WINTON GROUP Ltd Buys New Shares in PureCycle Technologies, Inc. (NASDAQ:PCT)

WINTON GROUP Ltd purchased a new position in PureCycle Technologies, Inc. (NASDAQ:PCT) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 23,843 shares of the company’s stock, valued at approximately $244,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Highview Capital Management LLC DE bought a new position in shares of PureCycle Technologies during the 4th quarter worth about $324,000. Sylebra Capital LLC grew its stake in PureCycle Technologies by 14.6% in the third quarter. Sylebra Capital LLC now owns 33,457,649 shares of the company’s stock valued at $317,848,000 after acquiring an additional 4,264,393 shares during the period. IHT Wealth Management LLC bought a new stake in shares of PureCycle Technologies during the third quarter valued at approximately $485,000. Drive Wealth Management LLC raised its position 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 worth $3,157,000 after purchasing an additional 272,527 shares during the period. Finally, Sanctuary Advisors LLC lifted its holdings in shares of PureCycle Technologies by 77.2% in the 3rd 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 in the last quarter. 63.01% of the stock is owned by institutional investors.

PureCycle Technologies Stock Performance

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

PureCycle Technologies (NASDAQ:PCT) last posted 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). Analysts forecast that PureCycle Technologies, Inc. will post -1.01 EPS for the current fiscal year.

Insider Transactions at PureCycle Technologies

In other news, major shareholder Sylebra Capital Llc acquired 619,925 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were purchased at an average cost of $8.06 per share, with a total value of $4,996,595.50. Following the acquisition, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.09% of the company’s stock.

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.