SG Americas Securities LLC Purchases New Holdings in Pure Cycle Co. (NASDAQ:PCYO)

SG Americas Securities LLC acquired a new position in Pure Cycle Co. (NASDAQ:PCYO) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 8,685 shares of the utilities provider’s stock, valued at approximately $110,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of Pure Cycle by 10.7% in the 3rd quarter. Geode Capital Management LLC now owns 510,549 shares of the utilities provider’s stock worth $5,500,000 after purchasing an additional 49,272 shares in the last quarter. State Street Corp boosted its holdings in Pure Cycle by 2.5% in the third quarter. State Street Corp now owns 412,332 shares of the utilities provider’s stock worth $4,441,000 after acquiring an additional 10,124 shares in the last quarter. Tealwood Asset Management Inc. boosted its holdings in Pure Cycle by 72.8% in the fourth quarter. Tealwood Asset Management Inc. now owns 203,158 shares of the utilities provider’s stock worth $2,576,000 after acquiring an additional 85,558 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Pure Cycle by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 58,612 shares of the utilities provider’s stock valued at $631,000 after acquiring an additional 3,050 shares in the last quarter. Finally, Avanza Fonder AB purchased a new position in shares of Pure Cycle in the 4th quarter worth about $530,000. Hedge funds and other institutional investors own 51.39% of the company’s stock.

Pure Cycle Price Performance

Shares of PCYO opened at $11.45 on Thursday. The company has a market capitalization of $275.72 million, a P/E ratio of 20.82 and a beta of 1.02. Pure Cycle Co. has a twelve month low of $8.94 and a twelve month high of $14.63. 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 firm has a 50 day moving average of $12.30 and a 200 day moving average of $11.51.

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

Analyst Ratings Changes

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

Insider Transactions at Pure Cycle

In related news, Director Daniel R. Kozlowski sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $13.10, for a total transaction of $262,000.00. Following the transaction, the director now owns 2,668,778 shares in the company, valued at $34,960,991.80. This represents a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 17.20% of the company’s stock.

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.