Patriot Financial Group Insurance Agency LLC Boosts Holdings in PureCycle Technologies, Inc. (NYSE:PCT)

Patriot Financial Group Insurance Agency LLC raised its stake in shares of PureCycle Technologies, Inc. (NYSE:PCT) by 7.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,846 shares of the company’s stock after buying an additional 1,850 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in PureCycle Technologies were worth $159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Foster Victor Wealth Advisors LLC lifted its position in PureCycle Technologies by 6.7% in the second quarter. Foster Victor Wealth Advisors LLC now owns 31,951 shares of the company’s stock worth $192,000 after buying an additional 2,000 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in PureCycle Technologies by 1.1% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 183,600 shares of the company’s stock valued at $1,087,000 after purchasing an additional 2,083 shares during the last quarter. Sovereign Financial Group Inc. raised its position in PureCycle Technologies by 11.0% in the 4th quarter. Sovereign Financial Group Inc. now owns 26,700 shares of the company’s stock worth $108,000 after purchasing an additional 2,652 shares during the period. Victory Capital Management Inc. lifted its stake in PureCycle Technologies by 22.5% in the fourth quarter. Victory Capital Management Inc. now owns 17,004 shares of the company’s stock worth $69,000 after purchasing an additional 3,128 shares during the last quarter. Finally, Nwam LLC boosted its position in shares of PureCycle Technologies by 20.6% during the first quarter. Nwam LLC now owns 18,838 shares of the company’s stock valued at $117,000 after buying an additional 3,217 shares during the period. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

PCT has been the subject of a number of research analyst reports. Craig Hallum lifted their price objective on shares of PureCycle Technologies from $4.00 to $6.00 and gave the company a “hold” rating in a report on Friday, August 9th. TD Cowen upped their target price on PureCycle Technologies from $7.50 to $10.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Stifel Nicolaus boosted their price target on shares of PureCycle Technologies from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $6.75.

PureCycle Technologies Trading Down 0.3 %

PCT traded down $0.02 during trading hours on Wednesday, reaching $5.94. The company’s stock had a trading volume of 332,032 shares, compared to its average volume of 2,134,391. The business’s 50-day moving average is $6.13 and its 200-day moving average is $5.69. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.67 and a quick ratio of 0.54. The stock has a market cap of $977.91 million, a PE ratio of -5.84 and a beta of 1.62. PureCycle Technologies, Inc. has a fifty-two week low of $2.38 and a fifty-two week high of $9.54.

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.