John G Ullman & Associates Inc. Reduces Stock Position in Pure Cycle Co. (NASDAQ:PCYO)

John G Ullman & Associates Inc. reduced its holdings in shares of Pure Cycle Co. (NASDAQ:PCYO) by 23.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,000 shares of the utilities provider’s stock after selling 3,000 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Pure Cycle were worth $95,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its stake in shares of Pure Cycle by 142.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,990 shares of the utilities provider’s stock valued at $31,000 after buying an additional 1,759 shares in the last quarter. Magnolia Group LLC lifted its stake in shares of Pure Cycle by 28.2% during the 4th quarter. Magnolia Group LLC now owns 1,765,703 shares of the utilities provider’s stock valued at $18,487,000 after buying an additional 388,339 shares in the last quarter. Finally, Sapient Capital LLC purchased a new stake in shares of Pure Cycle during the 4th quarter valued at approximately $8,325,000. 51.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Pure Cycle from a “hold” rating to a “sell” rating in a report on Friday, April 12th.

Pure Cycle Price Performance

Pure Cycle stock traded up $0.26 during midday trading on Friday, reaching $10.26. 30,530 shares of the stock were exchanged, compared to its average volume of 56,207. The company’s fifty day moving average is $9.38 and its 200-day moving average is $9.68. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.56 and a current ratio of 4.10. The firm has a market cap of $247.16 million, a PE ratio of 40.60 and a beta of 0.92. Pure Cycle Co. has a 52 week low of $8.94 and a 52 week high of $13.07.

Pure Cycle (NASDAQ:PCYO) last posted its earnings results on Wednesday, July 10th. The utilities provider reported $0.12 earnings per share for the quarter. The business had revenue of $7.60 million for the quarter. Pure Cycle had a net margin of 31.00% and a return on equity of 5.07%.

About Pure Cycle

Pure Cycle Corporation designs, constructs, operates, and maintains water and wastewater systems in the Denver metropolitan area and Colorado Front Range in the United States. It operates in two segments, Wholesale Water and Wastewater Services, and Land Development. The company engages in the wholesale water production, storage, treatment, and distribution systems; wastewater collection and treatment systems; development of 930-acre master-planned community; oil and gas leasing business; and construction and leasing of single-family homes.