Pure Cycle Corporation (NASDAQ:PCYO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “PureCycle Corporation is an investor-owned water company providing water and wastewater services including water production, storage, treatment, distribution, wastewater collection and treatment, irrigation water treatment and distribution, construction management, billing and collection and emergency response to its customers located in the greater Denver metropolitan area. “

Other analysts also recently issued research reports about the stock. Feltl & Co. restated a “buy” rating on shares of Pure Cycle Corporation in a research report on Wednesday, April 12th. TheStreet upgraded shares of Pure Cycle Corporation from a “d+” rating to a “c” rating in a research report on Thursday, April 13th.

Pure Cycle Corporation (PCYO) opened at 8.25 on Wednesday. Pure Cycle Corporation has a 12-month low of $4.34 and a 12-month high of $8.73. The firm has a 50 day moving average of $7.68 and a 200-day moving average of $5.94. The stock’s market cap is $195.97 million.

Pure Cycle Corporation (NASDAQ:PCYO) last issued its quarterly earnings data on Monday, April 10th. The utilities provider reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $0.24 million during the quarter, compared to the consensus estimate of $0.31 million. Pure Cycle Corporation had a negative net margin of 230.56% and a negative return on equity of 2.17%. On average, analysts expect that Pure Cycle Corporation will post ($0.06) earnings per share for the current year.

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Hedge funds have recently modified their holdings of the company. Parametric Portfolio Associates LLC bought a new stake in shares of Pure Cycle Corporation during the first quarter valued at $156,000. Renaissance Technologies LLC increased its stake in Pure Cycle Corporation by 10.5% in the first quarter. Renaissance Technologies LLC now owns 62,100 shares of the utilities provider’s stock valued at $345,000 after buying an additional 5,900 shares during the period. Geode Capital Management LLC increased its stake in Pure Cycle Corporation by 0.3% in the first quarter. Geode Capital Management LLC now owns 97,771 shares of the utilities provider’s stock valued at $542,000 after buying an additional 252 shares during the period. Clear Harbor Asset Management LLC increased its stake in Pure Cycle Corporation by 1.0% in the first quarter. Clear Harbor Asset Management LLC now owns 102,561 shares of the utilities provider’s stock valued at $569,000 after buying an additional 1,000 shares during the period. Finally, Bard Associates Inc. increased its stake in Pure Cycle Corporation by 6.7% in the first quarter. Bard Associates Inc. now owns 108,400 shares of the utilities provider’s stock valued at $602,000 after buying an additional 6,800 shares during the period. Institutional investors and hedge funds own 66.90% of the company’s stock.

Pure Cycle Corporation Company Profile

Pure Cycle Corporation is an integrated water company that provides wholesale water and wastewater services. The Company provides its services to wholesale customers, which include industrial customers and local governmental entities that provide water and wastewater services to their end-use customers located in the Denver, Colorado metropolitan area.

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