PureCycle Technologies, Inc. (NASDAQ:PCT) Stock Holdings Trimmed by GFS Advisors LLC

GFS Advisors LLC lowered its position in shares of PureCycle Technologies, Inc. (NASDAQ:PCT) by 10.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,100 shares of the company’s stock after selling 2,000 shares during the quarter. GFS Advisors LLC’s holdings in PureCycle Technologies were worth $125,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Duquesne Family Office LLC bought a new stake in shares of PureCycle Technologies in the 4th quarter valued at approximately $16,323,000. T. Rowe Price Investment Management Inc. bought a new position in PureCycle Technologies during the fourth quarter worth $13,859,000. Vanguard Group Inc. boosted its holdings in PureCycle Technologies by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 14,100,507 shares of the company’s stock worth $144,530,000 after purchasing an additional 758,382 shares during the period. Huntleigh Advisors Inc. acquired a new position in PureCycle Technologies in the first quarter worth $4,844,000. Finally, Polar Asset Management Partners Inc. bought a new stake in PureCycle Technologies during the fourth quarter valued at $3,290,000. Institutional investors own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

PCT has been the subject of several research reports. Wall Street Zen raised shares of PureCycle Technologies from a “sell” rating to a “hold” rating in a report on Saturday, June 14th. TD Cowen cut their target price on shares of PureCycle Technologies from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, PureCycle Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

PureCycle Technologies Price Performance

Shares of NASDAQ PCT opened at $13.69 on Thursday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.55 and a quick ratio of 0.45. The firm has a market capitalization of $2.46 billion, a PE ratio of -11.70 and a beta of 1.80. PureCycle Technologies, Inc. has a 1-year low of $4.50 and a 1-year high of $15.58. The business’s fifty day moving average price is $8.47 and its two-hundred day moving average price is $9.09.

PureCycle Technologies (NASDAQ:PCT) last posted its earnings results on Wednesday, May 7th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.02). The business had revenue of $1.58 million for the quarter, compared to analysts’ expectations of $4.27 million. On average, research analysts expect that PureCycle Technologies, Inc. will post -1.01 EPS for the current 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.