11,537 Shares in PureCycle Technologies, Inc. (NASDAQ:PCT) Bought by Cibc World Markets Corp

Cibc World Markets Corp bought a new stake in PureCycle Technologies, Inc. (NASDAQ:PCT) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 11,537 shares of the company’s stock, valued at approximately $118,000.

Several other institutional investors and hedge funds have also bought and sold shares of PCT. Jones Financial Companies Lllp increased its stake in shares of PureCycle Technologies by 286.0% in the 4th quarter. Jones Financial Companies Lllp now owns 3,092 shares of the company’s stock worth $32,000 after purchasing an additional 2,291 shares in the last quarter. US Bancorp DE increased its position in PureCycle Technologies by 141.5% in the fourth quarter. US Bancorp DE now owns 3,446 shares of the company’s stock worth $35,000 after buying an additional 2,019 shares in the last quarter. Keudell Morrison Wealth Management purchased a new stake in PureCycle Technologies in the fourth quarter worth about $117,000. Proficio Capital Partners LLC purchased a new position in shares of PureCycle Technologies during the 4th quarter valued at about $127,000. Finally, Miller Financial Services LLC purchased a new position in shares of PureCycle Technologies during the 4th quarter valued at about $137,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at PureCycle Technologies

In other PureCycle Technologies news, major shareholder Sylebra Capital Llc purchased 619,925 shares of the company’s stock in a transaction on Thursday, February 6th. The stock was acquired at an average cost of $8.06 per share, for a total transaction of $4,996,595.50. Following the purchase, the insider now directly owns 34,077,574 shares of the company’s stock, valued at $274,665,246.44. This trade represents a 1.85 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.09% of the company’s stock.

PureCycle Technologies Trading Down 1.9 %

PureCycle Technologies stock opened at $7.38 on Friday. PureCycle Technologies, Inc. has a 12-month low of $4.50 and a 12-month high of $15.58. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of -4.92 and a beta of 1.55. The firm has a 50 day moving average of $8.89 and a 200 day moving average of $10.18. The company has a current ratio of 1.74, a quick ratio of 1.63 and a debt-to-equity ratio of 1.36.

PureCycle Technologies (NASDAQ:PCT) last announced its quarterly earnings data on Thursday, February 27th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.32). As a group, research analysts predict that PureCycle Technologies, Inc. will post -1.01 earnings per share for the current 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.