Van Den Berg Management I Inc. decreased its position in Pico Holdings Inc (NASDAQ:PICO) by 14.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 470,221 shares of the financial services provider’s stock after selling 81,393 shares during the period. Van Den Berg Management I Inc. owned about 2.03% of Pico worth $6,019,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Stone Ridge Asset Management LLC acquired a new stake in shares of Pico in the fourth quarter valued at about $359,000. Deutsche Bank AG boosted its position in Pico by 45.8% during the fourth quarter. Deutsche Bank AG now owns 223,347 shares of the financial services provider’s stock worth $2,857,000 after acquiring an additional 70,154 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in Pico during the fourth quarter worth about $27,714,000. Kestrel Investment Management Corp acquired a new position in Pico during the fourth quarter worth about $2,013,000. Finally, KBC Group NV boosted its position in Pico by 147.1% during the fourth quarter. KBC Group NV now owns 171,017 shares of the financial services provider’s stock worth $2,189,000 after acquiring an additional 101,811 shares during the last quarter. Institutional investors and hedge funds own 70.90% of the company’s stock.
PICO has been the topic of a number of recent research reports. BidaskClub lowered shares of Pico from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 26th. TheStreet lowered shares of Pico from a “c” rating to a “d” rating in a research report on Friday, December 22nd.
Pico Company Profile
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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