Pure Cycle Co. (NASDAQ:PCYO) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in Pure Cycle Co. (NASDAQ:PCYO) by 5.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,612 shares of the utilities provider’s stock after buying an additional 3,050 shares during the period. Charles Schwab Investment Management Inc. owned 0.24% of Pure Cycle worth $631,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its stake 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 valued at $112,000 after acquiring an additional 1,671 shares in the last quarter. Los Angeles Capital Management LLC grew 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 valued at $275,000 after purchasing an additional 1,890 shares in the last quarter. Rhumbline Advisers increased its holdings 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 valued at $316,000 after purchasing an additional 6,398 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its position in 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 worth $497,000 after buying an additional 6,417 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Pure Cycle by 20.1% during the second quarter. Bank of New York Mellon Corp now owns 94,311 shares of the utilities provider’s stock worth $901,000 after buying an additional 15,759 shares during the last quarter. 51.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Pure Cycle news, Director Daniel R. Kozlowski sold 20,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $13.10, for a total transaction of $262,000.00. Following the completion of the sale, the director now owns 2,668,778 shares of the company’s stock, valued at $34,960,991.80. This trade represents a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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 report on Monday, November 18th.

Pure Cycle Price Performance

Shares of PCYO stock opened at $12.37 on Thursday. The firm’s 50-day moving average is $12.39 and its two-hundred day moving average is $10.87. Pure Cycle Co. has a 12 month low of $8.94 and a 12 month high of $14.63. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.05 and a quick ratio of 3.66. The company has a market capitalization of $297.81 million, a PE ratio of 25.77 and a beta of 1.00.

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.