Pure Cycle Co. (NASDAQ:PCYO) is Magnolia Group LLC’s 10th Largest Position

Magnolia Group LLC lifted its position in Pure Cycle Co. (NASDAQ:PCYO) by 28.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,765,703 shares of the utilities provider’s stock after purchasing an additional 388,339 shares during the period. Pure Cycle accounts for about 2.7% of Magnolia Group LLC’s investment portfolio, making the stock its 10th biggest position. Magnolia Group LLC owned approximately 7.33% of Pure Cycle worth $18,487,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Sapient Capital LLC purchased a new stake in Pure Cycle during the fourth quarter worth $8,325,000. Quadrature Capital Ltd acquired a new position in shares of Pure Cycle during the third quarter worth $237,000. Panagora Asset Management Inc. acquired a new position in shares of Pure Cycle during the third quarter worth $215,000. Loomis Sayles & Co. L P increased its position in shares of Pure Cycle by 2.4% during the third quarter. Loomis Sayles & Co. L P now owns 586,619 shares of the utilities provider’s stock worth $5,632,000 after purchasing an additional 13,822 shares in the last quarter. Finally, Jackson Hole Capital Partners LLC acquired a new position in shares of Pure Cycle during the third quarter worth $132,000. Hedge funds and other institutional investors own 51.39% of the company’s stock.

Wall Street Analyst Weigh In

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

Pure Cycle Stock Performance

Shares of NASDAQ PCYO traded up $0.05 during mid-day trading on Tuesday, hitting $9.54. The stock had a trading volume of 72,794 shares, compared to its average volume of 48,761. 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 company has a 50 day moving average of $9.62 and a two-hundred day moving average of $9.88. Pure Cycle Co. has a twelve month low of $9.10 and a twelve month high of $13.07. The firm has a market cap of $229.82 million, a PE ratio of 35.15 and a beta of 0.97.

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.