PureCycle Technologies Target of Unusually Large Options Trading (NASDAQ:PCT)

PureCycle Technologies, Inc. (NASDAQ:PCT) was the target of unusually large options trading on Monday. Stock investors purchased 9,502 call options on the stock. This is an increase of 38% compared to the typical daily volume of 6,879 call options.

Insider Transactions at PureCycle Technologies

In related news, major shareholder Sylebra Capital Llc bought 619,925 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was purchased at an average price of $8.06 per share, for a total transaction of $4,996,595.50. Following the acquisition, the insider now owns 34,077,574 shares in the company, valued at $274,665,246.44. This trade represents a 1.85 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 21.67% of the company’s stock.

Institutional Trading of PureCycle Technologies

Several large investors have recently bought and sold shares of the business. NBC Securities Inc. acquired a new position in shares of PureCycle Technologies in the first quarter valued at approximately $25,000. Jones Financial Companies Lllp increased its position in PureCycle Technologies by 286.0% in the 4th quarter. Jones Financial Companies Lllp now owns 3,092 shares of the company’s stock valued at $32,000 after acquiring an additional 2,291 shares during the period. Sterling Capital Management LLC lifted its stake in shares of PureCycle Technologies by 775.3% in the 4th quarter. Sterling Capital Management LLC now owns 3,230 shares of the company’s stock worth $33,000 after acquiring an additional 2,861 shares during the period. US Bancorp DE raised its stake in shares of PureCycle Technologies by 141.5% during the 4th quarter. US Bancorp DE now owns 3,446 shares of the company’s stock worth $35,000 after buying an additional 2,019 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of PureCycle Technologies in the 4th quarter valued at about $80,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

PureCycle Technologies Trading Up 14.7 %

Shares of NASDAQ:PCT opened at $6.39 on Wednesday. The business’s fifty day simple moving average is $7.75 and its 200-day simple moving average is $9.87. The company has a current ratio of 1.74, a quick ratio of 1.63 and a debt-to-equity ratio of 1.36. PureCycle Technologies has a 12-month low of $4.50 and a 12-month high of $15.58. The company has a market capitalization of $1.15 billion, a PE ratio of -4.26 and a beta of 1.68.

PureCycle Technologies (NASDAQ:PCT) last posted its earnings results on Thursday, February 27th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.32). As a group, equities research analysts predict that PureCycle Technologies will post -1.01 earnings per share for the current fiscal year.

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.