11,455 Shares in PureCycle Technologies, Inc. (NASDAQ:PCT) Acquired by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management purchased a new position in shares of PureCycle Technologies, Inc. (NASDAQ:PCT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 11,455 shares of the company’s stock, valued at approximately $117,000.

Other large investors have also made changes to their positions in the company. Algert Global LLC acquired a new stake in PureCycle Technologies in the second quarter valued at approximately $69,000. Park Edge Advisors LLC acquired a new stake in PureCycle Technologies in the third quarter valued at approximately $100,000. Hsbc Holdings PLC boosted its position 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 buying an additional 1,910 shares in the last quarter. Fortis Group Advisors LLC boosted its position in PureCycle Technologies by 12.5% in the third quarter. Fortis Group Advisors LLC now owns 12,359 shares of the company’s stock valued at $117,000 after buying an additional 1,376 shares in the last quarter. Finally, Prospera Private Wealth LLC boosted its position in PureCycle Technologies by 35.9% in the third quarter. Prospera Private Wealth LLC now owns 15,436 shares of the company’s stock valued at $147,000 after buying an additional 4,080 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

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

PureCycle Technologies Stock Down 1.6 %

PCT opened at $9.31 on Friday. PureCycle Technologies, Inc. has a 1-year low of $3.75 and a 1-year high of $15.58. The company has a quick ratio of 1.63, a current ratio of 1.74 and a debt-to-equity ratio of 1.36. The company has a fifty day moving average price of $10.98 and a two-hundred day moving average price of $9.52.

PureCycle Technologies 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.