First Wilshire Securities Management Inc. Has $4.29 Million Stake in Pure Cycle Corporation $PCYO

First Wilshire Securities Management Inc. grew its holdings in Pure Cycle Corporation (NASDAQ:PCYO) by 15.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 426,687 shares of the utilities provider’s stock after acquiring an additional 56,027 shares during the quarter. First Wilshire Securities Management Inc. owned 1.77% of Pure Cycle worth $4,292,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Russell Investments Group Ltd. lifted its holdings in shares of Pure Cycle by 143.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,634 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 1,552 shares in the last quarter. BNP Paribas Financial Markets increased its stake 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 purchasing an additional 1,513 shares in the last quarter. Lazard Asset Management LLC increased its stake in 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 purchasing an additional 5,684 shares in the last quarter. Parallel Advisors LLC acquired a new stake in Pure Cycle during the 1st quarter worth approximately $111,000. Finally, JPMorgan Chase & Co. raised its holdings in Pure Cycle by 16.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,984 shares of the utilities provider’s stock worth $122,000 after buying an additional 1,521 shares during the period. 51.39% of the stock is currently owned by institutional investors.

Pure Cycle Stock Performance

PCYO opened at $10.62 on Wednesday. The business’s 50-day moving average price is $10.64 and its two-hundred day moving average price is $10.86. Pure Cycle Corporation has a 1 year low of $9.65 and a 1 year high of $12.44. The company has a market capitalization of $255.94 million, a price-to-earnings ratio of 17.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.53 and a quick ratio of 1.13.

Pure Cycle (NASDAQ:PCYO) last issued its quarterly earnings results on Wednesday, July 8th. The utilities provider reported $0.12 EPS for the quarter. The company had revenue of $8.22 million for the quarter. Pure Cycle had a return on equity of 9.98% and a net margin of 43.66%.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Pure Cycle from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Pure Cycle has a consensus rating of “Hold”.

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.