Geode Capital Management LLC Has $5.50 Million Stake in Pure Cycle Co. (NASDAQ:PCYO)

Geode Capital Management LLC grew its stake in Pure Cycle Co. (NASDAQ:PCYO) by 10.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 510,549 shares of the utilities provider’s stock after purchasing an additional 49,272 shares during the period. Geode Capital Management LLC owned about 2.12% of Pure Cycle worth $5,500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Barclays PLC grew its stake in shares of Pure Cycle by 253.9% during the third quarter. Barclays PLC now owns 27,385 shares of the utilities provider’s stock worth $295,000 after buying an additional 19,646 shares during the last quarter. State Street Corp grew its holdings in shares of Pure Cycle by 2.5% during the third quarter. State Street Corp now owns 412,332 shares of the utilities provider’s stock worth $4,441,000 after purchasing an additional 10,124 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of 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. Tealwood Asset Management Inc. bought a new position in Pure Cycle in the 3rd quarter valued at approximately $1,267,000. Finally, The Manufacturers Life Insurance Company boosted its position in Pure Cycle by 16.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,701 shares of the utilities provider’s stock worth $112,000 after buying an additional 1,671 shares during the period. 51.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling at Pure Cycle

In other Pure Cycle news, Director Daniel R. Kozlowski sold 20,000 shares of the 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 transaction, the director now owns 2,668,778 shares in the company, valued at approximately $34,960,991.80. This represents a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 17.20% of the company’s stock.

Pure Cycle Price Performance

Pure Cycle stock opened at $12.57 on Friday. The firm has a market cap of $302.62 million, a P/E ratio of 26.19 and a beta of 1.03. The stock’s 50 day moving average is $12.86 and its 200 day moving average is $11.14. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.05 and a quick ratio of 3.66. Pure Cycle Co. has a one year low of $8.94 and a one year high of $14.63.

Pure Cycle 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.