Tidal Investments LLC Has $354,000 Stake in PureCycle Technologies, Inc. (NASDAQ:PCT)

Tidal Investments LLC lifted its stake in shares of PureCycle Technologies, Inc. (NASDAQ:PCT) by 215.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,223 shares of the company’s stock after acquiring an additional 25,424 shares during the period. Tidal Investments LLC’s holdings in PureCycle Technologies were worth $354,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PCT. FMR LLC raised its holdings in shares of PureCycle Technologies by 0.5% during the third quarter. FMR LLC now owns 230,755 shares of the company’s stock valued at $2,192,000 after purchasing an additional 1,083 shares during the period. Fortis Group Advisors LLC raised its stake in PureCycle Technologies by 12.5% during the 3rd quarter. Fortis Group Advisors LLC now owns 12,359 shares of the company’s stock worth $117,000 after buying an additional 1,376 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its holdings in PureCycle Technologies by 7.4% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 26,846 shares of the company’s stock worth $159,000 after acquiring an additional 1,850 shares in the last quarter. Hsbc Holdings PLC grew its stake in PureCycle Technologies by 11.4% in the second quarter. Hsbc Holdings PLC now owns 18,619 shares of the company’s stock valued at $111,000 after acquiring an additional 1,910 shares during the period. Finally, Foster Victor Wealth Advisors LLC increased its holdings in shares of PureCycle Technologies by 6.3% during the third quarter. Foster Victor Wealth Advisors LLC now owns 33,951 shares of the company’s stock valued at $310,000 after acquiring an additional 2,000 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PCT. TD Cowen lifted their price target on shares of PureCycle Technologies from $10.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Stifel Nicolaus boosted their target price on shares of PureCycle Technologies from $8.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $14.00 price target on shares of PureCycle Technologies in a research report on Tuesday, November 19th.

PureCycle Technologies Trading Down 2.1 %

NASDAQ:PCT opened at $10.62 on Tuesday. PureCycle Technologies, Inc. has a 52 week low of $2.38 and a 52 week high of $15.58. The firm has a 50-day moving average price of $12.20 and a two-hundred day moving average price of $8.67. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of -7.08 and a beta of 1.53. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.63 and a current ratio of 1.74.

PureCycle Technologies Company Profile

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.