Pure Cycle Corporation $PCYO Shares Bought by Boston Partners

Boston Partners raised its holdings in shares of Pure Cycle Corporation (NASDAQ:PCYO) by 49.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 187,565 shares of the utilities provider’s stock after purchasing an additional 61,784 shares during the period. Boston Partners’ holdings in Pure Cycle were worth $2,011,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kelleher Financial Advisors acquired a new stake in shares of Pure Cycle in the 2nd quarter worth $107,000. NorthRock Partners LLC acquired a new position in Pure Cycle during the 2nd quarter valued at about $108,000. Beacon Investment Advisory Services Inc. raised its stake in Pure Cycle by 7.6% in the second quarter. Beacon Investment Advisory Services Inc. now owns 14,166 shares of the utilities provider’s stock valued at $152,000 after buying an additional 1,000 shares during the last quarter. Horizon Kinetics Asset Management LLC acquired a new stake in Pure Cycle in the second quarter worth about $156,000. Finally, Jane Street Group LLC purchased a new stake in shares of Pure Cycle during the first quarter worth about $201,000. Hedge funds and other institutional investors own 51.39% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on PCYO. Weiss Ratings restated a “hold (c+)” rating on shares of Pure Cycle in a report on Tuesday. Wall Street Zen upgraded shares of Pure Cycle from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Insider Transactions at Pure Cycle

In other Pure Cycle news, Director Daniel R. Kozlowski sold 68,778 shares of Pure Cycle stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $11.01, for a total transaction of $757,245.78. Following the completion of the sale, the director directly owned 2,600,000 shares in the company, valued at approximately $28,626,000. The trade was a 2.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 17.20% of the company’s stock.

Pure Cycle Trading Down 0.2%

Shares of NASDAQ:PCYO opened at $11.38 on Friday. The company has a quick ratio of 2.40, a current ratio of 3.52 and a debt-to-equity ratio of 0.05. Pure Cycle Corporation has a 52-week low of $9.65 and a 52-week high of $14.63. The stock has a market cap of $273.92 million, a price-to-earnings ratio of 20.68 and a beta of 1.34. The business has a 50-day moving average price of $11.05 and a 200-day moving average price of $10.64.

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.