Heartland Advisors Inc. Has $7.95 Million Position in Pure Cycle Co. (NASDAQ:PCYO)

Heartland Advisors Inc. increased its position in shares of Pure Cycle Co. (NASDAQ:PCYO) by 17.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 627,264 shares of the utilities provider’s stock after buying an additional 93,495 shares during the quarter. Heartland Advisors Inc. owned about 2.60% of Pure Cycle worth $7,954,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PCYO. SG Americas Securities LLC bought a new position in Pure Cycle in the 4th quarter worth approximately $110,000. Linden Thomas Advisory Services LLC bought a new stake in Pure Cycle in the 4th quarter worth $148,000. JPMorgan Chase & Co. raised its holdings in shares of Pure Cycle by 58.6% during the third quarter. JPMorgan Chase & Co. now owns 14,359 shares of the utilities provider’s stock valued at $155,000 after acquiring an additional 5,305 shares in the last quarter. Barclays PLC lifted its holdings in Pure Cycle by 253.9% in the third quarter. Barclays PLC now owns 27,385 shares of the utilities provider’s stock worth $295,000 after buying an additional 19,646 shares during the period. Finally, Avanza Fonder AB purchased a new stake in shares of Pure Cycle in the 4th quarter worth about $530,000. Institutional investors and hedge funds own 51.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Pure Cycle from a “buy” rating to a “hold” rating in a report on Friday, January 10th.

Pure Cycle Price Performance

NASDAQ PCYO opened at $10.73 on Friday. The stock has a market capitalization of $258.35 million, a price-to-earnings ratio of 19.51 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.56 and a quick ratio of 3.09. The business’s fifty day moving average price is $11.29 and its 200-day moving average price is $11.71. Pure Cycle Co. has a 1-year low of $8.94 and a 1-year high of $14.63.

Pure Cycle (NASDAQ:PCYO) last announced its quarterly earnings results on Wednesday, January 8th. The utilities provider reported $0.16 EPS for the quarter. Pure Cycle had a net margin of 46.32% and a return on equity of 10.54%.

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.