Fiscal Wisdom Wealth Management LLC Makes New Investment in PureCycle Technologies, Inc. $PCT

Fiscal Wisdom Wealth Management LLC acquired a new stake in shares of PureCycle Technologies, Inc. (NASDAQ:PCT) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 216,240 shares of the company’s stock, valued at approximately $2,798,000. PureCycle Technologies comprises approximately 2.7% of Fiscal Wisdom Wealth Management LLC’s portfolio, making the stock its 8th biggest holding.

Several other hedge funds have also modified their holdings of PCT. Nisa Investment Advisors LLC raised its position in PureCycle Technologies by 278.1% in the second quarter. Nisa Investment Advisors LLC now owns 2,571 shares of the company’s stock valued at $35,000 after purchasing an additional 1,891 shares during the period. Bluefin Capital Management LLC purchased a new stake in shares of PureCycle Technologies during the 2nd quarter valued at about $137,000. Evelyn Partners Investment Management Services Ltd lifted its position in PureCycle Technologies by 225.5% during the 2nd quarter. Evelyn Partners Investment Management Services Ltd now owns 11,198 shares of the company’s stock worth $143,000 after acquiring an additional 7,758 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in PureCycle Technologies by 16.5% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 12,272 shares of the company’s stock worth $168,000 after acquiring an additional 1,736 shares during the period. Finally, Cypress Capital Management LLC WY acquired a new position in shares of PureCycle Technologies during the third quarter worth $169,000. 63.01% of the stock is owned by institutional investors and hedge funds.

PureCycle Technologies Stock Up 3.7%

NASDAQ:PCT opened at $8.90 on Thursday. The company has a debt-to-equity ratio of 5.21, a quick ratio of 2.15 and a current ratio of 2.24. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of -6.10 and a beta of 2.05. PureCycle Technologies, Inc. has a one year low of $5.40 and a one year high of $17.37. The stock has a 50-day simple moving average of $9.67 and a 200 day simple moving average of $11.26.

Analysts Set New Price Targets

PCT has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of PureCycle Technologies in a report on Thursday, January 22nd. TD Cowen restated a “hold” rating and set a $9.00 price objective (down from $16.00) on shares of PureCycle Technologies in a report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $13.67.

PureCycle Technologies Profile

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.