<div id="readability-page-1"><p>Pure Portfolios Holdings LLC purchased a new position in shares of  PureCycle Technologies, Inc. (NASDAQ:PCT - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 31,435 shares of the company's stock, valued at approximately $431,000.</p><div><p><span></span><span>Get <strong>PureCycle Technologies</strong> alerts:</span></p></div><ul><li>3 Stocks With High Short Interest Still Near Their 52-Week Highs</li></ul><p>A number of other hedge funds also recently bought and sold shares of PCT. Sylebra Capital LLC lifted its holdings in shares of  PureCycle Technologies by 1.9% in the 1st quarter. Sylebra Capital LLC now owns 34,077,574 shares of the company's stock worth $235,817,000 after acquiring an additional 619,925 shares during the last quarter.  Vanguard Group Inc. boosted its position in  PureCycle Technologies by 4.7% during the first quarter. Vanguard Group Inc. now owns 14,761,344 shares of the company's stock valued at $102,149,000 after buying an additional 660,837 shares during the period.  Samlyn Capital LLC boosted its position in  PureCycle Technologies by 19.1% during the first quarter. Samlyn Capital LLC now owns 6,222,136 shares of the company's stock valued at $43,057,000 after buying an additional 997,337 shares during the period.  Duquesne Family Office LLC boosted its holdings in  PureCycle Technologies by 111.3% during the 1st quarter. Duquesne Family Office LLC now owns 3,364,842 shares of the company's stock valued at $23,285,000 after acquiring an additional 1,772,342 shares during the period.  Finally, T. Rowe Price Investment Management Inc. boosted its holdings in  PureCycle Technologies by 66.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,249,781 shares of the company's stock valued at $15,569,000 after acquiring an additional 897,694 shares during the period. Institutional investors own  63.01% of the company's stock. </p><h2>Analysts Set New Price Targets</h2><p>Several equities research analysts recently weighed in on the company. TD Cowen upgraded PureCycle Technologies to a &#34;strong-buy&#34; rating in a report on Monday, June 23rd. Cowen  reissued a &#34;buy&#34; rating on shares of PureCycle Technologies in a research report on Friday, August 8th. Wall Street Zen cut shares of PureCycle Technologies from a &#34;hold&#34; rating to a &#34;sell&#34; rating in a research report on Monday, July 21st. Cantor Fitzgerald  reiterated an &#34;overweight&#34; rating and set a $16.00 target price on shares of PureCycle Technologies in a report on Friday, August 8th. Finally, Weiss Ratings  reiterated a &#34;sell (d-)&#34; rating on shares of PureCycle Technologies in a report on Saturday, September 27th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one  has issued  a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of &#34;Buy&#34; and an average price target of $15.00.</p><ul><li>PureCycle: Up 250% in 2024 - Is This Materials Stock Still a Buy?</li></ul><p><b>View Our Latest Report on PCT</b></p><h2>PureCycle Technologies Trading Down 2.0%</h2><p>NASDAQ:PCT opened at $14.44 on Wednesday. The company has a 50-day moving average price of $13.37 and a 200-day moving average price of $11.26. PureCycle Technologies, Inc. has a 12 month low of $5.40 and a 12 month high of $17.37. The company has a current ratio of 2.14, a quick ratio of 2.07 and a debt-to-equity ratio of 3.54. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of -8.54 and a beta of 2.01. </p><p>PureCycle Technologies (NASDAQ:PCT - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.12). The business had revenue of $1.65 million for the quarter, compared to analyst estimates of $4.10 million.  Equities analysts predict that  PureCycle Technologies, Inc. will post -1.01 EPS for the current year. </p><h2>PureCycle Technologies Company Profile</h2> (Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than PureCycle Technologies</li><li>What is an Earnings Surprise?  </li><li>EA’s $55 Billion Deal Spurs a Shake-Up in the Gaming Sector</li><li>How to Invest in Biotech Stocks</li><li>These Are the 3 Hottest Sectors for Q3 Earnings Growth</li><li>Differences Between Momentum Investing and Long Term Investing </li><li>AMD Could Double From Here—Thanks to Its Blockbuster OpenAI Deal</li></ul><p><strong>Want to see what other hedge funds are holding PCT?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PureCycle Technologies, Inc. (NASDAQ:PCT - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UENU?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UENU"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in PureCycle Technologies Right Now?</h2><p>Before you consider PureCycle Technologies, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PureCycle Technologies wasn't on the list.</p><p>While PureCycle Technologies currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Pure Portfolios Holdings LLC acquired 31,435 shares of PureCycle Technologies, Inc. (NASDAQ:PCT) in Q2, valued at approximately $431,000. Other hedge funds also increased their stakes in the company. Analysts have mixed ratings on PCT, with a consensus rating of "Buy" and an average price target of $15.00. The stock is currently trading at $14.44, down 2.0%. PureCycle reported a quarterly EPS of ($0.35), missing estimates, with revenue of $1.65 million.</p>

Pure Portfolios Holdings LLC Buys Shares of 31,435 PureCycle Technologies, Inc. $PCT