Loomis Sayles & Co. L P Lowers Stake in Pure Cycle Co. (NASDAQ:PCYO)

Loomis Sayles & Co. L P lowered its stake in shares of Pure Cycle Co. (NASDAQ:PCYO) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 488,090 shares of the utilities provider’s stock after selling 18,459 shares during the period. Loomis Sayles & Co. L P owned 2.03% of Pure Cycle worth $5,257,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Magnolia Group LLC lifted its holdings in shares of Pure Cycle by 7.0% during the 2nd 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 during the last quarter. Tealwood Asset Management Inc. purchased a new stake in shares of Pure Cycle during the 3rd quarter valued at $1,267,000. Vanguard Group Inc. increased its position in shares of Pure Cycle by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 1,058,312 shares of the utilities provider’s stock valued at $10,054,000 after acquiring an additional 22,748 shares during the period. State Board of Administration of Florida Retirement System acquired a new position in shares of Pure Cycle in the 1st quarter valued at $173,000. Finally, Bank of New York Mellon Corp increased its position in shares of Pure Cycle by 20.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 94,311 shares of the utilities provider’s stock valued at $901,000 after acquiring an additional 15,759 shares during the period. Hedge funds and other institutional investors own 51.39% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Pure Cycle from a “sell” rating to a “buy” rating in a research report on Monday, November 18th.

Pure Cycle Price Performance

Shares of PCYO opened at $14.45 on Thursday. The business’s 50-day moving average is $11.47 and its two-hundred day moving average is $10.41. The company has a market capitalization of $347.81 million, a P/E ratio of 30.10 and a beta of 0.92. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.66 and a current ratio of 4.05. Pure Cycle Co. has a fifty-two week low of $8.94 and a fifty-two week high of $14.62.

Insider Transactions at Pure Cycle

In other Pure Cycle news, Director Daniel R. Kozlowski sold 20,000 shares of the firm’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 value of $262,000.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 15.90% of the company’s stock.

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.