Pure Cycle (NASDAQ:PCYO) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Pure Cycle (NASDAQ:PCYO) from a sell rating to a buy rating in a report issued on Monday morning.

Pure Cycle Trading Up 4.6 %

NASDAQ:PCYO opened at $13.70 on Monday. Pure Cycle has a 52 week low of $8.94 and a 52 week high of $13.80. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.66 and a current ratio of 4.05. The firm’s fifty day moving average is $11.10 and its 200-day moving average is $10.26. The firm has a market cap of $329.76 million, a P/E ratio of 27.29 and a beta of 0.92.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PCYO. Magnolia Group LLC increased its holdings in Pure Cycle by 7.0% in the second quarter. Magnolia Group LLC now owns 2,071,911 shares of the utilities provider’s stock worth $19,787,000 after purchasing an additional 135,985 shares in the last quarter. Tealwood Asset Management Inc. acquired a new stake in shares of Pure Cycle during the 3rd quarter worth approximately $1,267,000. Geode Capital Management LLC increased its stake in shares of Pure Cycle by 10.7% in the 3rd quarter. Geode Capital Management LLC now owns 510,549 shares of the utilities provider’s stock valued at $5,500,000 after acquiring an additional 49,272 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Pure Cycle by 2.2% during 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. Finally, Barclays PLC boosted its stake 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 acquiring an additional 19,646 shares in the last quarter. 51.39% of the stock is owned by institutional investors and hedge funds.

About Pure Cycle

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.