Pure Cycle's (PCYO) Hold (C+) Rating Reaffirmed at Weiss Ratings

Pure Cycle (NASDAQ:PCYO - Get Free Report)'s stock had its "hold (c+)" rating reiterated by research analysts at Weiss Ratings in a research note issued on Saturday,Weiss Ratings reports.

Separately, Wall Street Zen raised Pure Cycle from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Pure Cycle currently has an average rating of "Hold".

Pure Cycle Stock Down 0.3%

PCYO opened at $11.02 on Friday. Pure Cycle has a fifty-two week low of $9.65 and a fifty-two week high of $14.63. The business has a 50-day moving average of $10.83 and a 200-day moving average of $10.49. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.52 and a quick ratio of 2.40. The company has a market capitalization of $265.25 million, a PE ratio of 20.04 and a beta of 1.33.

Institutional Trading of Pure Cycle

Several institutional investors have recently modified their holdings of PCYO. Tealwood Asset Management Inc. boosted its stake in Pure Cycle by 75.0% in the 3rd quarter. Tealwood Asset Management Inc. now owns 195,146 shares of the utilities provider's stock valued at $2,160,000 after buying an additional 83,614 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Pure Cycle by 11,145.1% in the 2nd quarter. Lazard Asset Management LLC now owns 5,735 shares of the utilities provider's stock valued at $61,000 after buying an additional 5,684 shares in the last quarter. Curi Capital LLC boosted its stake in Pure Cycle by 319.5% in the 2nd quarter. Curi Capital LLC now owns 672,048 shares of the utilities provider's stock valued at $7,204,000 after buying an additional 511,837 shares in the last quarter. First Wilshire Securities Management Inc. acquired a new stake in Pure Cycle in the 2nd quarter valued at $1,271,000. Finally, Marshall Wace LLP boosted its stake in Pure Cycle by 120.2% in the 2nd quarter. Marshall Wace LLP now owns 26,736 shares of the utilities provider's stock valued at $287,000 after buying an additional 14,592 shares in the last quarter. Institutional investors and hedge funds own 51.39% of the company's stock.

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.

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