PureCycle Technologies, Inc. (NYSE:PCT) Shares Bought by SWS Partners

SWS Partners grew its stake in shares of PureCycle Technologies, Inc. (NYSE:PCTFree Report) by 40.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 877,924 shares of the company’s stock after purchasing an additional 255,019 shares during the quarter. PureCycle Technologies accounts for 1.2% of SWS Partners’ investment portfolio, making the stock its 25th biggest position. SWS Partners’ holdings in PureCycle Technologies were worth $3,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. RIA Advisory Group LLC acquired a new position in shares of PureCycle Technologies during the fourth quarter worth about $40,000. Symphony Financial Ltd. Co. acquired a new position in shares of PureCycle Technologies during the fourth quarter worth about $43,000. National Bank of Canada FI lifted its stake in shares of PureCycle Technologies by 45.8% during the fourth quarter. National Bank of Canada FI now owns 13,979 shares of the company’s stock worth $52,000 after purchasing an additional 4,388 shares in the last quarter. Stratos Wealth Advisors LLC acquired a new position in shares of PureCycle Technologies in the fourth quarter worth about $53,000. Finally, Goodman Advisory Group LLC acquired a new position in shares of PureCycle Technologies in the fourth quarter worth about $54,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

PureCycle Technologies Stock Up 7.7 %

Shares of NYSE:PCT traded up $0.40 during trading on Monday, hitting $5.59. The company’s stock had a trading volume of 928,315 shares, compared to its average volume of 2,363,184. 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 fifty-two week low of $2.38 and a fifty-two week high of $11.89. The stock’s 50-day moving average price is $5.37 and its two-hundred day moving average price is $4.75. The company has a market capitalization of $920.28 million, a PE ratio of -5.76 and a beta of 1.61.

PureCycle Technologies (NYSE:PCTGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.10). As a group, sell-side analysts expect that PureCycle Technologies, Inc. will post -0.73 EPS for the current year.

Insider Buying and Selling

In other PureCycle Technologies news, Director Fernando Musa purchased 18,303 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were acquired at an average price of $5.46 per share, for a total transaction 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.09% of the company’s stock.

PureCycle Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PureCycle Technologies (NYSE:PCT)

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