Pure Cycle (NASDAQ:PCYO) Rating Increased to Buy at StockNews.com

Pure Cycle (NASDAQ:PCYO) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “buy” rating in a note issued to investors on Monday.

Pure Cycle Stock Up 2.7 %

NASDAQ:PCYO traded up $0.34 on Monday, hitting $13.10. The stock had a trading volume of 32,307 shares, compared to its average volume of 51,505. The firm’s fifty day simple moving average is $10.91 and its two-hundred day simple moving average is $10.19. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.56 and a current ratio of 4.05. Pure Cycle has a 1 year low of $8.94 and a 1 year high of $13.40. The stock has a market cap of $315.36 million, a P/E ratio of 27.29 and a beta of 0.92.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Magnolia Group LLC raised its position in Pure Cycle by 7.0% in the 2nd quarter. Magnolia Group LLC now owns 2,071,911 shares of the utilities provider’s stock worth $19,787,000 after purchasing an additional 135,985 shares during the period. Vanguard Group Inc. increased its holdings in Pure Cycle by 2.2% during the first quarter. Vanguard Group Inc. now owns 1,058,312 shares of the utilities provider’s stock valued at $10,054,000 after buying an additional 22,748 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Pure Cycle by 10.7% during the 3rd quarter. Geode Capital Management LLC now owns 510,549 shares of the utilities provider’s stock valued at $5,500,000 after purchasing an additional 49,272 shares during the period. State Street Corp grew its stake in Pure Cycle by 2.5% during the third quarter. State Street Corp now owns 412,332 shares of the utilities provider’s stock valued at $4,441,000 after acquiring an additional 10,124 shares in the last quarter. Finally, Epiq Partners LLC grew its stake in shares of Pure Cycle by 0.6% in the 2nd quarter. Epiq Partners LLC now owns 371,965 shares of the utilities provider’s stock worth $3,552,000 after buying an additional 2,350 shares in the last quarter. 51.39% of the stock is owned by institutional investors.

Pure Cycle Company Profile

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.