Bard Associates Inc. Sells 5,056 Shares of Pure Cycle Co. (NASDAQ:PCYO)

Bard Associates Inc. lowered its stake in Pure Cycle Co. (NASDAQ:PCYO) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 364,995 shares of the utilities provider’s stock after selling 5,056 shares during the quarter. Pure Cycle makes up 1.3% of Bard Associates Inc.’s investment portfolio, making the stock its 16th largest position. Bard Associates Inc. owned about 1.52% of Pure Cycle worth $3,931,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Tealwood Asset Management Inc. bought a new position in Pure Cycle during the 3rd quarter valued at approximately $1,267,000. The Manufacturers Life Insurance Company increased its stake in Pure Cycle by 16.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,701 shares of the utilities provider’s stock worth $112,000 after buying an additional 1,671 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Pure Cycle by 14.1% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 52,000 shares of the utilities provider’s stock worth $497,000 after purchasing an additional 6,417 shares during the period. Magnolia Group LLC grew its position in shares of Pure Cycle by 7.0% during 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 in the last quarter. Finally, Los Angeles Capital Management LLC increased its position in 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 worth $275,000 after purchasing an additional 1,890 shares during the last quarter. Hedge funds and other institutional investors own 51.39% of the company’s stock.

Pure Cycle Trading Up 11.6 %

PCYO opened at $13.04 on Friday. The stock’s 50 day moving average price is $10.79 and its 200-day moving average price is $10.14. The stock has a market cap of $314.00 million, a price-to-earnings ratio of 27.17 and a beta of 0.92. Pure Cycle Co. has a one year low of $8.94 and a one year high of $13.40. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.56 and a current ratio of 4.10.

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.