Pure Cycle Co. (NASDAQ:PCYO) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in Pure Cycle Co. (NASDAQ:PCYO - Free Report) by 252.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 50,591 shares of the utilities provider's stock after acquiring an additional 36,232 shares during the quarter. JPMorgan Chase & Co. owned 0.21% of Pure Cycle worth $641,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PCYO. Geode Capital Management LLC lifted its holdings in Pure Cycle by 10.7% in the 3rd quarter. Geode Capital Management LLC now owns 510,549 shares of the utilities provider's stock valued at $5,500,000 after purchasing an additional 49,272 shares in the last quarter. Bard Associates Inc. grew its stake 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 acquiring an additional 4,848 shares in the last quarter. Tealwood Asset Management Inc. lifted its stake in Pure Cycle by 72.8% in the 4th quarter. Tealwood Asset Management Inc. now owns 203,158 shares of the utilities provider's stock worth $2,576,000 after purchasing an additional 85,558 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in shares of 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 worth $810,000 after purchasing an additional 11,886 shares during the last quarter. Finally, Avanza Fonder AB purchased a new stake in shares of Pure Cycle in the fourth quarter valued at approximately $530,000. 51.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Pure Cycle from a "buy" rating to a "hold" rating in a report on Friday, January 10th.

Pure Cycle Trading Up 0.3 %

PCYO stock traded up $0.03 during trading on Monday, reaching $10.12. 1,135 shares of the stock were exchanged, compared to its average volume of 52,304. 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 firm has a market capitalization of $243.65 million, a price-to-earnings ratio of 18.40 and a beta of 1.30. The business has a 50 day moving average price of $10.52 and a 200-day moving average price of $11.64. Pure Cycle Co. has a 1 year low of $8.94 and a 1 year high of $14.63.

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

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.