First Wilshire Securities Management Inc. Raises Stock Position in Pure Cycle Corporation $PCYO

First Wilshire Securities Management Inc. boosted its position in shares of Pure Cycle Corporation (NASDAQ:PCYO) by 130.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 370,660 shares of the utilities provider’s stock after purchasing an additional 209,993 shares during the period. First Wilshire Securities Management Inc.’s holdings in Pure Cycle were worth $4,074,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Deutsche Bank AG raised its position in shares of Pure Cycle by 437.9% in the fourth quarter. Deutsche Bank AG now owns 14,211 shares of the utilities provider’s stock worth $156,000 after buying an additional 11,569 shares in the last quarter. Potomac Capital Management Inc. purchased a new stake in shares of Pure Cycle in the fourth quarter worth $536,000. Goldman Sachs Group Inc. increased its stake in Pure Cycle by 53.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 118,235 shares of the utilities provider’s stock worth $1,299,000 after acquiring an additional 40,973 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Pure Cycle by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 520,873 shares of the utilities provider’s stock valued at $5,726,000 after acquiring an additional 13,146 shares in the last quarter. Finally, JPMorgan Chase & Co. raised 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. Hedge funds and other institutional investors own 51.39% of the company’s stock.

Pure Cycle Price Performance

PCYO stock opened at $10.56 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.39 and a quick ratio of 0.83. Pure Cycle Corporation has a one year low of $9.65 and a one year high of $12.44. The stock has a market cap of $254.50 million, a PE ratio of 18.21 and a beta of 1.24. The firm has a 50 day simple moving average of $10.88 and a two-hundred day simple moving average of $10.97.

Pure Cycle (NASDAQ:PCYO) last released its quarterly earnings results on Wednesday, April 8th. The utilities provider reported $0.05 EPS for the quarter. Pure Cycle had a net margin of 45.80% and a return on equity of 9.75%. The business had revenue of $5.17 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings cut Pure Cycle from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 22nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently 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.