RIA Advisory Group LLC bought a new position in PureCycle Technologies, Inc. (NYSE:PCT – Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,000 shares of the company’s stock, valued at approximately $40,000.
Several other hedge funds also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC raised its holdings in PureCycle Technologies by 113,962.7% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 45,370,710 shares of the company’s stock worth $306,706,000 after purchasing an additional 45,330,933 shares during the period. Sylebra Capital LLC acquired a new stake in PureCycle Technologies in the third quarter worth $163,774,000. BlackRock Inc. raised its holdings in PureCycle Technologies by 11.2% in the second quarter. BlackRock Inc. now owns 8,067,267 shares of the company’s stock worth $86,239,000 after purchasing an additional 814,248 shares during the period. Abundance Wealth Counselors raised its holdings in PureCycle Technologies by 0.6% in the fourth quarter. Abundance Wealth Counselors now owns 5,603,567 shares of the company’s stock worth $22,694,000 after purchasing an additional 33,621 shares during the period. Finally, Balyasny Asset Management L.P. raised its holdings in PureCycle Technologies by 57.3% in the first quarter. Balyasny Asset Management L.P. now owns 2,873,531 shares of the company’s stock worth $20,115,000 after purchasing an additional 1,047,268 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at PureCycle Technologies
In related news, Director Fernando Musa purchased 18,303 shares of PureCycle Technologies stock in a transaction that occurred on Friday, March 8th. The stock was bought at an average price of $5.46 per share, for a total transaction of $99,934.38. Following the completion of the transaction, the director now owns 68,413 shares in the company, valued at $373,534.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 11.44% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on PCT
PureCycle Technologies Stock Up 2.7 %
Shares of NYSE:PCT opened at $5.24 on Friday. PureCycle Technologies, Inc. has a 12 month low of $2.38 and a 12 month high of $11.89. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.92 and a current ratio of 2.92. The company’s fifty day simple moving average is $5.58 and its 200 day simple moving average is $4.62.
PureCycle Technologies (NYSE:PCT – Get Free Report) last released its earnings results on Tuesday, March 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.08. As a group, equities research analysts predict that PureCycle Technologies, Inc. will post -0.53 earnings per share 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.
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