Stifel Financial Corp Has $491,000 Stake in Pure Cycle Co. (NASDAQ:PCYO)

Stifel Financial Corp reduced its holdings in Pure Cycle Co. (NASDAQ:PCYO) by 27.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,604 shares of the utilities provider’s stock after selling 17,300 shares during the period. Stifel Financial Corp owned approximately 0.19% of Pure Cycle worth $491,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Magnolia Group LLC raised its position in shares of Pure Cycle by 7.0% during the 2nd quarter. Magnolia Group LLC now owns 2,071,911 shares of the utilities provider’s stock valued at $19,787,000 after acquiring an additional 135,985 shares during the last quarter. Tealwood Asset Management Inc. acquired a new stake in shares of Pure Cycle during the third quarter worth $1,267,000. Bank of New York Mellon Corp increased its holdings in Pure Cycle by 20.1% in the second quarter. Bank of New York Mellon Corp now owns 94,311 shares of the utilities provider’s stock valued at $901,000 after purchasing an additional 15,759 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Pure Cycle by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 58,612 shares of the utilities provider’s stock valued at $631,000 after buying an additional 3,050 shares during the period. Finally, Diamond Hill Capital Management Inc. boosted its holdings in Pure Cycle by 14.1% during the second quarter. Diamond Hill Capital Management Inc. now owns 52,000 shares of the utilities provider’s stock worth $497,000 after buying an additional 6,417 shares during the last quarter. 51.39% of the stock is owned by institutional investors.

Pure Cycle Trading Up 0.7 %

PCYO opened at $12.96 on Friday. The firm’s fifty day moving average is $12.63 and its two-hundred day moving average is $11.00. The firm has a market cap of $312.01 million, a PE ratio of 27.00 and a beta of 1.00. Pure Cycle Co. has a twelve month low of $8.94 and a twelve month high of $14.63. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.66 and a current ratio of 4.05.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Pure Cycle from a “sell” rating to a “buy” rating in a research note on Monday, November 18th.

Insider Activity at Pure Cycle

In other news, Director Daniel R. Kozlowski sold 20,000 shares of Pure Cycle stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $13.10, for a total transaction of $262,000.00. Following the transaction, the director now owns 2,668,778 shares in the company, valued at $34,960,991.80. The trade was a 0.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 17.20% of the stock is owned by corporate insiders.

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. 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.