PureCycle Technologies, Inc. (NASDAQ:PCT) Shares Sold by Level Four Advisory Services LLC

Level Four Advisory Services LLC trimmed its position in shares of PureCycle Technologies, Inc. (NASDAQ:PCT) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,991 shares of the company’s stock after selling 5,500 shares during the quarter. Level Four Advisory Services LLC’s holdings in PureCycle Technologies were worth $564,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new stake in PureCycle Technologies in the third quarter valued at $310,000. Charles Schwab Investment Management Inc. boosted its holdings in 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 boosted its holdings in PureCycle Technologies by 32.7% during the third quarter. The Manufacturers Life Insurance Company now owns 64,196 shares of the company’s stock worth $610,000 after buying an additional 15,837 shares in the last quarter. FMR LLC grew its position in PureCycle Technologies by 0.5% during the third quarter. FMR LLC now owns 230,755 shares of the company’s stock worth $2,192,000 after buying an additional 1,083 shares during the period. Finally, IHT Wealth Management LLC purchased a new position in PureCycle Technologies in the third quarter valued at about $485,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

PureCycle Technologies Price Performance

Shares of NASDAQ:PCT opened at $7.02 on Monday. The firm has a market capitalization of $1.26 billion, a price-to-earnings 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. The business’s 50 day simple moving average is $8.84 and its 200-day simple moving average is $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 posted its earnings results on Thursday, February 27th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.32). As a group, equities analysts forecast that PureCycle Technologies, Inc. will post -1.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Sylebra Capital Llc bought 619,925 shares of PureCycle Technologies stock in a transaction that occurred on Thursday, February 6th. The shares were purchased at an average price of $8.06 per share, with a total value of $4,996,595.50. Following the purchase, the insider now owns 34,077,574 shares in the company, valued at $274,665,246.44. This represents a 1.85 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.09% of the company’s stock.

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.