Wealth Effects LLC Has $417,000 Holdings in Pure Cycle Co. (NASDAQ:PCYO)

Wealth Effects LLC trimmed its holdings in shares of Pure Cycle Co. (NASDAQ:PCYO) by 17.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,850 shares of the utilities provider’s stock after selling 7,000 shares during the period. Wealth Effects LLC’s holdings in Pure Cycle were worth $417,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PCYO. SG Americas Securities LLC acquired a new stake in Pure Cycle in the 4th quarter valued at about $110,000. The Manufacturers Life Insurance Company increased its holdings in shares of Pure Cycle by 16.7% in the second quarter. The Manufacturers Life Insurance Company now owns 11,701 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 1,671 shares in the last quarter. Linden Thomas Advisory Services LLC bought a new position in Pure Cycle in the 4th quarter worth approximately $148,000. JPMorgan Chase & Co. lifted its holdings in Pure Cycle by 58.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,359 shares of the utilities provider’s stock worth $155,000 after buying an additional 5,305 shares in the last quarter. Finally, Barclays PLC boosted its position in Pure Cycle by 253.9% in the 3rd quarter. Barclays PLC now owns 27,385 shares of the utilities provider’s stock valued at $295,000 after buying an additional 19,646 shares during the last quarter. Institutional investors own 51.39% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Pure Cycle from a “buy” rating to a “hold” rating in a research note on Friday, January 10th.

Insider Buying and Selling

In related news, Director Daniel R. Kozlowski sold 20,000 shares of the business’s 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 completion of the transaction, the director now owns 2,668,778 shares in the company, valued at approximately $34,960,991.80. The trade was a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 17.20% of the stock is owned by insiders.

Pure Cycle Stock Up 1.1 %

Shares of NASDAQ PCYO opened at $11.28 on Tuesday. Pure Cycle Co. has a 1 year low of $8.94 and a 1 year high of $14.63. The firm’s 50-day moving average is $12.87 and its 200-day moving average is $11.42. The company has a current ratio of 3.56, a quick ratio of 3.09 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $271.62 million, a PE ratio of 20.51 and a beta of 1.03.

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 net margin of 46.32% and a return on equity of 10.54%.

Pure Cycle Company 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.