Boston Partners Acquires 61,784 Shares of Pure Cycle Corporation $PCYO

Boston Partners raised its holdings in shares of Pure Cycle Corporation (NASDAQ:PCYO) by 49.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 187,565 shares of the utilities provider’s stock after purchasing an additional 61,784 shares during the quarter. Boston Partners owned 0.78% of Pure Cycle worth $2,011,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in PCYO. Goldman Sachs Group Inc. increased its stake in Pure Cycle by 39.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 131,836 shares of the utilities provider’s stock worth $1,380,000 after buying an additional 37,018 shares during the period. Nuveen LLC purchased a new position in shares of Pure Cycle during the first quarter worth approximately $885,000. First Manhattan CO. LLC. raised its stake in shares of Pure Cycle by 2.7% during the first quarter. First Manhattan CO. LLC. now owns 60,225 shares of the utilities provider’s stock valued at $631,000 after acquiring an additional 1,600 shares in the last quarter. Strs Ohio purchased a new stake in shares of Pure Cycle in the first quarter valued at approximately $451,000. Finally, Rhumbline Advisers grew its stake in Pure Cycle by 20.4% in the second quarter. Rhumbline Advisers now owns 40,489 shares of the utilities provider’s stock worth $434,000 after purchasing an additional 6,856 shares in the last quarter. 51.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PCYO has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Pure Cycle in a research report on Tuesday. Wall Street Zen upgraded Pure Cycle from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Insiders Place Their Bets

In related news, Director Daniel R. Kozlowski sold 68,778 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $11.01, for a total transaction of $757,245.78. Following the sale, the director owned 2,600,000 shares of the company’s stock, valued at $28,626,000. This trade represents a 2.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 17.20% of the stock is currently owned by insiders.

Pure Cycle Stock Down 0.2%

Shares of NASDAQ PCYO opened at $11.38 on Friday. The company has a current ratio of 3.52, a quick ratio of 2.40 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $273.92 million, a PE ratio of 20.68 and a beta of 1.34. The stock’s fifty day simple moving average is $11.05 and its two-hundred day simple moving average is $10.64. Pure Cycle Corporation has a 12-month low of $9.65 and a 12-month high of $14.63.

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.