Epiq Partners LLC Sells 54,975 Shares of Pure Cycle Co. (NASDAQ:PCYO)

Epiq Partners LLC trimmed its position in Pure Cycle Co. (NASDAQ:PCYO) by 16.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 273,840 shares of the utilities provider’s stock after selling 54,975 shares during the quarter. Pure Cycle accounts for approximately 1.9% of Epiq Partners LLC’s investment portfolio, making the stock its 19th biggest holding. Epiq Partners LLC’s holdings in Pure Cycle were worth $3,472,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Tealwood Asset Management Inc. bought a new stake in Pure Cycle in the 3rd quarter valued at approximately $1,267,000. Geode Capital Management LLC lifted its position in shares of Pure Cycle by 10.7% in the third 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. Avanza Fonder AB bought a new stake in shares of Pure Cycle in the fourth quarter worth $530,000. Barclays PLC boosted its holdings in Pure Cycle by 253.9% during the third quarter. Barclays PLC now owns 27,385 shares of the utilities provider’s stock worth $295,000 after purchasing an additional 19,646 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC bought a new position in Pure Cycle in the fourth quarter valued at $148,000. 51.39% of the stock is owned by institutional investors and hedge funds.

Pure Cycle Stock Performance

Shares of NASDAQ PCYO opened at $11.28 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.09 and a current ratio of 3.56. The stock has a 50 day moving average price of $12.87 and a 200 day moving average price of $11.42. The stock has a market capitalization of $271.62 million, a PE ratio of 20.51 and a beta of 1.03. Pure Cycle Co. has a 52 week low of $8.94 and a 52 week high of $14.63.

Pure Cycle (NASDAQ:PCYO) last announced its quarterly earnings data 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%.

Insiders Place Their Bets

In other news, Director Daniel R. Kozlowski sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $13.10, for a total value of $262,000.00. Following the completion of the sale, the director now directly 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 filing with the SEC, which is available at this link. Insiders own 17.20% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.