70,487 Shares in Pure Cycle Corporation $PCYO Acquired by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC bought a new stake in Pure Cycle Corporation (NASDAQ:PCYO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 70,487 shares of the utilities provider’s stock, valued at approximately $780,000. Ashton Thomas Private Wealth LLC owned approximately 0.29% of Pure Cycle at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PCYO. Lazard Asset Management LLC lifted its stake in shares of Pure Cycle by 11,145.1% in the 2nd quarter. Lazard Asset Management LLC now owns 5,735 shares of the utilities provider’s stock valued at $61,000 after acquiring an additional 5,684 shares during the last quarter. Rhumbline Advisers increased its holdings in Pure Cycle by 20.4% in the 2nd 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. NorthRock Partners LLC bought a new position in Pure Cycle in the second quarter valued at about $108,000. Kelleher Financial Advisors bought a new position in Pure Cycle in the second quarter valued at about $107,000. Finally, Kennedy Capital Management LLC boosted its stake in shares of Pure Cycle by 2.4% during the second quarter. Kennedy Capital Management LLC now owns 524,763 shares of the utilities provider’s stock valued at $5,625,000 after purchasing an additional 12,406 shares in the last quarter. Institutional investors own 51.39% of the company’s stock.

Pure Cycle Trading Up 0.5%

NASDAQ PCYO opened at $11.15 on Friday. The firm has a market capitalization of $268.60 million, a PE ratio of 19.91 and a beta of 1.34. The company has a current ratio of 2.29, a quick ratio of 1.75 and a debt-to-equity ratio of 0.05. The business’s 50-day moving average price is $11.41 and its two-hundred day moving average price is $10.97. Pure Cycle Corporation has a 12 month low of $9.65 and a 12 month high of $12.25.

Pure Cycle (NASDAQ:PCYO) last released its quarterly earnings data on Wednesday, January 7th. The utilities provider reported $0.19 earnings per share for the quarter. Pure Cycle had a net margin of 46.62% and a return on equity of 9.79%. The business had revenue of $9.14 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Pure Cycle in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Insider Buying and Selling at Pure Cycle

In other news, Director Daniel R. Kozlowski sold 68,778 shares of Pure Cycle stock in a transaction on Monday, November 17th. The stock was sold at an average price of $11.01, for a total value of $757,245.78. Following the completion of the transaction, the director directly owned 2,600,000 shares in the company, valued at approximately $28,626,000. The trade was a 2.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.10% of the company’s stock.

Pure Cycle Company Profile

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.