Long Focus Capital Management LLC Sells 600,000 Shares of PureCycle Technologies, Inc. (NASDAQ:PCT)

Long Focus Capital Management LLC lessened its holdings in shares of PureCycle Technologies, Inc. (NASDAQ:PCT - Free Report) by 49.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 603,781 shares of the company's stock after selling 600,000 shares during the period. Long Focus Capital Management LLC owned 0.35% of PureCycle Technologies worth $6,189,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its stake in PureCycle Technologies by 286.0% during the 4th quarter. Jones Financial Companies Lllp now owns 3,092 shares of the company's stock worth $32,000 after acquiring an additional 2,291 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of PureCycle Technologies by 775.3% during the fourth quarter. Sterling Capital Management LLC now owns 3,230 shares of the company's stock worth $33,000 after purchasing an additional 2,861 shares in the last quarter. US Bancorp DE grew its holdings in shares of PureCycle Technologies by 141.5% in the 4th 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 during the period. Brown Brothers Harriman & Co. bought a new stake in shares of PureCycle Technologies in the 4th quarter valued at $80,000. Finally, Keudell Morrison Wealth Management acquired a new stake in PureCycle Technologies during the 4th quarter worth $117,000. Institutional investors and hedge funds own 63.01% of the company's stock.

PureCycle Technologies Trading Up 2.6 %

NASDAQ:PCT traded up $0.18 on Monday, reaching $6.92. The company's stock had a trading volume of 1,652,795 shares, compared to its average volume of 2,348,663. PureCycle Technologies, Inc. has a 1-year low of $4.50 and a 1-year high of $15.58. The business's 50-day moving average price is $7.56 and its two-hundred day moving average price is $9.82. The firm has a market cap of $1.24 billion, a PE ratio of -4.61 and a beta of 1.68. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.63 and a current ratio of 1.74.

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

Insider Activity

In other news, major shareholder Sylebra Capital Llc purchased 619,925 shares of PureCycle Technologies stock in a transaction on Thursday, February 6th. The stock was 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. The trade was a 1.85 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 21.67% of the company's stock.

PureCycle Technologies 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.