Pure Cycle Corporation $PCYO Stock Position Lifted by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. grew its holdings in shares of Pure Cycle Corporation (NASDAQ:PCYO) by 75.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 195,146 shares of the utilities provider’s stock after purchasing an additional 83,614 shares during the period. Tealwood Asset Management Inc. owned approximately 0.81% of Pure Cycle worth $2,160,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Curi Capital LLC increased its stake in Pure Cycle by 319.5% during 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 during the period. Kennedy Capital Management LLC boosted its holdings in shares of Pure Cycle by 2.4% in the second quarter. Kennedy Capital Management LLC now owns 524,763 shares of the utilities provider’s stock valued at $5,625,000 after acquiring an additional 12,406 shares in the last quarter. Boston Partners increased its stake in shares of Pure Cycle by 49.1% during the second quarter. Boston Partners now owns 187,565 shares of the utilities provider’s stock valued at $2,011,000 after acquiring an additional 61,784 shares during the period. Goldman Sachs Group Inc. raised its holdings in Pure Cycle by 39.0% during the first quarter. Goldman Sachs Group Inc. now owns 131,836 shares of the utilities provider’s stock worth $1,380,000 after purchasing an additional 37,018 shares in the last quarter. Finally, First Wilshire Securities Management Inc. acquired a new stake in Pure Cycle in the second quarter worth approximately $1,271,000. Institutional investors and hedge funds own 51.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PCYO shares. Wall Street Zen upgraded Pure Cycle from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Pure Cycle in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Pure Cycle Trading Up 0.5%

Pure Cycle stock opened at $11.09 on Friday. The firm has a market cap of $267.17 million, a price-to-earnings ratio of 20.92 and a beta of 1.38. Pure Cycle Corporation has a 1 year low of $9.65 and a 1 year high of $12.97. The firm’s 50 day moving average price is $11.23 and its two-hundred day moving average price is $10.77. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.09 and a current ratio of 2.72.

Pure Cycle (NASDAQ:PCYO) last released its quarterly earnings data on Wednesday, November 12th. The utilities provider reported $0.25 earnings per share for the quarter. The business had revenue of $11.20 million during the quarter. Pure Cycle had a return on equity of 9.58% and a net margin of 50.26%.

Insiders Place Their Bets

In related news, Director Daniel R. Kozlowski sold 68,778 shares of Pure Cycle stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $11.01, for a total value of $757,245.78. Following the transaction, the director owned 2,600,000 shares of the company’s stock, valued at approximately $28,626,000. This trade represents a 2.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.10% of the company’s stock.

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.