Swiss National Bank Acquires 12,300 Shares of PureCycle Technologies, Inc. (NASDAQ:PCT)

Swiss National Bank lifted its holdings in shares of PureCycle Technologies, Inc. (NASDAQ:PCT) by 5.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 238,800 shares of the company’s stock after purchasing an additional 12,300 shares during the period. Swiss National Bank’s holdings in PureCycle Technologies were worth $2,448,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Miller Financial Services LLC purchased a new position in PureCycle Technologies during the 4th quarter valued at $137,000. Haven Private LLC bought a new stake in shares of PureCycle Technologies during the 4th quarter valued at about $387,000. Ethos Financial Group LLC purchased a new position in shares of PureCycle Technologies during the fourth quarter valued at about $2,941,000. Raymond James Financial Inc. bought a new position in PureCycle Technologies in the fourth quarter worth about $1,415,000. Finally, Arizona State Retirement System boosted its position in PureCycle Technologies by 6.1% during the 4th quarter. Arizona State Retirement System now owns 35,217 shares of the company’s stock valued at $361,000 after acquiring an additional 2,033 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

PureCycle Technologies Stock Down 1.9 %

Shares of NASDAQ:PCT opened at $7.38 on Friday. The firm has a market capitalization of $1.32 billion, a P/E ratio of -4.92 and a beta of 1.55. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.63 and a current ratio of 1.74. The stock has a 50 day moving average price of $8.89 and a 200-day moving average price of $10.18. PureCycle Technologies, Inc. has a 52-week low of $4.50 and a 52-week high of $15.58.

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, equities research analysts anticipate that PureCycle Technologies, Inc. will post -1.01 EPS for the current fiscal year.

Insider Transactions at PureCycle Technologies

In other PureCycle Technologies news, major shareholder Sylebra Capital Llc acquired 619,925 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were acquired at an average cost of $8.06 per share, with a total value of $4,996,595.50. Following the transaction, the insider now owns 34,077,574 shares of the company’s stock, valued at $274,665,246.44. The trade was a 1.85 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.09% of the company’s stock.

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.