28,227 Shares in PureCycle Technologies, Inc. (NASDAQ:PCT) Purchased by Virtu Financial LLC

Virtu Financial LLC purchased a new position in shares of PureCycle Technologies, Inc. (NASDAQ:PCT) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 28,227 shares of the company’s stock, valued at approximately $289,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp lifted its stake in shares of PureCycle Technologies by 286.0% during 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. US Bancorp DE raised its holdings in PureCycle Technologies by 141.5% in the 4th quarter. US Bancorp DE now owns 3,446 shares of the company’s stock valued at $35,000 after acquiring an additional 2,019 shares during the last quarter. Keudell Morrison Wealth Management purchased a new position in shares of PureCycle Technologies during the 4th quarter worth $117,000. Cibc World Markets Corp acquired a new stake in shares of PureCycle Technologies during the fourth quarter worth $118,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of PureCycle Technologies in the fourth quarter valued at $127,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, major shareholder Sylebra Capital Llc purchased 619,925 shares of the stock in a transaction on Thursday, February 6th. The stock was purchased 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 owns 34,077,574 shares in the company, valued at approximately $274,665,246.44. The trade was a 1.85 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.09% of the stock is currently owned by insiders.

PureCycle Technologies Stock Performance

NASDAQ PCT opened at $7.38 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.63 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $1.32 billion, a PE ratio of -4.92 and a beta of 1.55. The business’s 50-day moving average price is $8.89 and its 200 day moving average price is $10.18. PureCycle Technologies, Inc. has a twelve month low of $4.50 and a twelve month high of $15.58.

PureCycle Technologies (NASDAQ:PCT) last announced its quarterly earnings data on Thursday, February 27th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.32). On average, 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.