Foster Victor Wealth Advisors LLC acquired PureCycle Technologies, Inc. (NYSE:PCT – Rating ) purchased a new stake in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 17,448 shares of the company’s stock, valued at approximately $118,000.

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Several other hedge funds have also recently modified their holdings of the business. Envestnet Asset Management Inc. acquired a new stake in shares of PureCycle Technologies in the first quarter worth $81,000. Principal Financial Group Inc. acquired a new stake in shares of PureCycle Technologies in the first quarter worth about $83,000. Victory Capital Management Inc. purchased a new stake in PureCycle Technologies during the third quarter valued at approximately $97,000. Sigma Planning Corp purchased a new position in PureCycle Technologies during the 3rd quarter valued at approximately $103,000. Finally, First National Advisors LLC acquired a new stake in PureCycle Technologies during the 3rd quarter valued at approximately $111,000. Hedge funds and other institutional investors own 83.82% of the company’s shares.

Analyzer upgrades and downgrades

Separately, Oppenheimer cut their price objective on shares of PureCycle Technologies from $14.00 to $10.00 and set an “outperform” rating on the stock in a research note on Friday, March 17th.

PureCycle Technology Stock Performance

Shares of PCT stock opened at $6.16 on Friday. PureCycle Technologies, Inc. has a 52-week low of $4.44 and a 52-week high of $10.95. The company has a quick ratio of 6.17, a current ratio of 6.17 and a debt-to-equity ratio of 0.46. The stock has a market cap of $1.01 billion, a PE ratio of -11.41 and a beta of 0.95. The business has a 50-day simple moving average of $6.62 and a 200-day simple moving average of $7.14.

PureCycle Technologies (NYSE:PCT – Get Rating ) last announced its quarterly earnings results on Wednesday, March 15th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.09. On average, equities analysts expect that PureCycle Technologies, Inc. will post -0.4 EPS for the current year.

About PureCycle Technologies

(Get Rating)

PureCycle Technologies, Inc. manufactures recycled polypropylene (PP). The company has a license to restore waste PP into ultra-pure recycled resin. Its recycling process separates color, odor and other pollutants from the plastic waste feedstock and converts it into a virgin resin. The company was founded in 2015 and is headquartered in Orlando, Florida.

Further reading

Institutional Ownership by Quarter for PureCycle Technologies (NYSE:PCT).

This real-time news alert was generated by anecdotal technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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