Tealwood Asset Management Inc. raised its holdings in shares of Pure Cycle Co. (NASDAQ:PCYO – Free Report) by 72.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 203,158 shares of the utilities provider’s stock after buying an additional 85,558 shares during the quarter. Pure Cycle comprises approximately 1.1% of Tealwood Asset Management Inc.’s holdings, making the stock its 26th largest holding. Tealwood Asset Management Inc.’s holdings in Pure Cycle were worth $2,576,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Bank of New York Mellon Corp lifted its holdings in Pure Cycle by 20.1% in the second quarter. Bank of New York Mellon Corp now owns 94,311 shares of the utilities provider’s stock valued at $901,000 after acquiring an additional 15,759 shares during the period. Rhumbline Advisers lifted its stake in shares of Pure Cycle by 24.0% in the 2nd quarter. Rhumbline Advisers now owns 33,088 shares of the utilities provider’s stock valued at $316,000 after purchasing an additional 6,398 shares during the period. Los Angeles Capital Management LLC boosted its holdings in Pure Cycle by 7.0% during the second quarter. Los Angeles Capital Management LLC now owns 28,830 shares of the utilities provider’s stock worth $275,000 after buying an additional 1,890 shares in the last quarter. Diamond Hill Capital Management Inc. grew its position in Pure Cycle by 14.1% during the second quarter. Diamond Hill Capital Management Inc. now owns 52,000 shares of the utilities provider’s stock valued at $497,000 after buying an additional 6,417 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in Pure Cycle by 16.7% in the second quarter. The Manufacturers Life Insurance Company now owns 11,701 shares of the utilities provider’s stock valued at $112,000 after buying an additional 1,671 shares in the last quarter. 51.39% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, Director Daniel R. Kozlowski sold 20,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $13.10, for a total transaction of $262,000.00. Following the transaction, the director now owns 2,668,778 shares of the company’s stock, valued at approximately $34,960,991.80. The trade was a 0.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 17.20% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on Pure Cycle
Pure Cycle Stock Down 0.9 %
Shares of PCYO opened at $11.47 on Tuesday. The company has a current ratio of 4.05, a quick ratio of 3.66 and a debt-to-equity ratio of 0.05. The firm has a market cap of $276.16 million, a P/E ratio of 23.90 and a beta of 1.03. The stock’s 50 day moving average is $12.99 and its two-hundred day moving average is $11.29. Pure Cycle Co. has a 12 month low of $8.94 and a 12 month high of $14.63.
Pure Cycle (NASDAQ:PCYO – Get Free Report) last released its quarterly earnings results on Wednesday, January 8th. The utilities provider reported $0.16 earnings per share for the quarter. Pure Cycle had a net margin of 40.40% and a return on equity of 9.41%.
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.
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