Proficio Capital Partners LLC Purchases Shares of 12,423 PureCycle Technologies, Inc. (NASDAQ:PCT)

Proficio Capital Partners LLC purchased a new position in shares of PureCycle Technologies, Inc. (NASDAQ:PCT) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 12,423 shares of the company’s stock, valued at approximately $127,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Highview Capital Management LLC DE purchased a new position in PureCycle Technologies in the fourth quarter valued at about $324,000. Sylebra Capital LLC increased its position in PureCycle Technologies by 14.6% in the third quarter. Sylebra Capital LLC now owns 33,457,649 shares of the company’s stock worth $317,848,000 after buying an additional 4,264,393 shares during the period. IHT Wealth Management LLC acquired a new position in PureCycle Technologies during the 3rd quarter valued at about $485,000. Drive Wealth Management LLC increased its holdings in shares of PureCycle Technologies by 767.7% during the fourth quarter. Drive Wealth Management LLC now owns 308,027 shares of the company’s stock valued at $3,157,000 after purchasing an additional 272,527 shares during the period. Finally, Sanctuary Advisors LLC lifted its position in PureCycle Technologies by 77.2% in the third quarter. Sanctuary Advisors LLC now owns 206,339 shares of the company’s stock worth $1,960,000 after purchasing an additional 89,875 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

PureCycle Technologies Stock Down 4.9 %

NASDAQ PCT opened at $7.02 on Friday. PureCycle Technologies, Inc. has a 12 month low of $4.50 and a 12 month high of $15.58. The company’s 50 day simple moving average is $8.84 and its 200 day simple moving average is $10.20. The company has a market capitalization of $1.26 billion, a P/E ratio of -4.68 and a beta of 1.55. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.74 and a quick ratio of 1.63.

PureCycle Technologies (NASDAQ:PCT) last issued its earnings results on Thursday, February 27th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.32). Equities research analysts expect that PureCycle Technologies, Inc. will post -1.01 earnings per share for the current fiscal year.

Insider Transactions at PureCycle Technologies

In related news, major shareholder Sylebra Capital Llc purchased 619,925 shares of PureCycle Technologies stock in a transaction on Thursday, February 6th. The stock was bought at an average price of $8.06 per share, with a total value of $4,996,595.50. Following the completion of the transaction, the insider now directly owns 34,077,574 shares of the company’s stock, valued at approximately $274,665,246.44. This represents a 1.85 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.09% of the stock is currently owned by company insiders.

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.