Avanza Fonder AB Purchases New Holdings in Pure Cycle Co. (NASDAQ:PCYO)

Avanza Fonder AB purchased a new position in shares of Pure Cycle Co. (NASDAQ:PCYO) during the 4th quarter, Holdings Channel.com reports. The fund purchased 41,807 shares of the utilities provider’s stock, valued at approximately $530,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tealwood Asset Management Inc. acquired a new position in Pure Cycle during the third quarter worth $1,267,000. Geode Capital Management LLC raised its holdings 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 purchasing an additional 49,272 shares during the period. Barclays PLC lifted its stake in Pure Cycle by 253.9% in the 3rd quarter. Barclays PLC now owns 27,385 shares of the utilities provider’s stock valued at $295,000 after purchasing an additional 19,646 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Pure Cycle by 20.1% during the second quarter. Bank of New York Mellon Corp now owns 94,311 shares of the utilities provider’s stock worth $901,000 after purchasing an additional 15,759 shares during the period. Finally, State Street Corp increased its position in Pure Cycle by 2.5% during the third quarter. State Street Corp now owns 412,332 shares of the utilities provider’s stock worth $4,441,000 after buying an additional 10,124 shares during the last quarter. Institutional investors own 51.39% of the company’s stock.

Pure Cycle Price Performance

NASDAQ:PCYO opened at $11.55 on Monday. The company has a market cap of $278.12 million, a P/E ratio of 21.00 and a beta of 1.03. The firm’s fifty day moving average price is $12.96 and its two-hundred day moving average price is $11.35. Pure Cycle Co. has a one year low of $8.94 and a one year high of $14.63. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.56 and a quick ratio of 3.66.

Pure Cycle (NASDAQ:PCYO) last released its quarterly earnings results on Wednesday, January 8th. The utilities provider reported $0.16 earnings per share for the quarter. Pure Cycle had a net margin of 46.32% and a return on equity of 10.54%.

Insider Buying and Selling

In other Pure Cycle news, Director Daniel R. Kozlowski sold 20,000 shares of Pure Cycle stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $13.10, for a total value of $262,000.00. Following the completion of the sale, the director now owns 2,668,778 shares in the company, valued at $34,960,991.80. The trade was a 0.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 17.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com cut Pure Cycle from a “buy” rating to a “hold” rating in a research report on Friday, January 10th.

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.