Goldman Sachs Group Inc. Has $1.38 Million Holdings in Pure Cycle Corporation $PCYO

Key Points

• Goldman Sachs Group Inc. increased its stake in Pure Cycle Corporation by 39.0% in Q1, now holding approximately 131,836 shares worth $1.38 million.
• Other hedge funds have also made significant investments in Pure Cycle, with increases from BNP Paribas and Bank of America among notable activities.
• Pure Cycle's stock opened at $11.39 and has shown strong performance with a net margin of 49.58% and a P/E ratio of 20.71.

Goldman Sachs Group Inc. increased its holdings in shares of Pure Cycle Corporation (NASDAQ:PCYO - Free Report) by 39.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,836 shares of the utilities provider's stock after acquiring an additional 37,018 shares during the period. Goldman Sachs Group Inc. owned about 0.55% of Pure Cycle worth $1,380,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its stake in shares of Pure Cycle by 87.0% during the fourth quarter. BNP Paribas Financial Markets now owns 8,832 shares of the utilities provider's stock worth $112,000 after purchasing an additional 4,110 shares during the period. Deutsche Bank AG acquired a new stake in shares of Pure Cycle in the fourth quarter valued at about $126,000. Millennium Management LLC acquired a new position in Pure Cycle during the fourth quarter worth approximately $166,000. Jane Street Group LLC acquired a new position in Pure Cycle during the first quarter worth approximately $201,000. Finally, Bank of America Corp DE increased its position in Pure Cycle by 42.4% during the fourth quarter. Bank of America Corp DE now owns 25,511 shares of the utilities provider's stock worth $323,000 after buying an additional 7,593 shares during the last quarter. 51.39% of the stock is currently owned by institutional investors.

Pure Cycle Stock Performance

Shares of Pure Cycle stock opened at $11.39 on Friday. The company has a current ratio of 3.52, a quick ratio of 2.40 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average price of $10.32 and a two-hundred day moving average price of $10.41. Pure Cycle Corporation has a 1-year low of $9.65 and a 1-year high of $14.63. The company has a market cap of $274.16 million, a P/E ratio of 20.71 and a beta of 1.33.

Pure Cycle (NASDAQ:PCYO - Get Free Report) last issued its earnings results on Wednesday, July 9th. The utilities provider reported $0.09 EPS for the quarter. The company had revenue of $5.14 million during the quarter. Pure Cycle had a return on equity of 10.19% and a net margin of 49.58%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Pure Cycle from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th.

Pure Cycle Profile

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.

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