North Star Investment Management Corp. Takes $825,000 Position in Pure Cycle Corporation $PCYO

North Star Investment Management Corp. acquired a new stake in shares of Pure Cycle Corporation (NASDAQ:PCYO) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 82,000 shares of the utilities provider’s stock, valued at approximately $825,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its holdings in Pure Cycle by 64.0% in the third quarter. BNP Paribas Financial Markets now owns 3,878 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 1,513 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Pure Cycle by 16.1% during the third quarter. JPMorgan Chase & Co. now owns 10,984 shares of the utilities provider’s stock valued at $122,000 after purchasing an additional 1,521 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Pure Cycle by 143.4% during the third quarter. Russell Investments Group Ltd. now owns 2,634 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 1,552 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Pure Cycle by 8.5% during the 3rd quarter. Alliancebernstein L.P. now owns 20,320 shares of the utilities provider’s stock worth $225,000 after purchasing an additional 1,600 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Pure Cycle by 11.1% during the 4th quarter. AQR Capital Management LLC now owns 20,007 shares of the utilities provider’s stock worth $220,000 after purchasing an additional 2,004 shares during the period. Institutional investors and hedge funds own 51.39% of the company’s stock.

Pure Cycle Stock Performance

Shares of PCYO opened at $10.93 on Tuesday. The firm has a fifty day moving average of $10.88 and a 200-day moving average of $10.94. The company has a market cap of $263.41 million, a price-to-earnings ratio of 18.84 and a beta of 1.24. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.83 and a current ratio of 1.39. Pure Cycle Corporation has a 1 year low of $9.65 and a 1 year high of $12.44.

Pure Cycle (NASDAQ:PCYO) last released its quarterly earnings data 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 business had revenue of $5.17 million for the quarter.

Analyst Upgrades and Downgrades

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

Pure Cycle Company 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.