ArrowMark Colorado Holdings LLC Acquires 84,420 Shares of Pure Cycle Corporation $PCYO

ArrowMark Colorado Holdings LLC grew its stake in Pure Cycle Corporation (NASDAQ:PCYO) by 14.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 672,927 shares of the utilities provider’s stock after purchasing an additional 84,420 shares during the period. ArrowMark Colorado Holdings LLC owned approximately 2.79% of Pure Cycle worth $7,449,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. grew its stake in Pure Cycle by 143.4% during the third quarter. Russell Investments Group Ltd. now owns 2,634 shares of the utilities provider’s stock worth $29,000 after buying an additional 1,552 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Pure Cycle by 64.0% during the third quarter. BNP Paribas Financial Markets now owns 3,878 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 1,513 shares during the last quarter. Lazard Asset Management LLC raised its holdings in Pure Cycle by 11,145.1% during the 2nd quarter. Lazard Asset Management LLC now owns 5,735 shares of the utilities provider’s stock worth $61,000 after purchasing an additional 5,684 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Pure Cycle by 16.1% in the third quarter. JPMorgan Chase & Co. now owns 10,984 shares of the utilities provider’s stock valued at $122,000 after buying an additional 1,521 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Pure Cycle by 97.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 12,167 shares of the utilities provider’s stock valued at $135,000 after purchasing an additional 5,998 shares during the period. Institutional investors and hedge funds own 51.39% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed 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 Up 1.9%

NASDAQ PCYO opened at $10.27 on Monday. The stock’s 50 day moving average price is $11.03 and its two-hundred day moving average price is $11.08. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.75 and a current ratio of 2.29. The stock has a market capitalization of $247.40 million, a price-to-earnings ratio of 18.34 and a beta of 1.35. Pure Cycle Corporation has a 52 week low of $9.65 and a 52 week high of $12.15.

Pure Cycle (NASDAQ:PCYO) last announced its earnings results on Wednesday, January 7th. The utilities provider reported $0.19 EPS 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.

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.