Strs Ohio Acquires Shares of 43,100 Pure Cycle Corporation $PCYO

Key Points

• Strs Ohio acquired 43,100 shares of Pure Cycle Corporation (NASDAQ: PCYO) in the 1st quarter, valued at approximately $451,000, representing about 0.18% ownership.
• Multiple large investors, including BNP Paribas and Bank of America, have significantly increased their holdings in Pure Cycle during the 4th quarter, indicating growing institutional interest.
• Wall Street analysts upgraded Pure Cycle's rating from a "sell" to a "hold," which could signal a more favorable outlook for the company's stock in the market.

Strs Ohio bought a new stake in shares of Pure Cycle Corporation (NASDAQ:PCYO - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 43,100 shares of the utilities provider's stock, valued at approximately $451,000. Strs Ohio owned about 0.18% of Pure Cycle as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. BNP Paribas Financial Markets raised its holdings in Pure Cycle by 87.0% in the 4th quarter. BNP Paribas Financial Markets now owns 8,832 shares of the utilities provider's stock worth $112,000 after acquiring an additional 4,110 shares during the last quarter. Bank of America Corp DE boosted its holdings in Pure Cycle by 42.4% in the 4th 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 period. D. E. Shaw & Co. Inc. boosted its holdings in shares of Pure Cycle by 87.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 27,218 shares of the utilities provider's stock valued at $345,000 after purchasing an additional 12,670 shares during the last quarter. Deutsche Bank AG bought a new position in shares of Pure Cycle during the 4th quarter valued at about $126,000. Finally, Millennium Management LLC purchased a new stake in shares of Pure Cycle during the 4th quarter valued at about $166,000. 51.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Pure Cycle Stock Performance

Shares of NASDAQ:PCYO opened at $11.34 on Tuesday. The firm has a market cap of $272.95 million, a PE ratio of 20.62 and a beta of 1.33. The firm's 50 day simple moving average is $10.34 and its 200-day simple moving average is $10.41. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.40 and a current ratio of 3.52. Pure Cycle Corporation has a one year low of $9.65 and a one year high of $14.63.

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

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.

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