Pure Cycle Co. (NASDAQ:PCYO) Stock Position Increased by State Street Corp

State Street Corp increased its position in shares of Pure Cycle Co. (NASDAQ:PCYO) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 412,332 shares of the utilities provider’s stock after acquiring an additional 10,124 shares during the period. State Street Corp owned approximately 1.71% of Pure Cycle worth $4,441,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its position in shares of Pure Cycle by 16.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,701 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 1,671 shares during the period. Los Angeles Capital Management LLC increased its position in shares of Pure Cycle by 7.0% in the second quarter. Los Angeles Capital Management LLC now owns 28,830 shares of the utilities provider’s stock worth $275,000 after acquiring an additional 1,890 shares in the last quarter. Rhumbline Advisers increased its position in shares of Pure Cycle by 24.0% in the second quarter. Rhumbline Advisers now owns 33,088 shares of the utilities provider’s stock worth $316,000 after acquiring an additional 6,398 shares in the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of 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 valued at $497,000 after acquiring an additional 6,417 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Pure Cycle by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 58,612 shares of the utilities provider’s stock valued at $631,000 after acquiring an additional 3,050 shares in the last quarter. 51.39% of the stock is owned by institutional investors and hedge funds.

Pure Cycle Stock Down 3.2 %

PCYO stock opened at $12.55 on Monday. The firm has a market cap of $302.14 million, a PE ratio of 26.15 and a beta of 1.00. Pure Cycle Co. has a 1 year low of $8.94 and a 1 year high of $14.63. The company has a fifty day simple moving average of $12.66 and a 200 day simple moving average of $11.05. The company has a current ratio of 4.05, a quick ratio of 3.66 and a debt-to-equity ratio of 0.05.

Insiders Place Their Bets

In other Pure Cycle news, Director Daniel R. Kozlowski sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $13.10, for a total value of $262,000.00. Following the completion of the transaction, the director now owns 2,668,778 shares of the company’s stock, valued at $34,960,991.80. This represents a 0.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 17.20% of the company’s stock.

Analysts Set New Price Targets

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

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.