525 shares during the period. HighTower Advisors LLC lifted its position in PureCycle Technologies by 158.0% during the third quarter. HighTower Advisors LLC now owns 205,418 shares of the company's stock valued at $1,158,000 after buying an additional 125,801 shares in the last quarter. SWS Partners grew its stake in PureCycle Technologies by 21.2% during the third quarter. SWS Partners now owns 622,905 shares of the company's stock worth $3,494,000 after buying an additional 108,837 shares during the period. Finally, Forum Financial Management LP purchased a new stake in PureCycle Technologies during the third quarter worth approximately $561,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

PureCycle Technologies Stock Down 4.5 %

PureCycle Technologies stock traded down $0.25 during trading on Tuesday, reaching $5.28. 1,024,429 shares of the company's stock were exchanged, compared to its average volume of 2,452,688. The company's 50-day moving average is $5.45 and its two-hundred day moving average is $4.66. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.17 and a current ratio of 1.17. PureCycle Technologies, Inc. has a 52-week low of $2.38 and a 52-week high of $11.89. The firm has a market cap of $869.25 million, a price-to-earnings ratio of -5.18 and a beta of 1.60.

PureCycle Technologies (NYSE:PCT - Get Free Report) last released its quarterly earnings results on Tuesday, March 5th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.08. On average, analysts predict that PureCycle Technologies, Inc. will post -0.73 earnings per share for the current year.

Insider Activity

In other news, Director Fernando Musa acquired 18,303 shares of the firm's stock in a transaction on Friday, March 8th. The stock was bought at an average cost of $5.46 per share, with a total value of $99,934.38. Following 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 Securities & Exchange Commission, which is available at this hyperlink. Insiders own 11.44% 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.