Ashton Thomas Private Wealth LLC Invests $780,000 in Pure Cycle Corporation $PCYO

Ashton Thomas Private Wealth LLC acquired a new stake in Pure Cycle Corporation (NASDAQ:PCYO) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 70,487 shares of the utilities provider’s stock, valued at approximately $780,000.

Several other hedge funds also recently bought and sold shares of PCYO. Lazard Asset Management LLC increased its holdings in Pure Cycle by 11,145.1% during the 2nd quarter. Lazard Asset Management LLC now owns 5,735 shares of the utilities provider’s stock worth $61,000 after acquiring an additional 5,684 shares during the period. Kelleher Financial Advisors purchased a new position in shares of Pure Cycle during the 2nd quarter valued at $107,000. NorthRock Partners LLC purchased a new position in shares of Pure Cycle during the 2nd quarter valued at $108,000. Horizon Kinetics Asset Management LLC bought a new position in shares of Pure Cycle in the second quarter worth $156,000. Finally, Jane Street Group LLC purchased a new stake in shares of Pure Cycle in the first quarter worth $201,000. Hedge funds and other institutional investors own 51.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Pure Cycle in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Insider Transactions at Pure Cycle

In other news, Director Daniel R. Kozlowski sold 68,778 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $11.01, for a total value of $757,245.78. Following the completion of the transaction, the director directly owned 2,600,000 shares in the company, valued at approximately $28,626,000. This represents a 2.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.10% of the stock is currently owned by company insiders.

Pure Cycle Price Performance

Shares of NASDAQ:PCYO opened at $11.15 on Friday. The company’s fifty day moving average price is $11.41 and its 200-day moving average price is $10.97. The firm has a market capitalization of $268.60 million, a price-to-earnings ratio of 19.91 and a beta of 1.34. Pure Cycle Corporation has a one year low of $9.65 and a one year high of $12.25. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.29 and a quick ratio of 1.75.

Pure Cycle (NASDAQ:PCYO) last posted its quarterly earnings data on Wednesday, January 7th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter. Pure Cycle had a net margin of 46.62% and a return on equity of 9.79%. The company had revenue of $9.14 million during the quarter.

Pure Cycle Company Profile

Pure Cycle Corporation (NASDAQ:PCYO) is a Colorado-based utility and real estate development company focused on water resource management and land development along the Front Range. The company’s core operations involve the acquisition, treatment and distribution of potable water, as well as the collection and treatment of wastewater, serving suburban and rural communities in the Denver metropolitan area. Pure Cycle holds substantial water rights and operates distribution and treatment facilities under a regulated utility model, providing essential services to residential and commercial customers.

In addition to its water utility business, Pure Cycle engages in real estate development, leveraging its water assets to create fully serviced residential communities.