ORG Wealth Partners LLC Buys Shares of 20,512 PureCycle Technologies, Inc. (NYSE:PCT)

ORG Wealth Partners LLC bought a new stake in PureCycle Technologies, Inc. (NYSE:PCT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 20,512 shares of the company’s stock, valued at approximately $195,000.

Other institutional investors have also recently bought and sold shares of the company. Longview Asset Management LLC acquired a new position in shares of PureCycle Technologies during the 2nd quarter worth approximately $57,521,000. Abundance Wealth Counselors increased its position in shares of PureCycle Technologies by 21.0% during 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 during the last quarter. Van ECK Associates Corp acquired a new position in shares of PureCycle Technologies during the 2nd quarter worth approximately $3,121,000. Sanctuary Advisors LLC acquired a new position in shares of PureCycle Technologies during the 2nd quarter worth approximately $689,000. Finally, Long Focus Capital Management LLC increased its position in shares of PureCycle Technologies by 3.2% during the 2nd quarter. Long Focus Capital Management LLC now owns 2,403,781 shares of the company’s stock worth $14,230,000 after purchasing an additional 75,000 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

PureCycle Technologies Stock Performance

Shares of NYSE PCT opened at $9.37 on Tuesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.67 and a quick ratio of 0.54. The stock’s fifty day moving average price is $7.34 and its two-hundred day moving average price is $6.28. PureCycle Technologies, Inc. has a one year low of $2.38 and a one year high of $10.68. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of -9.19 and a beta of 1.63.

PureCycle Technologies (NYSE:PCT) last released 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). On average, equities analysts forecast that PureCycle Technologies, Inc. will post -0.85 EPS for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling

In other PureCycle Technologies news, major shareholder Sylebra Capital Llc acquired 4,264,393 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was acquired at an average cost of $4.69 per share, for a total transaction of $20,000,003.17. Following the transaction, the insider now directly owns 33,050,456 shares in the company, valued at $155,006,638.64. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 11.44% of the stock is owned by corporate insiders.

About PureCycle Technologies

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.