PureCycle Technologies, Inc. (NASDAQ:PCT) Shares Bought by Deane Retirement Strategies Inc.

Deane Retirement Strategies Inc. grew its holdings in shares of PureCycle Technologies, Inc. (NASDAQ:PCT) by 4.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 71,119 shares of the company’s stock after acquiring an additional 3,325 shares during the quarter. Deane Retirement Strategies Inc.’s holdings in PureCycle Technologies were worth $492,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PCT. Jones Financial Companies Lllp lifted its holdings in shares of PureCycle Technologies by 286.0% in the fourth quarter. Jones Financial Companies Lllp now owns 3,092 shares of the company’s stock valued at $32,000 after buying an additional 2,291 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of PureCycle Technologies by 775.3% in the fourth quarter. Sterling Capital Management LLC now owns 3,230 shares of the company’s stock valued at $33,000 after buying an additional 2,861 shares during the period. US Bancorp DE lifted its holdings in shares of PureCycle Technologies by 141.5% in the fourth 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. NBC Securities Inc. acquired a new stake in shares of PureCycle Technologies in the first quarter valued at $25,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of PureCycle Technologies in the fourth quarter valued at $80,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TD Cowen cut their price objective on PureCycle Technologies from $15.00 to $13.00 and set a “buy” rating for the company in a report on Thursday, May 8th.

PureCycle Technologies Trading Up 1.0%

Shares of PureCycle Technologies stock opened at $9.88 on Monday. The business has a fifty day simple moving average of $7.57 and a 200-day simple moving average of $9.09. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of -6.59 and a beta of 1.80. The company has a quick ratio of 1.63, a current ratio of 1.74 and a debt-to-equity ratio of 1.36. PureCycle Technologies, Inc. has a fifty-two week low of $4.50 and a fifty-two week high of $15.58.

PureCycle Technologies (NASDAQ:PCT) last announced its earnings results on Wednesday, May 7th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.02). The firm had revenue of $1.58 million during the quarter, compared to the consensus estimate of $4.27 million. On average, equities analysts forecast that PureCycle Technologies, Inc. will post -1.01 EPS for the current fiscal year.

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.