A number of other equities research analysts have also recently issued reports on PCYO. ValuEngine cut Pure Cycle from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 2nd. TheStreet upgraded Pure Cycle from a “c” rating to a “b-” rating in a research note on Friday, November 8th.
Shares of NASDAQ:PCYO traded up $0.24 during trading on Friday, reaching $11.86. 40,257 shares of the stock were exchanged, compared to its average volume of 23,258. Pure Cycle has a 12 month low of $9.20 and a 12 month high of $12.23. The firm has a market cap of $284.97 million, a PE ratio of 132.89 and a beta of 0.58. The stock has a 50-day moving average price of $11.11 and a 200-day moving average price of $10.56.
In related news, major shareholder Par Investment Partners Lp sold 2,950,000 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $9.75, for a total value of $28,762,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Plaisance Capital Llc purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was bought at an average price of $10.88 per share, with a total value of $54,400.00. The disclosure for this purchase can be found here. Insiders own 5.03% of the company’s stock.
Several hedge funds have recently modified their holdings of PCYO. Smart Money Group LLC bought a new stake in shares of Pure Cycle in the third quarter valued at approximately $113,000. Perritt Capital Management Inc. bought a new stake in shares of Pure Cycle in the second quarter valued at approximately $127,000. Bremer Bank National Association boosted its stake in shares of Pure Cycle by 28.0% in the third quarter. Bremer Bank National Association now owns 14,180 shares of the utilities provider’s stock valued at $146,000 after buying an additional 3,105 shares during the period. Beddow Capital Management Inc. bought a new stake in shares of Pure Cycle in the second quarter valued at approximately $159,000. Finally, Wall Street Access Asset Management LLC bought a new stake in shares of Pure Cycle in the second quarter valued at approximately $167,000. Institutional investors and hedge funds own 66.99% of the company’s stock.
Pure Cycle Company Profile
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 Activities. The company offers utility services, including water production, storage, treatment, wastewater collection and treatment, irrigation water treatment and transmission, construction management, billing and collection, and emergency response services, as well as bulk transmission services to retail distribution systems.
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