Dynamic Advisor Solutions LLC Has $617,000 Stock Holdings in PureCycle Technologies, Inc. (NYSE:PCT)

Dynamic Advisor Solutions LLC grew its holdings in shares of PureCycle Technologies, Inc. (NYSE:PCTFree Report) by 79.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,900 shares of the company’s stock after buying an additional 28,800 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in PureCycle Technologies were worth $617,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Longview Asset Management LLC bought a new position in shares of PureCycle Technologies in the second quarter valued at approximately $57,521,000. Abundance Wealth Counselors grew its position in PureCycle Technologies by 21.0% in the 1st quarter. Abundance Wealth Counselors now owns 6,782,137 shares of the company’s stock worth $42,185,000 after purchasing an additional 1,178,570 shares in the last quarter. Van ECK Associates Corp purchased a new stake in PureCycle Technologies in the 2nd quarter valued at about $3,121,000. Sierra Summit Advisors LLC bought a new position in shares of PureCycle Technologies during the 4th quarter worth approximately $964,000. Finally, Sanctuary Advisors LLC bought a new position in shares of PureCycle Technologies in the second quarter valued at approximately $689,000. 63.01% of the stock is owned by institutional investors.

PureCycle Technologies Price Performance

Shares of NYSE PCT opened at $9.40 on Friday. PureCycle Technologies, Inc. has a 1-year low of $2.38 and a 1-year high of $10.68. The company has a current ratio of 0.67, a quick ratio of 0.54 and a debt-to-equity ratio of 1.06. The stock has a fifty day simple moving average of $7.29 and a two-hundred day simple moving average of $6.25. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -9.22 and a beta of 1.63.

PureCycle Technologies (NYSE:PCTGet Free Report) last issued its earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.13). Analysts anticipate that PureCycle Technologies, Inc. will post -0.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PCT shares. TD Cowen lifted their price target on PureCycle Technologies from $7.50 to $10.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Stifel Nicolaus lifted their target price on PureCycle Technologies from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, Craig Hallum boosted their price target on shares of PureCycle Technologies from $4.00 to $6.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.75.

Check Out Our Latest Report on PureCycle Technologies

Insider Buying and Selling

In other PureCycle Technologies news, major shareholder Sylebra Capital Llc bought 4,264,393 shares of the stock in a transaction on Friday, September 13th. The shares were acquired at an average price of $4.69 per share, with a total value of $20,000,003.17. Following the acquisition, the insider now directly owns 33,050,456 shares of the company’s stock, valued at $155,006,638.64. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.44% of the stock is owned by insiders.

PureCycle Technologies Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding PCT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PureCycle Technologies, Inc. (NYSE:PCTFree Report).

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

Receive News & Ratings for PureCycle Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PureCycle Technologies and related companies with MarketBeat.com's FREE daily email newsletter.