PureCycle Technologies, Inc. (NYSE:PCT – Get Free Report) Director Steven F. Bouck purchased 8,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were purchased at an average price of $3.90 per share, for a total transaction of $31,200.00. Following the completion of the purchase, the director now directly owns 41,640 shares of the company’s stock, valued at $162,396. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
PureCycle Technologies Trading Up 6.3 %
PCT stock opened at $4.41 on Friday. PureCycle Technologies, Inc. has a 1-year low of $3.05 and a 1-year high of $11.89. The firm has a market cap of $723.50 million, a P/E ratio of -7.87 and a beta of 1.53. The business’s 50 day moving average is $5.11 and its 200-day moving average is $7.75. The company has a current ratio of 4.95, a quick ratio of 4.95 and a debt-to-equity ratio of 1.15.
Analyst Ratings Changes
PCT has been the topic of several research reports. Stifel Nicolaus lowered their price target on PureCycle Technologies from $15.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, November 10th. Oppenheimer lowered PureCycle Technologies from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 9th. Finally, Roth Mkm reiterated a “buy” rating and issued a $12.50 price objective on shares of PureCycle Technologies in a research note on Thursday, September 14th.
Institutional Investors Weigh In On PureCycle Technologies
Large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. bought a new stake in PureCycle Technologies during the 1st quarter worth approximately $81,000. Advisor Group Holdings Inc. grew its position in PureCycle Technologies by 53.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 18,998 shares of the company’s stock worth $153,000 after acquiring an additional 6,623 shares during the last quarter. Principal Financial Group Inc. bought a new stake in PureCycle Technologies during the 1st quarter worth approximately $83,000. JPMorgan Chase & Co. grew its position in PureCycle Technologies by 21.5% during the 1st quarter. JPMorgan Chase & Co. now owns 49,391 shares of the company’s stock worth $395,000 after acquiring an additional 8,743 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in PureCycle Technologies by 4.2% during the 1st quarter. Bank of New York Mellon Corp now owns 200,692 shares of the company’s stock worth $1,605,000 after acquiring an additional 8,096 shares during the last quarter. 62.23% of the stock is currently owned by institutional investors.
PureCycle Technologies Company Profile
PureCycle Technologies, Inc produces recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled resin. Its recycling process separates color, odor, and other contaminants from plastic waste feedstock to transform it into virgin-like resin. PureCycle Technologies, Inc was founded in 2015 and is headquartered in Orlando, Florida.
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