MYDA Advisors LLC Has $2.28 Million Holdings in Pure Cycle Co. (NASDAQ:PCYO)

MYDA Advisors LLC lessened its position in shares of Pure Cycle Co. (NASDAQ:PCYO - Free Report) by 18.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 180,000 shares of the utilities provider's stock after selling 40,000 shares during the period. MYDA Advisors LLC owned approximately 0.75% of Pure Cycle worth $2,282,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in Pure Cycle by 1.4% in 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 during the period. Marshall Wace LLP acquired a new stake in shares of Pure Cycle during the fourth quarter worth $225,000. Barclays PLC boosted its position in shares of Pure Cycle by 14.1% in the fourth quarter. Barclays PLC now owns 31,247 shares of the utilities provider's stock valued at $396,000 after acquiring an additional 3,862 shares during the period. Wells Fargo & Company MN boosted its position in shares of Pure Cycle by 23.8% in the fourth quarter. Wells Fargo & Company MN now owns 12,191 shares of the utilities provider's stock valued at $155,000 after acquiring an additional 2,343 shares during the period. Finally, Heartland Advisors Inc. increased its position in Pure Cycle by 17.5% during the fourth quarter. Heartland Advisors Inc. now owns 627,264 shares of the utilities provider's stock worth $7,954,000 after acquiring an additional 93,495 shares during the period. Institutional investors own 51.39% of the company's stock.

Pure Cycle Price Performance

Shares of NASDAQ:PCYO traded down $0.15 during trading on Friday, reaching $10.09. 4,890 shares of the company traded hands, compared to its average volume of 49,529. The firm has a market capitalization of $242.90 million, a PE ratio of 18.29 and a beta of 1.10. Pure Cycle Co. has a 52 week low of $8.94 and a 52 week 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's 50 day moving average is $10.72 and its two-hundred day moving average is $11.66.

Pure Cycle (NASDAQ:PCYO - Get Free Report) last posted its quarterly earnings data on Wednesday, April 9th. The utilities provider reported $0.03 earnings per share 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 research report on Friday, January 10th.

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.