StockNews.com Upgrades Pure Cycle (NASDAQ:PCYO) to Buy

Pure Cycle (NASDAQ:PCYO) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “buy” rating in a note issued to investors on Monday.

Pure Cycle Trading Up 1.2 %

Pure Cycle stock opened at $13.26 on Monday. The stock has a 50-day moving average price of $10.97 and a 200 day moving average price of $10.21. Pure Cycle has a 52 week low of $8.94 and a 52 week high of $13.48. The stock has a market cap of $319.17 million, a PE ratio of 27.29 and a beta of 0.92. The company has a current ratio of 4.05, a quick ratio of 3.66 and a debt-to-equity ratio of 0.05.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Magnolia Group LLC grew its position in shares of Pure Cycle by 7.0% in the second quarter. Magnolia Group LLC now owns 2,071,911 shares of the utilities provider’s stock valued at $19,787,000 after purchasing an additional 135,985 shares during the period. Vanguard Group Inc. boosted its position in shares of Pure Cycle by 2.2% in the first quarter. Vanguard Group Inc. now owns 1,058,312 shares of the utilities provider’s stock worth $10,054,000 after acquiring an additional 22,748 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Pure Cycle by 10.7% during the 3rd quarter. Geode Capital Management LLC now owns 510,549 shares of the utilities provider’s stock valued at $5,500,000 after buying an additional 49,272 shares during the period. State Street Corp increased its holdings in shares of Pure Cycle by 2.5% during the 3rd quarter. State Street Corp now owns 412,332 shares of the utilities provider’s stock worth $4,441,000 after buying an additional 10,124 shares during the last quarter. Finally, Epiq Partners LLC raised its position in shares of Pure Cycle by 0.6% in the 2nd quarter. Epiq Partners LLC now owns 371,965 shares of the utilities provider’s stock worth $3,552,000 after buying an additional 2,350 shares during the period. 51.39% of the stock is currently owned by institutional investors and hedge funds.

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.