Wolverine Asset Administration LLC lifted its place in shares of PureCycle Applied sciences, Inc. (NYSE:PCT – Get Ranking) by 11.9% in the course of the first quarter, in line with its most up-to-date Kind 13F submitting with the SEC. The institutional investor owned 22,827 shares of the corporate’s inventory after buying an extra 2,429 shares in the course of the interval. Wolverine Asset Administration LLC’s holdings in PureCycle Applied sciences had been value $182,000 on the finish of the newest reporting interval.
A variety of different hedge funds and different institutional buyers have additionally made modifications to their positions in PCT. Envestnet Asset Administration Inc. bought a brand new place in shares of PureCycle Applied sciences in the course of the first quarter value about $81,000. Capital Funding Advisors LLC bought a brand new place in shares of PureCycle Applied sciences in the course of the first quarter value about $93,000. ProShare Advisors LLC bought a brand new place in shares of PureCycle Applied sciences in the course of the fourth quarter value about $112,000. Dynamic Advisor Options LLC bought a brand new place in shares of PureCycle Applied sciences in the course of the first quarter value about $94,000. Lastly, Belvedere Buying and selling LLC bought a brand new place in shares of PureCycle Applied sciences in the course of the first quarter value about $107,000. Institutional buyers and hedge funds personal 40.86% of the corporate’s inventory.
Analysts Set New Worth Targets
Individually, Oppenheimer reissued a “purchase” score and set a $16.00 value goal on shares of PureCycle Applied sciences in a report on Thursday, April 14th.
PureCycle Applied sciences Worth Efficiency
Shares of PCT opened at $8.04 on Wednesday. PureCycle Applied sciences, Inc. has a twelve month low of $4.94 and a twelve month excessive of $17.13. The inventory’s 50 day shifting common is $7.91 and its two-hundred day shifting common is $7.67. The agency has a market capitalization of $1.31 billion, a PE ratio of -12.56 and a beta of 1.06. The corporate has a present ratio of 19.10, a fast ratio of 19.10 and a debt-to-equity ratio of 0.41.
PureCycle Applied sciences (NYSE:PCT – Get Ranking) final introduced its quarterly earnings information on Thursday, Could twelfth. The corporate reported ($0.19) earnings per share for the quarter, lacking analysts’ consensus estimates of ($0.15) by ($0.04). Throughout the identical quarter within the prior yr, the agency earned ($0.32) earnings per share. Analysis analysts anticipate that PureCycle Applied sciences, Inc. will put up -0.65 earnings per share for the present yr.
Insider Shopping for and Promoting at PureCycle Applied sciences
In different information, Director John Stewart Scott offered 23,955 shares of the enterprise’s inventory in a transaction that occurred on Thursday, July seventh. The inventory was offered at a mean value of $7.18, for a complete transaction of $171,996.90. Following the sale, the director now owns 1,343,709 shares of the corporate’s inventory, valued at roughly $9,647,830.62. The sale was disclosed in a submitting with the Securities & Change Fee, which is accessible by means of this hyperlink. Within the final 90 days, insiders have offered 333,993 shares of firm inventory valued at $2,570,658. 11.10% of the inventory is owned by company insiders.
PureCycle Applied sciences Profile
PureCycle Applied sciences, Inc produces recycled polypropylene (PP). The corporate holds a license for restoring waste PP into ultra-pure recycled resin. Its recycling course of separates shade, odor, and different contaminants from plastic waste feedstock to remodel it into virgin-like resin. The corporate was based in 2015 and is headquartered in Orlando, Florida.
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