StockNews.com Downgrades Pure Cycle (NASDAQ:PCYO) to Sell

Pure Cycle (NASDAQ:PCYO) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

Pure Cycle Stock Performance

Shares of PCYO stock opened at $9.66 on Friday. The company has a quick ratio of 3.07, a current ratio of 4.10 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average of $9.71 and a two-hundred day moving average of $9.89. Pure Cycle has a 52 week low of $9.10 and a 52 week high of $13.07. The company has a market cap of $232.71 million, a P/E ratio of 35.78 and a beta of 0.97.

Pure Cycle (NASDAQ:PCYO) last announced its earnings results on Friday, January 12th. The utilities provider reported $0.09 EPS for the quarter. Pure Cycle had a return on equity of 5.49% and a net margin of 34.68%. The firm had revenue of $5.39 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Sapient Capital LLC bought a new stake in Pure Cycle in the fourth quarter worth $8,366,000. Magnolia Group LLC grew its stake in shares of Pure Cycle by 28.2% during the fourth quarter. Magnolia Group LLC now owns 1,765,703 shares of the utilities provider’s stock valued at $18,487,000 after purchasing an additional 388,339 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Pure Cycle during the fourth quarter valued at approximately $3,203,000. BlackRock Inc. grew its holdings in Pure Cycle by 24.0% during the 2nd quarter. BlackRock Inc. now owns 1,287,587 shares of the utilities provider’s stock worth $14,163,000 after acquiring an additional 249,089 shares during the period. Finally, Morgan Stanley boosted its position in shares of Pure Cycle by 100.0% during the fourth quarter. Morgan Stanley now owns 218,992 shares of the utilities provider’s stock worth $2,295,000 after purchasing an additional 109,481 shares in the last quarter. Institutional investors own 51.39% of the company’s stock.

About Pure Cycle

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.