Pure Cycle (NASDAQ:PCYO) Lowered to Sell at StockNews.com

StockNews.com downgraded shares of Pure Cycle (NASDAQ:PCYO) from a hold rating to a sell rating in a report issued on Friday.

Pure Cycle Price Performance

PCYO opened at $9.66 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.10 and a quick ratio of 3.07. The company has a market capitalization of $232.71 million, a price-to-earnings ratio of 35.78 and a beta of 0.97. The firm’s fifty day moving average price is $9.71 and its two-hundred day moving average price is $9.89. Pure Cycle has a 1 year low of $9.10 and a 1 year high of $13.07.

Pure Cycle (NASDAQ:PCYO) last posted its quarterly earnings data on Friday, January 12th. The utilities provider reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $5.39 million for the quarter. Pure Cycle had a net margin of 34.68% and a return on equity of 5.49%.

Hedge Funds Weigh In On Pure Cycle

A number of hedge funds have recently bought and sold shares of the company. MetLife Investment Management LLC raised its stake in shares of Pure Cycle by 54.9% during the 1st quarter. MetLife Investment Management LLC now owns 10,581 shares of the utilities provider’s stock worth $127,000 after purchasing an additional 3,752 shares during the period. Panagora Asset Management Inc. bought a new stake in Pure Cycle in the 1st quarter valued at about $284,000. Dimensional Fund Advisors LP raised its stake in Pure Cycle by 14.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 270,492 shares of the utilities provider’s stock valued at $3,251,000 after acquiring an additional 33,549 shares during the period. Vanguard Group Inc. raised its stake in Pure Cycle by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 1,045,077 shares of the utilities provider’s stock valued at $12,562,000 after acquiring an additional 50,970 shares during the period. Finally, Employees Retirement System of Texas raised its stake in Pure Cycle by 25.2% in the 1st quarter. Employees Retirement System of Texas now owns 84,500 shares of the utilities provider’s stock valued at $1,016,000 after acquiring an additional 17,000 shares during the period. 51.39% of the stock is owned by hedge funds and other institutional investors.

About Pure Cycle

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.