Bank of New York Mellon Corp Lowers Stake in Pure Cycle Co. (NASDAQ:PCYO)

Bank of New York Mellon Corp lessened its holdings in Pure Cycle Co. (NASDAQ:PCYO) by 10.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,718 shares of the utilities provider’s stock after selling 8,684 shares during the quarter. Bank of New York Mellon Corp owned about 0.29% of Pure Cycle worth $897,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Tealwood Asset Management Inc. grew its position in Pure Cycle by 72.8% during the 4th quarter. Tealwood Asset Management Inc. now owns 203,158 shares of the utilities provider’s stock valued at $2,576,000 after purchasing an additional 85,558 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Pure Cycle by 10.7% during the third quarter. Geode Capital Management LLC now owns 510,549 shares of the utilities provider’s stock valued at $5,500,000 after acquiring an additional 49,272 shares in the last quarter. Avanza Fonder AB bought a new stake in shares of Pure Cycle during the fourth quarter valued at approximately $530,000. Barclays PLC raised its holdings in Pure Cycle by 253.9% in the 3rd quarter. Barclays PLC now owns 27,385 shares of the utilities provider’s stock worth $295,000 after acquiring an additional 19,646 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC bought a new position in Pure Cycle in the 4th quarter valued at approximately $148,000. Institutional investors own 51.39% of the company’s stock.

Pure Cycle Stock Performance

Shares of PCYO stock opened at $10.48 on Wednesday. The company has a quick ratio of 3.09, a current ratio of 3.56 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average price of $11.35 and a 200-day moving average price of $11.72. Pure Cycle Co. has a 52 week low of $8.94 and a 52 week high of $14.63. The firm has a market capitalization of $252.33 million, a PE ratio of 19.05 and a beta of 1.05.

Pure Cycle (NASDAQ:PCYO) last posted its earnings results on Wednesday, January 8th. The utilities provider reported $0.16 EPS for the quarter. Pure Cycle had a net margin of 46.32% and a return on equity of 10.54%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Pure Cycle from a “buy” rating to a “hold” rating in a report on Friday, January 10th.

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.