First Wilshire Securities Management Inc. Buys 209,993 Shares of Pure Cycle Corporation $PCYO

First Wilshire Securities Management Inc. boosted its stake in Pure Cycle Corporation (NASDAQ:PCYO) by 130.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 370,660 shares of the utilities provider’s stock after acquiring an additional 209,993 shares during the period. First Wilshire Securities Management Inc. owned 1.54% of Pure Cycle worth $4,074,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in PCYO. Russell Investments Group Ltd. raised its position in Pure Cycle by 143.4% in the third quarter. Russell Investments Group Ltd. now owns 2,634 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 1,552 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Pure Cycle by 64.0% in the third quarter. BNP Paribas Financial Markets now owns 3,878 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 1,513 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of Pure Cycle by 11,145.1% in the second quarter. Lazard Asset Management LLC now owns 5,735 shares of the utilities provider’s stock worth $61,000 after purchasing an additional 5,684 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Pure Cycle by 16.1% in the third quarter. JPMorgan Chase & Co. now owns 10,984 shares of the utilities provider’s stock worth $122,000 after purchasing an additional 1,521 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Pure Cycle by 97.2% in the third quarter. PNC Financial Services Group Inc. now owns 12,167 shares of the utilities provider’s stock worth $135,000 after purchasing an additional 5,998 shares in the last quarter. Institutional investors own 51.39% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Pure Cycle from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Pure Cycle Price Performance

PCYO opened at $10.56 on Friday. The company has a market capitalization of $254.50 million, a price-to-earnings ratio of 18.21 and a beta of 1.24. The company has a quick ratio of 0.83, a current ratio of 1.39 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $10.88 and a 200-day moving average price of $10.97. Pure Cycle Corporation has a twelve month low of $9.65 and a twelve month high of $12.44.

Pure Cycle (NASDAQ:PCYO) last posted its earnings results on Wednesday, April 8th. The utilities provider reported $0.05 earnings per share for the quarter. The firm had revenue of $5.17 million during the quarter. Pure Cycle had a net margin of 45.80% and a return on equity of 9.75%.

About Pure Cycle

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.