Sei Investments Co. Takes $126,000 Position in PureCycle Technologies, Inc. (NASDAQ:PCT)

Sei Investments Co. bought a new position in PureCycle Technologies, Inc. (NASDAQ:PCT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,339 shares of the company’s stock, valued at approximately $126,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. American Century Companies Inc. lifted its position in PureCycle Technologies by 15.7% during the 4th quarter. American Century Companies Inc. now owns 305,529 shares of the company’s stock worth $3,132,000 after acquiring an additional 41,520 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of PureCycle Technologies during the 4th quarter worth about $289,000. Cibc World Markets Corp bought a new stake in PureCycle Technologies during the 4th quarter valued at approximately $118,000. Corient Private Wealth LLC grew its holdings in PureCycle Technologies by 29.5% in the 4th quarter. Corient Private Wealth LLC now owns 59,285 shares of the company’s stock valued at $608,000 after buying an additional 13,500 shares during the last quarter. Finally, Swiss National Bank grew its holdings in PureCycle Technologies by 5.4% in the 4th quarter. Swiss National Bank now owns 238,800 shares of the company’s stock valued at $2,448,000 after buying an additional 12,300 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Insider Activity

In other news, major shareholder Sylebra Capital Llc bought 619,925 shares of PureCycle Technologies stock in a transaction that occurred on Thursday, February 6th. The stock was purchased at an average cost of $8.06 per share, with a total value of $4,996,595.50. Following the completion of the transaction, the insider now directly owns 34,077,574 shares in the company, valued at $274,665,246.44. This trade represents a 1.85 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.44% of the stock is owned by company insiders.

PureCycle Technologies Stock Up 5.2 %

Shares of PCT stock opened at $6.23 on Friday. PureCycle Technologies, Inc. has a 12 month low of $4.50 and a 12 month high of $15.58. The company has a quick ratio of 1.63, a current ratio of 1.74 and a debt-to-equity ratio of 1.36. The firm has a market cap of $1.12 billion, a PE ratio of -4.15 and a beta of 1.68. The stock has a 50 day moving average of $8.11 and a 200-day moving average of $10.02.

PureCycle Technologies (NASDAQ:PCT) last released its 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). On average, equities analysts predict 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.