WINTON GROUP Ltd Buys Shares of 23,843 PureCycle Technologies, Inc. (NASDAQ:PCT)

WINTON GROUP Ltd purchased a new position in shares of PureCycle Technologies, Inc. (NASDAQ:PCT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 23,843 shares of the company’s stock, valued at approximately $244,000.

Several other institutional investors and hedge funds have also modified their holdings of PCT. Intech Investment Management LLC acquired a new position in PureCycle Technologies during the 3rd quarter worth approximately $310,000. Charles Schwab Investment Management Inc. increased its holdings in shares of PureCycle Technologies by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,100,281 shares of the company’s stock worth $10,453,000 after buying an additional 19,989 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of PureCycle Technologies by 32.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 64,196 shares of the company’s stock valued at $610,000 after acquiring an additional 15,837 shares during the last quarter. FMR LLC boosted its holdings in shares of PureCycle Technologies by 0.5% during the 3rd quarter. FMR LLC now owns 230,755 shares of the company’s stock valued at $2,192,000 after acquiring an additional 1,083 shares in the last quarter. Finally, IHT Wealth Management LLC bought a new stake in PureCycle Technologies during the 3rd quarter worth $485,000. 63.01% of the stock is currently owned by institutional investors.

PureCycle Technologies Price Performance

PureCycle Technologies stock opened at $7.02 on Monday. The company has a market capitalization of $1.26 billion, a PE ratio of -4.68 and a beta of 1.55. 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 stock has a 50-day moving average price of $8.84 and a two-hundred day moving average price of $10.26. PureCycle Technologies, Inc. has a 12 month low of $4.50 and a 12 month high of $15.58.

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

Insider Transactions at PureCycle Technologies

In related news, major shareholder Sylebra Capital Llc acquired 619,925 shares of the stock in a transaction dated Thursday, February 6th. The stock was bought at an average cost of $8.06 per share, for a total transaction 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 $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 link. 2.09% of the stock is owned by company insiders.

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.