First Wilshire Securities Management Inc. increased its holdings in shares of Pure Cycle Corporation (NASDAQ:PCYO – Free Report) by 15.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 426,687 shares of the utilities provider’s stock after purchasing an additional 56,027 shares during the quarter. First Wilshire Securities Management Inc.’s holdings in Pure Cycle were worth $4,292,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in PCYO. Russell Investments Group Ltd. increased its stake in Pure Cycle by 143.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,634 shares of the utilities provider’s stock valued at $29,000 after buying an additional 1,552 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Pure Cycle by 64.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,878 shares of the utilities provider’s stock worth $43,000 after buying an additional 1,513 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of Pure Cycle by 11,145.1% during the 2nd quarter. Lazard Asset Management LLC now owns 5,735 shares of the utilities provider’s stock worth $61,000 after buying an additional 5,684 shares during the last quarter. Parallel Advisors LLC acquired a new position in shares of Pure Cycle during the 1st quarter worth about $111,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Pure Cycle by 16.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,984 shares of the utilities provider’s stock valued at $122,000 after acquiring an additional 1,521 shares in the last quarter. Institutional investors own 51.39% of the company’s stock.
Pure Cycle Stock Performance
Shares of PCYO opened at $10.62 on Wednesday. The company has a market cap of $255.94 million, a PE ratio of 17.41 and a beta of 1.23. The firm has a 50-day moving average of $10.64 and a 200-day moving average of $10.86. Pure Cycle Corporation has a one year low of $9.65 and a one year high of $12.44. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.53 and a quick ratio of 1.13.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised Pure Cycle from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.
Get Our Latest Research Report on PCYO
Pure Cycle Company Profile
Pure Cycle Corporation (NASDAQ:PCYO) is a Colorado-based utility and real estate development company focused on water resource management and land development along the Front Range. The company’s core operations involve the acquisition, treatment and distribution of potable water, as well as the collection and treatment of wastewater, serving suburban and rural communities in the Denver metropolitan area. Pure Cycle holds substantial water rights and operates distribution and treatment facilities under a regulated utility model, providing essential services to residential and commercial customers.
In addition to its water utility business, Pure Cycle engages in real estate development, leveraging its water assets to create fully serviced residential communities.
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