Clear Harbor Asset Management LLC Has $372,000 Stake in Pure Cycle Co. (NASDAQ:PCYO)

Clear Harbor Asset Management LLC cut its holdings in shares of Pure Cycle Co. (NASDAQ:PCYO) by 3.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,586 shares of the utilities provider’s stock after selling 1,200 shares during the quarter. Clear Harbor Asset Management LLC owned 0.14% of Pure Cycle worth $372,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Magnolia Group LLC increased its stake in Pure Cycle by 9.6% during the 1st quarter. Magnolia Group LLC now owns 1,935,926 shares of the utilities provider’s stock worth $18,391,000 after acquiring an additional 170,223 shares during the period. State Board of Administration of Florida Retirement System bought a new position in shares of Pure Cycle in the first quarter worth $173,000. Vanguard Group Inc. raised its stake in Pure Cycle by 2.2% in the first quarter. Vanguard Group Inc. now owns 1,058,312 shares of the utilities provider’s stock valued at $10,054,000 after purchasing an additional 22,748 shares in the last quarter. EntryPoint Capital LLC bought a new stake in Pure Cycle during the first quarter worth about $103,000. Finally, Lazard Asset Management LLC acquired a new stake in Pure Cycle during the first quarter worth about $30,000. 51.39% of the stock is currently owned by institutional investors.

Pure Cycle Price Performance

PCYO stock opened at $10.58 on Monday. The company’s 50-day moving average price is $10.51 and its two-hundred day moving average price is $9.97. Pure Cycle Co. has a 12 month low of $8.94 and a 12 month high of $11.32. The company has a quick ratio of 3.56, a current ratio of 4.10 and a debt-to-equity ratio of 0.06. The firm has a market cap of $254.77 million, a P/E ratio of 42.32 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.