The Manufacturers Life Insurance Company Raises Stock Position in Pure Cycle Co. (NASDAQ:PCYO)

The Manufacturers Life Insurance Company lifted its holdings in Pure Cycle Co. (NASDAQ:PCYO) by 16.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,701 shares of the utilities provider’s stock after buying an additional 1,671 shares during the period. The Manufacturers Life Insurance Company’s holdings in Pure Cycle were worth $112,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Diamond Hill Capital Management Inc. lifted its position in Pure Cycle by 14.1% in 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. Magnolia Group LLC boosted its stake 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 worth $19,787,000 after purchasing an additional 135,985 shares during the period. Los Angeles Capital Management LLC grew its holdings in Pure Cycle by 7.0% during the 2nd quarter. Los Angeles Capital Management LLC now owns 28,830 shares of the utilities provider’s stock valued at $275,000 after purchasing an additional 1,890 shares during the last quarter. Rhumbline Advisers raised its position in Pure Cycle by 24.0% in the 2nd quarter. Rhumbline Advisers now owns 33,088 shares of the utilities provider’s stock worth $316,000 after purchasing an additional 6,398 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake 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 worth $901,000 after purchasing an additional 15,759 shares during the last quarter. 51.39% of the stock is currently owned by hedge funds and other institutional investors.

Pure Cycle Trading Down 0.1 %

PCYO opened at $10.93 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.56 and a current ratio of 4.10. The stock’s 50 day moving average price is $10.42 and its 200-day moving average price is $9.93. Pure Cycle Co. has a one year low of $8.94 and a one year high of $11.32. The stock has a market cap of $263.14 million, a price-to-earnings ratio of 43.72 and a beta of 0.92.

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.