Pure Cycle (NASDAQ:PCYO) Lowered to “Sell” at StockNews.com

StockNews.com cut shares of Pure Cycle (NASDAQ:PCYO – Get Rating) from a hold rating to a sell rating in a research note published on Monday.

Pure Cycle Stock Down 0.8 %

Shares of Pure Cycle stock opened at $9.00 on Monday. The company has a market cap of $215.91 million, a P/E ratio of 26.47 and a beta of 0.88. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.51 and a current ratio of 3.51. Pure Cycle has a one year low of $7.77 and a one year high of $12.41. The firm has a fifty day moving average of $9.38 and a two-hundred day moving average of $9.45.

Pure Cycle (NASDAQ:PCYO – Get Rating) last announced its quarterly earnings results on Monday, January 9th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $1.34 million during the quarter. Pure Cycle had a net margin of 41.17% and a return on equity of 7.51%.

Hedge Funds Weigh In On Pure Cycle

Large investors have recently made changes to their positions in the stock. Ellevest Inc. increased its holdings in shares of Pure Cycle by 653.2% in the 3rd quarter. Ellevest Inc. now owns 3,171 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 2,750 shares in the last quarter. Fiduciary Alliance LLC purchased a new position in Pure Cycle during the 4th quarter valued at about $34,000. SRS Capital Advisors Inc. purchased a new position in Pure Cycle during the 4th quarter valued at about $35,000. Advisor Group Holdings Inc. increased its holdings in Pure Cycle by 4,685.7% during the 4th quarter. Advisor Group Holdings Inc. now owns 3,350 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 3,280 shares in the last quarter. Finally, FMR LLC increased its holdings in Pure Cycle by 218.4% during the 2nd quarter. FMR LLC now owns 3,697 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 2,536 shares in the last quarter. Hedge funds and other institutional investors own 56.45% of the company’s stock.

About Pure Cycle

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Pure Cycle Corp. engages in the development of diversified land and water resource. It operates through the Water and Wastewater Resource Development and Land Resource Development segments. The Water and Wastewater Resource Development segment offers water and wastewater services to customers for fees.