Nuveen LLC Acquires New Position in Pure Cycle Corporation $PCYO

Nuveen LLC purchased a new position in Pure Cycle Corporation (NASDAQ:PCYO - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 84,521 shares of the utilities provider's stock, valued at approximately $885,000. Nuveen LLC owned approximately 0.35% of Pure Cycle as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Marshall Wace LLP bought a new stake in shares of Pure Cycle during the fourth quarter valued at approximately $225,000. Northern Trust Corp grew its position in Pure Cycle by 7.9% in the fourth quarter. Northern Trust Corp now owns 192,394 shares of the utilities provider's stock worth $2,440,000 after buying an additional 14,118 shares during the last quarter. Millennium Management LLC acquired a new position in Pure Cycle in the fourth quarter worth approximately $166,000. D. E. Shaw & Co. Inc. grew its position in Pure Cycle by 87.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 27,218 shares of the utilities provider's stock worth $345,000 after buying an additional 12,670 shares during the last quarter. Finally, Deutsche Bank AG acquired a new position in Pure Cycle in the fourth quarter worth approximately $126,000. Institutional investors own 51.39% of the company's stock.

Pure Cycle Stock Performance

Pure Cycle stock traded up $0.51 on Friday, reaching $11.02. 56,403 shares of the stock were exchanged, compared to its average volume of 31,663. The firm has a fifty day moving average price of $10.24 and a two-hundred day moving average price of $10.43. The stock has a market cap of $265.25 million, a PE ratio of 20.04 and a beta of 1.33. The company has a current ratio of 3.52, a quick ratio of 2.40 and a debt-to-equity ratio of 0.05. Pure Cycle Corporation has a twelve month low of $9.65 and a twelve month high of $14.63.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Pure Cycle from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th.

Pure Cycle Company 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.