Pico (PICO) Upgraded by BidaskClub to Hold

Pico (NASDAQ:PICO) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Separately, TheStreet cut shares of Pico from a “c” rating to a “d” rating in a research report on Friday, December 22nd.

Shares of Pico (NASDAQ:PICO) traded down $0.25 during mid-day trading on Friday, reaching $12.90. 117,649 shares of the company’s stock were exchanged, compared to its average volume of 87,009. The firm has a market capitalization of $292.92, a PE ratio of -184.29 and a beta of 1.22. Pico has a 1 year low of $12.20 and a 1 year high of $20.20.

Pico (NASDAQ:PICO) last announced its quarterly earnings results on Tuesday, November 7th. The financial services provider reported ($0.06) earnings per share for the quarter. The business had revenue of $0.21 million for the quarter. Pico had a negative net margin of 4.85% and a negative return on equity of 0.37%.

A number of hedge funds have recently made changes to their positions in PICO. Dimensional Fund Advisors LP lifted its position in Pico by 8.9% during the second 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 in the last quarter. KBC Group NV lifted its position in shares of Pico by 1,637.1% during the third quarter. KBC Group NV now owns 69,206 shares of the financial services provider’s stock worth $1,156,000 after purchasing an additional 65,222 shares in the last quarter. State Street Corp lifted its position in shares of Pico by 8.3% during the second quarter. State Street Corp now owns 450,994 shares of the financial services provider’s stock worth $7,896,000 after purchasing an additional 34,399 shares in the last quarter. Royce & Associates LP lifted its position in shares of Pico by 2.4% during the third quarter. Royce & Associates LP now owns 1,442,689 shares of the financial services provider’s stock worth $24,093,000 after purchasing an additional 33,200 shares in the last quarter. Finally, Citigroup Inc. lifted its position in shares of Pico by 1,174.8% during the second quarter. Citigroup Inc. now owns 22,372 shares of the financial services provider’s stock worth $391,000 after purchasing an additional 20,617 shares in the last quarter. 70.27% of the stock is currently owned by hedge funds and other institutional investors.

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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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