First National Bank of Omaha Takes $1.41 Million Position in PureCycle Technologies, Inc. $PCT

First National Bank of Omaha purchased a new position in PureCycle Technologies, Inc. (NASDAQ:PCT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 173,182 shares of the company’s stock, valued at approximately $1,405,000. First National Bank of Omaha owned approximately 0.10% of PureCycle Technologies at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Rokos Capital Management LLP purchased a new position in shares of PureCycle Technologies in the 1st quarter worth about $7,526,000. SWS Partners purchased a new position in PureCycle Technologies during the second quarter valued at $11,637,000. Simplify Asset Management Inc. grew its stake in shares of PureCycle Technologies by 227.4% during the 4th quarter. Simplify Asset Management Inc. now owns 1,933,564 shares of the company’s stock valued at $16,609,000 after acquiring an additional 1,342,955 shares during the period. HRT Financial LP boosted its position in shares of PureCycle Technologies by 208.2% in the fourth quarter. HRT Financial LP now owns 1,072,543 shares of the company’s stock worth $9,213,000 after purchasing an additional 724,495 shares during the period. Finally, Indivisible Partners bought a new position in PureCycle Technologies in the 4th quarter worth $5,803,000. Institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on PCT shares. TD Cowen dropped their price target on PureCycle Technologies from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Friday, May 8th. Weiss Ratings restated a “sell (e+)” rating on shares of PureCycle Technologies in a research report on Friday, June 5th. Cantor Fitzgerald reduced their price target on PureCycle Technologies from $14.00 to $12.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. Alembic Global Advisors set a $16.00 target price on PureCycle Technologies in a research report on Tuesday, June 16th. Finally, Northland Securities set a $13.00 price objective on PureCycle Technologies in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.75.

PureCycle Technologies Stock Up 4.2%

PCT stock opened at $7.17 on Thursday. The firm’s fifty day simple moving average is $7.27 and its 200-day simple moving average is $7.94. The company has a market capitalization of $1.44 billion, a P/E ratio of -4.91 and a beta of 2.57. The company has a debt-to-equity ratio of 27.37, a current ratio of 2.60 and a quick ratio of 2.42. PureCycle Technologies, Inc. has a 12 month low of $4.93 and a 12 month high of $15.49.

PureCycle Technologies (NASDAQ:PCT) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.80) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.51). The company had revenue of $4.51 million for the quarter, compared to analysts’ expectations of $6.11 million. PureCycle Technologies had a negative net margin of 1,618.84% and a negative return on equity of 612.39%. As a group, equities research analysts forecast that PureCycle Technologies, Inc. will post -0.9 earnings per share for the current year.

PureCycle Technologies Company Profile

PureCycle Technologies, Inc operates as a recycling technology company focused on restoring waste polypropylene to a “virgin-like” state through a proprietary purification process licensed from Procter & Gamble. The company develops, owns and operates recycling facilities that convert used polypropylene feedstock—such as packaging and industrial plastics—into ultra‐pure recycled resin. This resin, known as Qualified Recycled Polymer (QRP), is designed to meet stringent quality specifications for applications in packaging, consumer goods and industrial products.

Headquartered in Orlando, Florida, PureCycle was established with technology development efforts dating back to licensing agreements in the mid-2010s and later spun off as a publicly traded entity in 2021.