PureCycle Technologies, Inc. (NASDAQ:PCT) Shares Sold by Insight Advisors LLC PA

Insight Advisors LLC PA decreased its position in shares of PureCycle Technologies, Inc. (NASDAQ:PCT) by 12.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,937 shares of the company’s stock after selling 2,600 shares during the quarter. Insight Advisors LLC PA’s holdings in PureCycle Technologies were worth $124,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. NBC Securities Inc. purchased a new stake in PureCycle Technologies during the first quarter worth $25,000. Jones Financial Companies Lllp raised its stake in shares of 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 buying an additional 2,291 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of PureCycle Technologies by 775.3% in the 4th quarter. Sterling Capital Management LLC now owns 3,230 shares of the company’s stock worth $33,000 after buying an additional 2,861 shares in the last quarter. US Bancorp DE grew its stake in 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 acquiring an additional 2,019 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new position in PureCycle Technologies during the 4th quarter valued at about $80,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, TD Cowen reduced their price target on shares of PureCycle Technologies from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, May 8th.

PureCycle Technologies Stock Performance

PureCycle Technologies stock opened at $9.88 on Friday. PureCycle Technologies, Inc. has a fifty-two week low of $4.50 and a fifty-two week high of $15.58. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of -6.59 and a beta of 1.80. The stock has a fifty day moving average of $7.57 and a two-hundred day moving average of $9.13. 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) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.02). The company had revenue of $1.58 million during the quarter, compared to analyst estimates of $4.27 million. On average, analysts anticipate that PureCycle Technologies, Inc. will post -1.01 EPS for the current fiscal year.

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.