Geode Capital Management LLC Buys 49,272 Shares of Pure Cycle Co. (NASDAQ:PCYO)

Geode Capital Management LLC grew its position in shares of Pure Cycle Co. (NASDAQ:PCYO) by 10.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 510,549 shares of the utilities provider’s stock after acquiring an additional 49,272 shares during the quarter. Geode Capital Management LLC’s holdings in Pure Cycle were worth $5,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Barclays PLC lifted its position in shares of Pure Cycle by 253.9% during the 3rd quarter. Barclays PLC now owns 27,385 shares of the utilities provider’s stock worth $295,000 after buying an additional 19,646 shares in the last quarter. State Street Corp boosted its position in Pure Cycle by 2.5% in the third quarter. State Street Corp now owns 412,332 shares of the utilities provider’s stock worth $4,441,000 after purchasing an additional 10,124 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Pure Cycle by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 58,612 shares of the utilities provider’s stock valued at $631,000 after purchasing an additional 3,050 shares during the period. Tealwood Asset Management Inc. purchased a new stake in shares of Pure Cycle during the 3rd quarter valued at $1,267,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Pure Cycle by 16.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,701 shares of the utilities provider’s stock worth $112,000 after purchasing an additional 1,671 shares during the period. Institutional investors own 51.39% of the company’s stock.

Pure Cycle Stock Performance

Shares of PCYO opened at $12.57 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.05 and a quick ratio of 3.66. The firm has a market cap of $302.62 million, a PE ratio of 26.19 and a beta of 1.03. Pure Cycle Co. has a 1 year low of $8.94 and a 1 year high of $14.63. The stock’s fifty day moving average price is $12.86 and its two-hundred day moving average price is $11.14.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Pure Cycle

In related news, Director Daniel R. Kozlowski sold 20,000 shares of Pure Cycle 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 completion of the sale, the director now owns 2,668,778 shares of the company’s stock, valued at approximately $34,960,991.80. This trade represents a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 17.20% of the company’s stock.

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.