Pure Cycle (NASDAQ:PCYO) Cut to Sell at Wall Street Zen

Key Points

• Pure Cycle has been downgraded from a "hold" to a "sell" rating by analysts at Wall Street Zen, indicating a potential decrease in stock performance.
• The company's most recent quarterly earnings resulted in $0.09 earnings per share and a net margin of 49.58%, reflecting solid profitability metrics.
• Significant institutional activity was noted, with firms like Boston Partners and Los Angeles Capital Management increasing their stakes in Pure Cycle during the second quarter.

Pure Cycle (NASDAQ:PCYO - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

Pure Cycle Stock Performance

Shares of PCYO stock opened at $9.91 on Friday. The company has a quick ratio of 2.40, a current ratio of 3.52 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $238.53 million, a price-to-earnings ratio of 18.02 and a beta of 1.32. The stock has a fifty day moving average of $10.28 and a 200 day moving average of $10.64. Pure Cycle has a 52 week low of $9.64 and a 52 week high of $14.63.

Pure Cycle (NASDAQ:PCYO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 9th. The utilities provider reported $0.09 earnings per share for the quarter. Pure Cycle had a return on equity of 10.19% and a net margin of 49.58%. The firm had revenue of $5.14 million during the quarter.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Kelleher Financial Advisors bought a new position in shares of Pure Cycle during the 2nd quarter valued at approximately $107,000. Boston Partners lifted its stake in shares of Pure Cycle by 49.1% during the 2nd quarter. Boston Partners now owns 187,565 shares of the utilities provider's stock worth $2,011,000 after purchasing an additional 61,784 shares during the last quarter. Los Angeles Capital Management LLC increased its position in Pure Cycle by 79.0% during the 2nd quarter. Los Angeles Capital Management LLC now owns 32,950 shares of the utilities provider's stock valued at $353,000 after buying an additional 14,540 shares in the last quarter. NorthRock Partners LLC acquired a new position in Pure Cycle during the 2nd quarter valued at about $108,000. Finally, Leo Wealth LLC acquired a new position in shares of Pure Cycle in the second quarter valued at about $239,000. 51.39% of the stock is owned by hedge funds and other institutional investors.

Pure Cycle Company Profile

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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