Tealwood Asset Management Inc. Decreases Stock Holdings in Pure Cycle Co. (NASDAQ:PCYO)

Tealwood Asset Management Inc. trimmed its position in Pure Cycle Co. (NASDAQ:PCYO - Free Report) by 44.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,258 shares of the utilities provider's stock after selling 89,900 shares during the period. Tealwood Asset Management Inc. owned 0.47% of Pure Cycle worth $1,186,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Heartland Advisors Inc. increased its position in Pure Cycle by 17.5% during the 4th quarter. Heartland Advisors Inc. now owns 627,264 shares of the utilities provider's stock valued at $7,954,000 after buying an additional 93,495 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Pure Cycle by 252.3% in the 4th quarter. JPMorgan Chase & Co. now owns 50,591 shares of the utilities provider's stock worth $641,000 after purchasing an additional 36,232 shares during the last quarter. Marshall Wace LLP bought a new position in Pure Cycle in the 4th quarter worth about $225,000. Northern Trust Corp boosted its stake in Pure Cycle by 7.9% in the 4th quarter. Northern Trust Corp now owns 192,394 shares of the utilities provider's stock worth $2,440,000 after purchasing an additional 14,118 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in Pure Cycle during the 4th quarter valued at about $166,000. Institutional investors own 51.39% of the company's stock.

Pure Cycle Stock Up 2.0%

NASDAQ:PCYO traded up $0.21 on Tuesday, reaching $10.73. 36,130 shares of the stock traded hands, compared to its average volume of 52,357. The company has a current ratio of 3.56, a quick ratio of 3.09 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $258.34 million, a price-to-earnings ratio of 19.51 and a beta of 1.31. Pure Cycle Co. has a 12 month low of $8.94 and a 12 month high of $14.63. The company's fifty day simple moving average is $10.35 and its 200 day simple moving average is $11.41.

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

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.