Tealwood Asset Management Inc. Sells 89,900 Shares of Pure Cycle Co. (NASDAQ:PCYO)

Tealwood Asset Management Inc. cut its position in shares of Pure Cycle Co. (NASDAQ:PCYO - Free Report) by 44.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 113,258 shares of the utilities provider's stock after selling 89,900 shares during the period. Tealwood Asset Management Inc. owned about 0.47% of Pure Cycle worth $1,186,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Heartland Advisors Inc. raised 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 purchasing an additional 93,495 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Pure Cycle by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 466,795 shares of the utilities provider's stock valued at $5,919,000 after purchasing an additional 6,387 shares in the last quarter. Bard Associates Inc. raised its position in Pure Cycle by 1.3% during the 4th quarter. Bard Associates Inc. now owns 369,843 shares of the utilities provider's stock valued at $4,690,000 after purchasing an additional 4,848 shares in the last quarter. Northern Trust Corp raised its position in Pure Cycle by 7.9% during the 4th quarter. Northern Trust Corp now owns 192,394 shares of the utilities provider's stock valued at $2,440,000 after purchasing an additional 14,118 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. raised its position in Pure Cycle by 22.9% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 63,886 shares of the utilities provider's stock valued at $810,000 after purchasing an additional 11,886 shares in the last quarter. 51.39% of the stock is owned by institutional investors.

Pure Cycle Trading Up 0.6%

Shares of NASDAQ PCYO opened at $10.30 on Friday. The company has a quick ratio of 3.09, a current ratio of 3.56 and a debt-to-equity ratio of 0.05. The business has a fifty day simple moving average of $10.34 and a two-hundred day simple moving average of $11.47. The firm has a market cap of $247.98 million, a PE ratio of 18.73 and a beta of 1.30. Pure Cycle Co. has a twelve month low of $8.94 and a twelve month high of $14.63.

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

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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