JPMorgan Chase & Co. lifted its holdings in shares of Pure Cycle Co. (NASDAQ:PCYO - Free Report) by 252.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,591 shares of the utilities provider's stock after buying an additional 36,232 shares during the period. JPMorgan Chase & Co. owned about 0.21% of Pure Cycle worth $641,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Pure Cycle in the fourth quarter valued at approximately $110,000. Linden Thomas Advisory Services LLC bought a new position in shares of Pure Cycle in the 4th quarter valued at $148,000. Barclays PLC boosted its stake in shares of Pure Cycle by 253.9% during the third quarter. Barclays PLC now owns 27,385 shares of the utilities provider's stock valued at $295,000 after purchasing an additional 19,646 shares in the last quarter. Avanza Fonder AB bought a new position in Pure Cycle during the 4th quarter worth approximately $530,000. Finally, Diamond Hill Capital Management Inc. boosted its position 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 valued at $810,000 after purchasing an additional 11,886 shares in the last quarter. Institutional investors and hedge funds own 51.39% of the company's stock.
Pure Cycle Price Performance
PCYO traded up $0.12 during trading on Friday, reaching $10.09. 584,330 shares of the company were exchanged, compared to its average volume of 52,501. Pure Cycle Co. has a 12-month low of $8.94 and a 12-month high of $14.63. 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 company has a market cap of $242.93 million, a price-to-earnings ratio of 18.35 and a beta of 1.30. The company's 50-day moving average is $10.52 and its two-hundred day moving average is $11.63.
Pure Cycle (NASDAQ:PCYO - Get Free Report) last posted its quarterly earnings results on Wednesday, April 9th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter. Pure Cycle had a net margin of 46.32% and a return on equity of 10.54%. The business had revenue of $4.00 million during the quarter.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of Pure Cycle from a "buy" rating to a "hold" rating in a report on Friday, January 10th.
Read Our Latest Stock Report on Pure Cycle
Pure Cycle Profile
(
Free Report)
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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