Kelleher Financial Advisors Invests $107,000 in Pure Cycle Corporation $PCYO

Kelleher Financial Advisors purchased a new stake in Pure Cycle Corporation (NASDAQ:PCYO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,000 shares of the utilities provider’s stock, valued at approximately $107,000.

Several other large investors have also made changes to their positions in PCYO. NorthRock Partners LLC acquired a new position in Pure Cycle during the second quarter worth $108,000. Beacon Investment Advisory Services Inc. raised its position in shares of Pure Cycle by 7.6% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 14,166 shares of the utilities provider’s stock worth $152,000 after purchasing an additional 1,000 shares during the last quarter. Jane Street Group LLC purchased a new position in Pure Cycle in the 1st quarter valued at about $201,000. Leo Wealth LLC acquired a new stake in Pure Cycle in the 2nd quarter worth about $239,000. Finally, EdgeRock Capital LLC purchased a new stake in Pure Cycle during the 2nd quarter worth approximately $336,000. 51.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on PCYO. Weiss Ratings upgraded shares of Pure Cycle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Wall Street Zen raised shares of 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 Buy rating, According to data from MarketBeat, Pure Cycle currently has an average rating of “Buy”.

Pure Cycle Trading Up 1.1%

Shares of NASDAQ PCYO opened at $11.12 on Wednesday. The stock has a fifty day simple moving average of $11.03 and a 200-day simple moving average of $10.56. Pure Cycle Corporation has a twelve month low of $9.65 and a twelve month high of $14.63. The stock has a market capitalization of $267.70 million, a PE ratio of 20.22 and a beta of 1.34. The company has a current ratio of 3.52, a quick ratio of 2.40 and a debt-to-equity ratio of 0.05.

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.