PureCycle Technologies, Inc. $PCT Shares Purchased by SWS Partners

SWS Partners boosted its position in PureCycle Technologies, Inc. (NASDAQ:PCT) by 31.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 988,463 shares of the company’s stock after buying an additional 238,947 shares during the period. PureCycle Technologies makes up approximately 1.6% of SWS Partners’ investment portfolio, making the stock its 15th largest holding. SWS Partners owned 0.55% of PureCycle Technologies worth $8,491,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PCT. Lake Hills Wealth Management LLC lifted its stake in PureCycle Technologies by 1.3% during the 3rd quarter. Lake Hills Wealth Management LLC now owns 67,148 shares of the company’s stock valued at $883,000 after acquiring an additional 878 shares during the period. First National Advisers LLC boosted its holdings in shares of PureCycle Technologies by 0.4% in the 3rd quarter. First National Advisers LLC now owns 212,791 shares of the company’s stock valued at $2,799,000 after acquiring an additional 932 shares during the last quarter. Fourpath Capital Management LLC increased its stake in shares of PureCycle Technologies by 5.3% in the third quarter. Fourpath Capital Management LLC now owns 26,456 shares of the company’s stock worth $348,000 after acquiring an additional 1,325 shares during the period. Cherry Creek Investment Advisors Inc. raised its holdings in shares of PureCycle Technologies by 6.0% during the third quarter. Cherry Creek Investment Advisors Inc. now owns 24,787 shares of the company’s stock worth $326,000 after purchasing an additional 1,395 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in shares of PureCycle Technologies by 4.3% during the first quarter. Integrated Wealth Concepts LLC now owns 36,571 shares of the company’s stock worth $253,000 after purchasing an additional 1,516 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

PureCycle Technologies Trading Down 1.5%

PureCycle Technologies stock opened at $5.11 on Thursday. The firm has a market cap of $923.53 million, a PE ratio of -4.22 and a beta of 2.10. PureCycle Technologies, Inc. has a 12 month low of $4.93 and a 12 month high of $17.37. The stock’s 50 day simple moving average is $7.74 and its two-hundred day simple moving average is $9.80. The company has a current ratio of 2.26, a quick ratio of 2.15 and a debt-to-equity ratio of 7.62.

PureCycle Technologies (NASDAQ:PCT) last posted its earnings results on Thursday, February 26th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.17). PureCycle Technologies had a negative net margin of 2,185.10% and a negative return on equity of 204.74%. The firm had revenue of $2.70 million for the quarter, compared to analysts’ expectations of $6.37 million. Analysts anticipate that PureCycle Technologies, Inc. will post -1.01 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PCT shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PureCycle Technologies in a report on Thursday, January 22nd. Cantor Fitzgerald reduced their price objective on PureCycle Technologies from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.00.

About PureCycle Technologies

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.