Cibc World Market Inc. Invests $9.20 Million in PureCycle Technologies, Inc. $PCT

Posted by Brenda Bartman on Aug 25th, 2026

Cibc World Market Inc. bought a new stake in shares of PureCycle Technologies, Inc. (NASDAQ:PCT – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,134,543 shares of the company’s stock, valued at approximately $9,201,000. Cibc World Market Inc. owned about 0.56% of PureCycle Technologies as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Royal Bank of Canada raised its holdings in PureCycle Technologies by 62.4% during the 1st quarter. Royal Bank of Canada now owns 1,042,338 shares of the company’s stock worth $7,213,000 after buying an additional 400,520 shares during the period. AQR Capital Management LLC boosted its holdings in shares of PureCycle Technologies by 67.9% in the first quarter. AQR Capital Management LLC now owns 20,963 shares of the company’s stock worth $145,000 after buying an additional 8,478 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in shares of PureCycle Technologies by 4.3% in the first quarter. Integrated Wealth Concepts LLC now owns 36,571 shares of the company’s stock worth $253,000 after buying an additional 1,516 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of PureCycle Technologies by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,249 shares of the company’s stock worth $507,000 after acquiring an additional 3,161 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in shares of PureCycle Technologies in the first quarter worth approximately $3,770,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PCT. Weiss Ratings restated a “sell (e+)” rating on shares of PureCycle Technologies in a report on Friday, June 5th. Northland Securities set a $13.00 price objective on shares of PureCycle Technologies in a research note on Friday, June 12th. Wall Street Zen cut shares of PureCycle Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 10th. Alembic Global Advisors set a $16.00 target price on shares of PureCycle Technologies in a research note on Tuesday, June 16th. Finally, TD Cowen reduced their target price on PureCycle Technologies from $7.00 to $6.00 and set a “hold” rating for the company in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, PureCycle Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $11.75.

Check Out Our Latest Report on PureCycle Technologies

PureCycle Technologies Trading Down 2.8%

NASDAQ:PCT opened at $6.61 on Tuesday. The company has a debt-to-equity ratio of 27.37, a current ratio of 2.60 and a quick ratio of 2.42. PureCycle Technologies, Inc. has a fifty-two week low of $4.93 and a fifty-two week high of $15.49. The stock’s 50-day moving average is $7.14 and its two-hundred day moving average is $7.87. The stock has a market cap of $1.33 billion, a PE ratio of -4.53 and a beta of 2.57.

PureCycle Technologies (NASDAQ:PCT – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.80) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.51). The company had revenue of $4.51 million during the quarter, compared to analysts’ expectations of $6.11 million. PureCycle Technologies had a negative return on equity of 612.39% and a negative net margin of 1,618.84%. As a group, equities research analysts forecast that PureCycle Technologies, Inc. will post -0.9 earnings per share for the current fiscal year.

PureCycle Technologies Profile

(Free Report)

PureCycle Technologies, Inc operates as a recycling technology company focused on restoring waste polypropylene to a “virgin-like” state through a proprietary purification process licensed from Procter & Gamble. The company develops, owns and operates recycling facilities that convert used polypropylene feedstock—such as packaging and industrial plastics—into ultra‐pure recycled resin. This resin, known as Qualified Recycled Polymer (QRP), is designed to meet stringent quality specifications for applications in packaging, consumer goods and industrial products.

Headquartered in Orlando, Florida, PureCycle was established with technology development efforts dating back to licensing agreements in the mid-2010s and later spun off as a publicly traded entity in 2021.