Gilder Gagnon Howe & Co. LLC Makes New $804,000 Investment in PureCycle Technologies, Inc. (NASDAQ:PCT)

Gilder Gagnon Howe & Co. LLC acquired a new position in PureCycle Technologies, Inc. (NASDAQ:PCT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 78,409 shares of the company’s stock, valued at approximately $804,000.

A number of other large investors also recently modified their holdings of PCT. Jones Financial Companies Lllp raised 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 buying an additional 2,291 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of PureCycle Technologies by 775.3% during the fourth quarter. Sterling Capital Management LLC now owns 3,230 shares of the company’s stock valued at $33,000 after purchasing an additional 2,861 shares in the last quarter. US Bancorp DE lifted its position in shares of PureCycle Technologies by 141.5% during the fourth quarter. US Bancorp DE now owns 3,446 shares of the company’s stock valued at $35,000 after purchasing an additional 2,019 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in PureCycle Technologies during the fourth quarter worth about $80,000. Finally, Keudell Morrison Wealth Management bought a new stake in PureCycle Technologies in the 4th quarter worth about $117,000. Institutional investors own 63.01% of the company’s stock.

PureCycle Technologies Price Performance

PureCycle Technologies stock opened at $6.74 on Friday. PureCycle Technologies, Inc. has a 52 week low of $4.50 and a 52 week high of $15.58. The company’s 50 day moving average price is $7.56 and its two-hundred day moving average price is $9.82. The stock has a market cap of $1.21 billion, a P/E ratio of -4.49 and a beta of 1.68. The company has a quick ratio of 1.63, a current ratio of 1.74 and a debt-to-equity ratio of 1.36.

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

Insider Activity at PureCycle Technologies

In related news, major shareholder Sylebra Capital Llc purchased 619,925 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were bought at an average price of $8.06 per share, with a total value of $4,996,595.50. Following the acquisition, the insider now owns 34,077,574 shares of the company’s stock, valued at $274,665,246.44. This trade represents a 1.85 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 21.67% of the stock is owned by company 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.