Pure Cycle Co. (NASDAQ:PCYO) Holdings Boosted by Rhumbline Advisers

Rhumbline Advisers lifted its stake in shares of Pure Cycle Co. (NASDAQ:PCYO) by 24.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,088 shares of the utilities provider’s stock after acquiring an additional 6,398 shares during the quarter. Rhumbline Advisers owned about 0.14% of Pure Cycle worth $316,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PCYO. Price T Rowe Associates Inc. MD grew its position in Pure Cycle by 19.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,590 shares of the utilities provider’s stock worth $348,000 after purchasing an additional 5,994 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Pure Cycle during the 1st quarter worth approximately $103,000. Bank of New York Mellon Corp grew its position in Pure Cycle by 20.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 94,311 shares of the utilities provider’s stock worth $901,000 after purchasing an additional 15,759 shares in the last quarter. Lazard Asset Management LLC purchased a new position in Pure Cycle during the 1st quarter worth approximately $30,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of Pure Cycle during the 1st quarter valued at $173,000. Institutional investors and hedge funds own 51.39% of the company’s stock.

Pure Cycle Trading Up 2.1 %

Shares of NASDAQ:PCYO opened at $10.87 on Friday. The stock has a market capitalization of $261.70 million, a PE ratio of 43.48 and a beta of 0.92. Pure Cycle Co. has a 1 year low of $8.94 and a 1 year high of $11.32. The firm has a fifty day moving average price of $10.33 and a 200 day moving average price of $9.79. The company has a current ratio of 4.10, a quick ratio of 3.56 and a debt-to-equity ratio of 0.06.

Pure Cycle (NASDAQ:PCYO) last posted its quarterly earnings results on Wednesday, July 10th. The utilities provider reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $7.60 million during the quarter. Pure Cycle had a net margin of 31.00% and a return on equity of 5.07%.

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.