Pure Cycle Co. (NASDAQ:PCYO – Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.89 and traded as low as $9.56. Pure Cycle shares last traded at $9.64, with a volume of 40,958 shares changing hands.
Wall Street Analyst Weigh In
Separately, StockNews.com cut Pure Cycle from a “hold” rating to a “sell” rating in a research note on Friday, April 12th.
Check Out Our Latest Research Report on PCYO
Pure Cycle Trading Up 1.2 %
Institutional Investors Weigh In On Pure Cycle
Several institutional investors and hedge funds have recently bought and sold shares of PCYO. Skylands Capital LLC raised its holdings in shares of Pure Cycle by 6.2% during the third quarter. Skylands Capital LLC now owns 20,702 shares of the utilities provider’s stock valued at $199,000 after acquiring an additional 1,202 shares in the last quarter. Bank of New York Mellon Corp increased its position in Pure Cycle by 1.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 87,658 shares of the utilities provider’s stock valued at $842,000 after purchasing an additional 1,476 shares during the period. Tower Research Capital LLC TRC raised its holdings in Pure Cycle by 142.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,990 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 1,759 shares in the last quarter. Strs Ohio lifted its position in shares of Pure Cycle by 6.0% in the 3rd quarter. Strs Ohio now owns 51,500 shares of the utilities provider’s stock worth $494,000 after purchasing an additional 2,900 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Pure Cycle by 17.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 25,447 shares of the utilities provider’s stock valued at $244,000 after buying an additional 3,872 shares during the period. Hedge funds and other institutional investors own 51.39% of the company’s stock.
Pure Cycle Company Profile
Pure Cycle Corporation designs, constructs, operates, and maintains water and wastewater systems in the Denver metropolitan area and Colorado Front Range in the United States. It operates in two segments, Wholesale Water and Wastewater Services, and Land Development. The company engages in the wholesale water production, storage, treatment, and distribution systems; wastewater collection and treatment systems; development of 930-acre master-planned community; oil and gas leasing business; and construction and leasing of single-family homes.
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