Sapient Capital LLC Purchases Shares of 795,106 Pure Cycle Co. (NASDAQ:PCYO)

Sapient Capital LLC bought a new position in Pure Cycle Co. (NASDAQ:PCYO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 795,106 shares of the utilities provider's stock, valued at approximately $8,325,000. Sapient Capital LLC owned 3.30% of Pure Cycle at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. MetLife Investment Management LLC raised its stake in shares of Pure Cycle by 54.9% during the first quarter. MetLife Investment Management LLC now owns 10,581 shares of the utilities provider's stock valued at $127,000 after purchasing an additional 3,752 shares in the last quarter. Panagora Asset Management Inc. bought a new stake in shares of Pure Cycle during the first quarter valued at about $284,000. Dimensional Fund Advisors LP raised its stake in shares of Pure Cycle by 14.2% during the first quarter. Dimensional Fund Advisors LP now owns 270,492 shares of the utilities provider's stock valued at $3,251,000 after purchasing an additional 33,549 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Pure Cycle by 5.1% during the first quarter. Vanguard Group Inc. now owns 1,045,077 shares of the utilities provider's stock valued at $12,562,000 after purchasing an additional 50,970 shares in the last quarter. Finally, Employees Retirement System of Texas raised its stake in shares of Pure Cycle by 25.2% during the first quarter. Employees Retirement System of Texas now owns 84,500 shares of the utilities provider's stock valued at $1,016,000 after purchasing an additional 17,000 shares in the last quarter. 51.39% of the stock is owned by institutional investors and hedge funds.

Pure Cycle Trading Up 1.8 %

PCYO traded up $0.17 during trading on Thursday, reaching $9.68. The company had a trading volume of 197,641 shares, compared to its average volume of 48,143. The firm's 50-day simple moving average is $9.72 and its 200 day simple moving average is $9.89. The company has a market cap of $233.10 million, a price-to-earnings ratio of 34.50 and a beta of 0.97. Pure Cycle Co. has a 12-month low of $9.10 and a 12-month high of $13.07. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.07 and a current ratio of 3.32.

Pure Cycle (NASDAQ:PCYO - Get Free Report) last released its earnings results on Friday, January 12th. The utilities provider reported $0.09 earnings per share for the quarter. Pure Cycle had a return on equity of 5.63% and a net margin of 35.45%. The company had revenue of $5.39 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Pure Cycle from a "sell" rating to a "hold" rating in a report on Monday, January 15th.

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.