Virtu Financial LLC Makes New $289,000 Investment in PureCycle Technologies, Inc. (NASDAQ:PCT)

Virtu Financial LLC bought a new stake in PureCycle Technologies, Inc. (NASDAQ:PCT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 28,227 shares of the company’s stock, valued at approximately $289,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PCT. Jones Financial Companies Lllp raised its position in PureCycle Technologies by 286.0% in the fourth quarter. Jones Financial Companies Lllp now owns 3,092 shares of the company’s stock worth $32,000 after acquiring an additional 2,291 shares in the last quarter. US Bancorp DE grew its stake in shares of PureCycle Technologies by 141.5% during the 4th quarter. US Bancorp DE now owns 3,446 shares of the company’s stock worth $35,000 after purchasing an additional 2,019 shares during the period. Keudell Morrison Wealth Management purchased a new position in shares of PureCycle Technologies in the 4th quarter valued at about $117,000. Cibc World Markets Corp acquired a new stake in shares of PureCycle Technologies in the fourth quarter valued at about $118,000. Finally, Proficio Capital Partners LLC purchased a new stake in PureCycle Technologies during the fourth quarter worth about $127,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

PureCycle Technologies Trading Down 1.9 %

Shares of PureCycle Technologies stock opened at $7.38 on Friday. The company has a 50-day moving average of $8.89 and a two-hundred day moving average of $10.18. PureCycle Technologies, Inc. has a 12-month low of $4.50 and a 12-month high of $15.58. The company has a current ratio of 1.74, a quick ratio of 1.63 and a debt-to-equity ratio of 1.36. The stock has a market cap of $1.32 billion, a PE ratio of -4.92 and a beta of 1.55.

PureCycle Technologies (NASDAQ:PCT) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.32). On average, research analysts anticipate that PureCycle Technologies, Inc. will post -1.01 EPS for the current fiscal year.

Insider Transactions at PureCycle Technologies

In other PureCycle Technologies news, major shareholder Sylebra Capital Llc acquired 619,925 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was acquired at an average cost of $8.06 per share, with a total value of $4,996,595.50. Following the purchase, the insider now directly owns 34,077,574 shares in the company, valued at approximately $274,665,246.44. This trade represents a 1.85 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.09% of the company’s stock.

PureCycle Technologies Company 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.