Custos Family Office LLC Invests $109,000 in PureCycle Technologies, Inc. (NYSE:PCT)

Custos Family Office LLC acquired a new stake in shares of PureCycle Technologies, Inc. (NYSE:PCT) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,500 shares of the company’s stock, valued at approximately $109,000.

A number of other large investors have also added to or reduced their stakes in PCT. RIA Advisory Group LLC boosted its stake in shares of PureCycle Technologies by 335.1% in the 1st quarter. RIA Advisory Group LLC now owns 43,512 shares of the company’s stock worth $271,000 after buying an additional 33,512 shares during the last quarter. Almanack Investment Partners LLC. boosted its position in PureCycle Technologies by 59.1% in the first quarter. Almanack Investment Partners LLC. now owns 41,310 shares of the company’s stock worth $257,000 after purchasing an additional 15,341 shares during the last quarter. Fortis Group Advisors LLC bought a new stake in shares of PureCycle Technologies during the 1st quarter valued at about $67,000. Drive Wealth Management LLC purchased a new stake in shares of PureCycle Technologies during the 1st quarter valued at about $78,000. Finally, Abundance Wealth Counselors lifted its stake in shares of PureCycle Technologies by 21.0% in the 1st quarter. Abundance Wealth Counselors now owns 6,782,137 shares of the company’s stock worth $42,185,000 after purchasing an additional 1,178,570 shares during the period. Institutional investors own 63.01% of the company’s stock.

PureCycle Technologies Price Performance

Shares of PCT traded up $0.02 during mid-day trading on Friday, reaching $5.71. The stock had a trading volume of 398,341 shares, compared to its average volume of 2,202,527. The business has a fifty day moving average of $5.49 and a 200 day moving average of $5.04. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $940.04 million, a price-to-earnings ratio of -5.58 and a beta of 1.63. PureCycle Technologies, Inc. has a 12 month low of $2.38 and a 12 month high of $11.89.

PureCycle Technologies (NYSE:PCT) last issued its earnings results on Tuesday, May 7th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.10). Equities analysts predict that PureCycle Technologies, Inc. will post -0.73 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Stifel Nicolaus restated a “buy” rating and set a $7.00 target price on shares of PureCycle Technologies in a research report on Wednesday, July 3rd. TD Cowen boosted their price objective on shares of PureCycle Technologies from $6.00 to $7.50 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, PureCycle Technologies has an average rating of “Hold” and a consensus price target of $7.90.

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.