Pure Cycle (NASDAQ:PCYO) Shares Cross Above 200 Day Moving Average – Time to Sell?

Pure Cycle Corporation (NASDAQ:PCYO)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.95 and traded as high as $11.64. Pure Cycle shares last traded at $11.47, with a volume of 56,428 shares.

Analysts Set New Price Targets

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

Pure Cycle Trading Down 0.9%

The company’s fifty day moving average price is $11.43 and its two-hundred day moving average price is $10.95. The company has a quick ratio of 1.75, a current ratio of 2.29 and a debt-to-equity ratio of 0.05. The company has a market cap of $276.31 million, a price-to-earnings ratio of 20.48 and a beta of 1.34.

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

Insider Buying and Selling at Pure Cycle

In related news, Director Daniel R. Kozlowski sold 68,778 shares of Pure Cycle stock in a transaction dated 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 of the company’s stock, valued at $28,626,000. The trade was a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 6.10% of the company’s stock.

Institutional Investors Weigh In On Pure Cycle

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its position in shares of Pure Cycle by 39.0% during the first quarter. Goldman Sachs Group Inc. now owns 131,836 shares of the utilities provider’s stock worth $1,380,000 after purchasing an additional 37,018 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Pure Cycle in the first quarter valued at approximately $201,000. Leo Wealth LLC bought a new position in Pure Cycle in the 2nd quarter worth approximately $239,000. NorthRock Partners LLC acquired a new position in Pure Cycle during the 2nd quarter worth $108,000. Finally, Los Angeles Capital Management LLC lifted its holdings in Pure Cycle by 79.0% during the 2nd quarter. Los Angeles Capital Management LLC now owns 32,950 shares of the utilities provider’s stock worth $353,000 after buying an additional 14,540 shares in the last quarter. Institutional investors and hedge funds own 51.39% of the company’s stock.

About Pure Cycle

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.