Strs Ohio Decreases Stock Holdings in Pure Cycle Co. (NASDAQ:PCYO)

Strs Ohio trimmed its position in Pure Cycle Co. (NASDAQ:PCYO) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,900 shares of the utilities provider’s stock after selling 1,600 shares during the quarter. Strs Ohio owned 0.21% of Pure Cycle worth $522,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in PCYO. Bank of New York Mellon Corp increased its stake in shares of Pure Cycle by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 87,658 shares of the utilities provider’s stock worth $842,000 after buying an additional 1,476 shares during the period. Skylands Capital LLC increased its stake in shares of Pure Cycle by 6.2% in the third quarter. Skylands Capital LLC now owns 20,702 shares of the utilities provider’s stock worth $199,000 after buying an additional 1,202 shares during the period. Panagora Asset Management Inc. purchased a new position in shares of Pure Cycle in the third quarter worth $215,000. Los Angeles Capital Management LLC increased its stake in shares of Pure Cycle by 20.6% in the third quarter. Los Angeles Capital Management LLC now owns 26,940 shares of the utilities provider’s stock worth $259,000 after buying an additional 4,610 shares during the period. Finally, Jackson Hole Capital Partners LLC purchased a new position in shares of Pure Cycle in the third quarter worth $132,000. 51.39% of the stock is owned by hedge funds and other institutional investors.

Pure Cycle Stock Up 0.1 %

Shares of Pure Cycle stock opened at $9.50 on Friday. The company has a current ratio of 4.10, a quick ratio of 3.56 and a debt-to-equity ratio of 0.06. The company’s fifty day simple moving average is $9.63 and its two-hundred day simple moving average is $9.88. The company has a market cap of $228.86 million, a P/E ratio of 35.19 and a beta of 0.97. Pure Cycle Co. has a 12-month low of $9.10 and a 12-month high of $13.07.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Pure Cycle from a “hold” rating to a “sell” rating in a research note on Friday, April 12th.

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.