Pico (NASDAQ:PICO) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Tuesday.

Separately, ValuEngine cut Pico from a “buy” rating to a “hold” rating in a report on Monday, October 2nd.

Shares of Pico (NASDAQ:PICO) traded up $0.20 on Tuesday, hitting $12.65. The stock had a trading volume of 106,200 shares, compared to its average volume of 101,695. Pico has a twelve month low of $12.30 and a twelve month high of $20.20.

A number of large investors have recently added to or reduced their stakes in PICO. Dimensional Fund Advisors LP raised its holdings in Pico by 8.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,295,327 shares of the financial services provider’s stock valued at $22,668,000 after buying an additional 106,272 shares during the period. KBC Group NV raised its holdings in Pico by 1,637.1% during the 3rd quarter. KBC Group NV now owns 69,206 shares of the financial services provider’s stock valued at $1,156,000 after buying an additional 65,222 shares during the period. Vanguard Group Inc. raised its holdings in Pico by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 938,775 shares of the financial services provider’s stock valued at $13,143,000 after buying an additional 49,743 shares during the period. State Street Corp raised its holdings in Pico by 8.3% during the 2nd quarter. State Street Corp now owns 450,994 shares of the financial services provider’s stock valued at $7,896,000 after buying an additional 34,399 shares during the period. Finally, Royce & Associates LP raised its holdings in Pico by 2.4% during the 3rd quarter. Royce & Associates LP now owns 1,442,689 shares of the financial services provider’s stock valued at $24,093,000 after buying an additional 33,200 shares during the period. Institutional investors own 70.18% of the company’s stock.

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About Pico

PICO Holdings, Inc (PICO) is a holding company. The Company’s segments include Water Resource and Water Storage Operations; Real Estate Operations, and Corporate. Its subsidiary, Vidler Water Company, Inc (Vidler), owns water resources and water storage operations in the southwestern United States, with assets and operations in Nevada, Arizona, Colorado and New Mexico.

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