ArrowMark Colorado Holdings LLC Has $7.01 Million Stock Holdings in Pure Cycle Co. (NASDAQ:PCYO)

ArrowMark Colorado Holdings LLC trimmed its position in shares of Pure Cycle Co. (NASDAQ:PCYO - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 552,718 shares of the utilities provider's stock after selling 27,677 shares during the period. ArrowMark Colorado Holdings LLC owned 2.30% of Pure Cycle worth $7,008,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PCYO. SG Americas Securities LLC acquired a new stake in shares of Pure Cycle in the fourth quarter worth about $110,000. Linden Thomas Advisory Services LLC bought a new position in shares of Pure Cycle during the 4th quarter worth about $148,000. JPMorgan Chase & Co. grew its stake in shares of Pure Cycle by 58.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,359 shares of the utilities provider's stock valued at $155,000 after purchasing an additional 5,305 shares during the period. Wells Fargo & Company MN raised its stake in Pure Cycle by 23.8% during the fourth quarter. Wells Fargo & Company MN now owns 12,191 shares of the utilities provider's stock worth $155,000 after acquiring an additional 2,343 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Pure Cycle in the fourth quarter valued at about $225,000. 51.39% of the stock is owned by institutional investors and hedge funds.

Pure Cycle Stock Down 3.2 %

Shares of NASDAQ:PCYO traded down $0.34 during trading on Wednesday, hitting $10.38. 59,067 shares of the company were exchanged, compared to its average volume of 52,794. The firm has a fifty day moving average price of $10.49 and a two-hundred day moving average price of $11.63. Pure Cycle Co. has a fifty-two week low of $8.94 and a fifty-two week high of $14.63. The stock has a market cap of $249.91 million, a price-to-earnings ratio of 18.87 and a beta of 1.30. The company has a current ratio of 3.56, a quick ratio of 3.09 and a debt-to-equity ratio of 0.05.

Pure Cycle (NASDAQ:PCYO - Get Free Report) last posted its earnings results on Wednesday, April 9th. The utilities provider reported $0.03 EPS for the quarter. The company had revenue of $4.00 million for the quarter. Pure Cycle had a return on equity of 10.54% and a net margin of 46.32%.

Wall Street Analyst Weigh In

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

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.