Pure Cycle (NASDAQ:PCYO) Shares Cross Above 200-Day Moving Average – Time to Sell?

Pure Cycle Co. (NASDAQ:PCYO) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.99 and traded as high as $12.98. Pure Cycle shares last traded at $12.96, with a volume of 30,362 shares changing hands.

Analyst Upgrades and Downgrades

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

Pure Cycle Stock Down 3.2 %

The firm has a market capitalization of $302.14 million, a P/E ratio of 26.15 and a beta of 1.00. The company has a fifty day simple moving average of $12.66 and a 200 day simple moving average of $11.03. The company has a quick ratio of 3.66, a current ratio of 4.05 and a debt-to-equity ratio of 0.05.

Insider Buying and Selling

In other Pure Cycle news, Director Daniel R. Kozlowski sold 20,000 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $13.10, for a total transaction of $262,000.00. Following the sale, the director now directly owns 2,668,778 shares in the company, valued at approximately $34,960,991.80. This trade represents a 0.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 17.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Pure Cycle

A number of hedge funds have recently added to or reduced their stakes in PCYO. The Manufacturers Life Insurance Company grew 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 worth $112,000 after acquiring an additional 1,671 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Pure Cycle by 58.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,359 shares of the utilities provider’s stock valued at $155,000 after purchasing an additional 5,305 shares during the period. Los Angeles Capital Management LLC increased its position in shares of Pure Cycle by 7.0% during the 2nd quarter. Los Angeles Capital Management LLC now owns 28,830 shares of the utilities provider’s stock valued at $275,000 after purchasing an additional 1,890 shares during the last quarter. Barclays PLC lifted its stake in shares of Pure Cycle by 253.9% in the 3rd 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 period. Finally, Rhumbline Advisers boosted its holdings in shares of Pure Cycle by 24.0% in the second quarter. Rhumbline Advisers now owns 33,088 shares of the utilities provider’s stock worth $316,000 after buying an additional 6,398 shares during the last quarter. 51.39% of the stock is currently owned by hedge funds and other institutional investors.

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.