Brown Brothers Harriman & Co. Makes New $80,000 Investment in PureCycle Technologies, Inc. (NASDAQ:PCT)

Brown Brothers Harriman & Co. bought a new stake in PureCycle Technologies, Inc. (NASDAQ:PCT) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,800 shares of the company’s stock, valued at approximately $80,000.

Several other large investors have also made changes to their positions in PCT. Jones Financial Companies Lllp raised its position in PureCycle Technologies by 286.0% in the 4th quarter. Jones Financial Companies Lllp now owns 3,092 shares of the company’s stock valued at $32,000 after purchasing an additional 2,291 shares during the last quarter. US Bancorp DE raised its holdings in shares of PureCycle Technologies by 141.5% in the fourth quarter. US Bancorp DE now owns 3,446 shares of the company’s stock valued at $35,000 after buying an additional 2,019 shares during the last quarter. Keudell Morrison Wealth Management bought a new position in shares of PureCycle Technologies in the fourth quarter valued at about $117,000. Cibc World Markets Corp acquired a new position in PureCycle Technologies during the 4th quarter worth about $118,000. Finally, Sei Investments Co. bought a new stake in PureCycle Technologies during the 4th quarter worth about $126,000. Institutional investors own 63.01% of the company’s stock.

Insider Buying and Selling at PureCycle Technologies

In related news, major shareholder Sylebra Capital Llc purchased 619,925 shares of PureCycle Technologies 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 directly owns 34,077,574 shares of the company’s stock, valued at approximately $274,665,246.44. This trade represents a 1.85 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 11.44% of the company’s stock.

PureCycle Technologies Trading Down 1.3 %

Shares of NASDAQ PCT opened at $6.83 on Wednesday. PureCycle Technologies, Inc. has a 1-year low of $4.50 and a 1-year high of $15.58. The company has a 50-day moving average of $8.73 and a two-hundred day moving average of $10.24. The company has a market cap of $1.22 billion, a PE ratio of -4.55 and a beta of 1.55. The company has a current ratio of 1.74, a quick ratio of 1.63 and a debt-to-equity ratio of 1.36.

PureCycle Technologies (NASDAQ:PCT) last posted its quarterly earnings data on Thursday, February 27th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.32). As a group, equities analysts expect that PureCycle Technologies, Inc. will post -1.01 earnings per share for the current fiscal year.

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.