PureCycle Technologies, Inc. (NYSE:PCT) Director Sells $668662.02 in Stock – Defense World
Posted by admin on Jun 25th, 2022 
PureCycle Technologies, Inc. (NYSE:PCT – Get Rating) Director John Stewart Scott sold 77,571 shares of the firm’s stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $8.62, for a total value of $668,662.02. Following the transaction, the director now directly owns 1,542,138 shares in the company, valued at $13,293,229.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
NYSE PCT opened at $8.07 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 19.10 and a quick ratio of 19.10. The stock has a market capitalization of $1.32 billion, a PE ratio of -12.61 and a beta of 1.10. PureCycle Technologies, Inc. has a 1 year low of $4.94 and a 1 year high of $26.15. The business’s 50-day moving average is $8.53 and its 200 day moving average is $8.14.
PureCycle Technologies (NYSE:PCT – Get Rating) last issued its quarterly earnings data on Tuesday, March 29th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.03. As a group, equities research analysts anticipate that PureCycle Technologies, Inc. will post -0.65 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Arizona State Retirement System lifted its holdings in PureCycle Technologies by 7.0% in the first quarter. Arizona State Retirement System now owns 20,278 shares of the company’s stock worth $162,000 after buying an additional 1,326 shares during the period. Cetera Advisor Networks LLC lifted its holdings in PureCycle Technologies by 4.7% in the third quarter. Cetera Advisor Networks LLC now owns 31,048 shares of the company’s stock worth $412,000 after buying an additional 1,399 shares during the period. Exos Asset Management LLC lifted its holdings in PureCycle Technologies by 10.9% in the first quarter. Exos Asset Management LLC now owns 14,883 shares of the company’s stock worth $119,000 after buying an additional 1,463 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of PureCycle Technologies by 14.5% during the first quarter. Teacher Retirement System of Texas now owns 15,492 shares of the company’s stock valued at $124,000 after purchasing an additional 1,959 shares during the last quarter. Finally, Dark Forest Capital Management LP purchased a new position in shares of PureCycle Technologies during the third quarter valued at approximately $28,000. Institutional investors and hedge funds own 40.86% of the company’s stock.
A number of brokerages have recently issued reports on PCT. Oppenheimer reaffirmed a “buy” rating and set a $16.00 price objective on shares of PureCycle Technologies in a research note on Thursday, April 14th. Craig Hallum cut their target price on PureCycle Technologies from $26.00 to $18.00 in a research note on Thursday, March 10th.
About PureCycle Technologies (Get Rating)
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. The company was founded in 2015 and is headquartered in Orlando, Florida.
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