Pure Cycle Corporation $PCYO is Magnolia Group LLC’s 7th Largest Position

Magnolia Group LLC lowered its position in Pure Cycle Corporation (NASDAQ:PCYO) by 4.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,914,559 shares of the utilities provider’s stock after selling 98,547 shares during the period. Pure Cycle comprises approximately 3.6% of Magnolia Group LLC’s holdings, making the stock its 7th largest position. Magnolia Group LLC owned about 0.08% of Pure Cycle worth $19,260,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. North Star Investment Management Corp. purchased a new position in shares of Pure Cycle during the 1st quarter worth approximately $825,000. AQR Capital Management LLC lifted its holdings in shares of Pure Cycle by 11.1% in the 4th quarter. AQR Capital Management LLC now owns 20,007 shares of the utilities provider’s stock valued at $220,000 after buying an additional 2,004 shares during the period. Rothschild Wealth LLC purchased a new stake in shares of Pure Cycle in the fourth quarter valued at approximately $478,000. Squarepoint Ops LLC boosted its stake in shares of Pure Cycle by 24.8% in the fourth quarter. Squarepoint Ops LLC now owns 12,500 shares of the utilities provider’s stock valued at $137,000 after buying an additional 2,483 shares in the last quarter. Finally, Barclays PLC grew its holdings in Pure Cycle by 16.8% during the fourth quarter. Barclays PLC now owns 32,583 shares of the utilities provider’s stock worth $358,000 after acquiring an additional 4,681 shares during the period. Hedge funds and other institutional investors own 51.39% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings cut Pure Cycle from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Pure Cycle Stock Down 1.7%

Shares of NASDAQ PCYO opened at $10.81 on Friday. The stock has a market capitalization of $260.52 million, a price-to-earnings ratio of 18.64 and a beta of 1.23. Pure Cycle Corporation has a 52 week low of $9.65 and a 52 week high of $12.44. The firm has a 50-day moving average price of $10.84 and a 200 day moving average price of $10.92. The company has a quick ratio of 0.83, a current ratio of 1.39 and a debt-to-equity ratio of 0.04.

Pure Cycle (NASDAQ:PCYO) last issued its earnings results on Wednesday, April 8th. The utilities provider reported $0.05 earnings per share for the quarter. Pure Cycle had a net margin of 45.80% and a return on equity of 9.75%. The company had revenue of $5.17 million for the quarter.

Pure Cycle Profile

Pure Cycle Corporation (NASDAQ:PCYO) is a Colorado-based utility and real estate development company focused on water resource management and land development along the Front Range. The company’s core operations involve the acquisition, treatment and distribution of potable water, as well as the collection and treatment of wastewater, serving suburban and rural communities in the Denver metropolitan area. Pure Cycle holds substantial water rights and operates distribution and treatment facilities under a regulated utility model, providing essential services to residential and commercial customers.

In addition to its water utility business, Pure Cycle engages in real estate development, leveraging its water assets to create fully serviced residential communities.