Pure Cycle Co. (NASDAQ:PCYO) Shares Sold by Epiq Partners LLC

Epiq Partners LLC lowered its position in Pure Cycle Co. (NASDAQ:PCYO) by 5.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 369,615 shares of the utilities provider’s stock after selling 21,250 shares during the period. Pure Cycle makes up about 2.3% of Epiq Partners LLC’s investment portfolio, making the stock its 15th biggest position. Epiq Partners LLC’s holdings in Pure Cycle were worth $3,511,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Pure Cycle by 17.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 25,447 shares of the utilities provider’s stock worth $244,000 after purchasing an additional 3,872 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Pure Cycle during the third quarter worth $237,000. Sapient Capital LLC acquired a new stake in shares of Pure Cycle during the fourth quarter worth $8,325,000. Magnolia Group LLC boosted its holdings in shares of Pure Cycle by 28.2% during the fourth quarter. Magnolia Group LLC now owns 1,765,703 shares of the utilities provider’s stock worth $18,487,000 after purchasing an additional 388,339 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Pure Cycle by 142.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,990 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 1,759 shares during the last quarter. Institutional investors and hedge funds own 51.39% of the company’s stock.

Pure Cycle Trading Up 4.4 %

Shares of PCYO traded up $0.40 during trading hours on Thursday, hitting $9.59. The stock had a trading volume of 19,457 shares, compared to its average volume of 48,204. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.56 and a current ratio of 4.10. The firm has a market cap of $231.02 million, a P/E ratio of 34.19 and a beta of 0.95. The company’s fifty day simple moving average is $9.41 and its 200 day simple moving average is $9.76. Pure Cycle Co. has a 12-month low of $8.94 and a 12-month high of $13.07.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Pure Cycle from a “hold” rating to a “sell” rating in a report on Friday, April 12th.

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.