Sapient Capital LLC acquired a new stake in Pure Cycle Co. (NASDAQ:PCYO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 799,006 shares of the utilities provider's stock, valued at approximately $8,366,000. Sapient Capital LLC owned about 3.32% of Pure Cycle as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the business. Skylands Capital LLC lifted its stake in shares of Pure Cycle by 6.2% during the 3rd quarter. Skylands Capital LLC now owns 20,702 shares of the utilities provider's stock worth $199,000 after purchasing an additional 1,202 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Pure Cycle by 1.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 87,658 shares of the utilities provider's stock worth $842,000 after purchasing an additional 1,476 shares during the last quarter. Strs Ohio lifted its stake in shares of Pure Cycle by 6.0% during the 3rd quarter. Strs Ohio now owns 51,500 shares of the utilities provider's stock worth $494,000 after purchasing an additional 2,900 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Pure Cycle by 17.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 25,447 shares of the utilities provider's stock worth $244,000 after purchasing an additional 3,872 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in shares of Pure Cycle by 20.6% during the 3rd quarter. Los Angeles Capital Management LLC now owns 26,940 shares of the utilities provider's stock worth $259,000 after purchasing an additional 4,610 shares during the last quarter. Institutional investors own 51.39% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com cut Pure Cycle from a "hold" rating to a "sell" rating in a research note on Friday, April 12th.
View Our Latest Research Report on Pure Cycle
Pure Cycle Stock Up 1.3 %
Pure Cycle stock traded up $0.13 during midday trading on Friday, reaching $9.91. The company's stock had a trading volume of 50,829 shares, compared to its average volume of 63,422. The stock's 50-day simple moving average is $9.59 and its 200-day simple moving average is $9.89. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.10 and a quick ratio of 3.56. Pure Cycle Co. has a 52-week low of $9.10 and a 52-week high of $13.07. The stock has a market capitalization of $238.73 million, a P/E ratio of 36.71 and a beta of 0.96.
About Pure Cycle
(
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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