PureCycle Technologies, Inc. (NASDAQ:PCT) Shares Sold by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its position in PureCycle Technologies, Inc. (NASDAQ:PCT) by 96.6% in the 4th quarter, Holdings Channel reports. The firm owned 11,462 shares of the company’s stock after selling 325,403 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in PureCycle Technologies were worth $117,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PCT. Jones Financial Companies Lllp raised its position in shares of PureCycle Technologies by 286.0% in the fourth quarter. Jones Financial Companies Lllp now owns 3,092 shares of the company’s stock valued at $32,000 after buying an additional 2,291 shares during the last quarter. US Bancorp DE raised its holdings in PureCycle Technologies by 141.5% in the 4th quarter. US Bancorp DE now owns 3,446 shares of the company’s stock valued at $35,000 after acquiring an additional 2,019 shares during the last quarter. Keudell Morrison Wealth Management purchased a new position in PureCycle Technologies in the 4th quarter worth approximately $117,000. Cibc World Markets Corp acquired a new position in shares of PureCycle Technologies during the 4th quarter worth approximately $118,000. Finally, Sei Investments Co. purchased a new stake in shares of PureCycle Technologies in the fourth quarter valued at approximately $126,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

PureCycle Technologies Price Performance

NASDAQ:PCT opened at $7.02 on Friday. The stock has a 50 day moving average price of $8.84 and a 200 day moving average price of $10.20. The stock has a market cap of $1.26 billion, a PE ratio of -4.68 and a beta of 1.55. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.63 and a current ratio of 1.74. PureCycle Technologies, Inc. has a one year low of $4.50 and a one year high of $15.58.

PureCycle Technologies (NASDAQ:PCT) last posted its quarterly 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). Equities research analysts expect that PureCycle Technologies, Inc. will post -1.01 EPS for the current fiscal year.

Insider Buying and Selling at PureCycle Technologies

In other PureCycle Technologies news, major shareholder Sylebra Capital Llc bought 619,925 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was bought at an average price of $8.06 per share, with a total value of $4,996,595.50. Following the completion of the purchase, the insider now directly owns 34,077,574 shares in the company, 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 currently owned by company insiders.

About PureCycle Technologies

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.