7,800 Shares in PureCycle Technologies, Inc. (NASDAQ:PCT) Bought by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. bought 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 bought 7,800 shares of the company’s stock, valued at approximately $80,000.

A number of other hedge funds also recently bought and sold shares of the company. Sylebra Capital LLC lifted its position in shares of PureCycle Technologies by 14.6% during the 3rd quarter. Sylebra Capital LLC now owns 33,457,649 shares of the company’s stock worth $317,848,000 after purchasing an additional 4,264,393 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of PureCycle Technologies by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 14,100,507 shares of the company’s stock worth $144,530,000 after buying an additional 758,382 shares during the last quarter. Ethos Financial Group LLC bought a new stake in shares of PureCycle Technologies in the fourth quarter valued at approximately $2,941,000. Drive Wealth Management LLC grew its stake in shares of PureCycle Technologies by 767.7% in the fourth quarter. Drive Wealth Management LLC now owns 308,027 shares of the company’s stock worth $3,157,000 after acquiring an additional 272,527 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in PureCycle Technologies during the fourth quarter worth $1,415,000. 63.01% of the stock is currently owned by institutional investors.

PureCycle Technologies Price Performance

Shares of PureCycle Technologies stock opened at $6.83 on Wednesday. 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 company has a market cap of $1.22 billion, a PE ratio of -4.55 and a beta of 1.55. The firm has a fifty day moving average price of $8.73 and a two-hundred day moving average price of $10.24. PureCycle Technologies, Inc. has a fifty-two week low of $4.50 and a fifty-two week high of $15.58.

PureCycle Technologies (NASDAQ:PCT) last released its earnings results on Thursday, February 27th. The company reported ($0.54) earnings per share 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 Activity

In other PureCycle Technologies news, major shareholder Sylebra Capital Llc bought 619,925 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were acquired at an average cost of $8.06 per share, for a total transaction of $4,996,595.50. Following 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 acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 11.44% of the stock is currently owned by company insiders.

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.