Linden Thomas Advisory Services LLC Buys New Shares in Pure Cycle Co. (NASDAQ:PCYO)

Linden Thomas Advisory Services LLC purchased a new position in shares of Pure Cycle Co. (NASDAQ:PCYO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,703 shares of the utilities provider’s stock, valued at approximately $148,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of Pure Cycle during the 4th quarter valued at about $110,000. The Manufacturers Life Insurance Company raised its stake in shares of Pure Cycle by 16.7% during the second quarter. The Manufacturers Life Insurance Company now owns 11,701 shares of the utilities provider’s stock worth $112,000 after acquiring an additional 1,671 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Pure Cycle by 58.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,359 shares of the utilities provider’s stock worth $155,000 after acquiring an additional 5,305 shares during the last quarter. Barclays PLC boosted its stake in shares of Pure Cycle by 253.9% in the 3rd quarter. Barclays PLC now owns 27,385 shares of the utilities provider’s stock valued at $295,000 after purchasing an additional 19,646 shares in the last quarter. Finally, Avanza Fonder AB purchased a new position in Pure Cycle in the 4th quarter worth $530,000. 51.39% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Daniel R. Kozlowski sold 20,000 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $13.10, for a total transaction of $262,000.00. Following the completion of the sale, the director now directly owns 2,668,778 shares in the company, valued at approximately $34,960,991.80. This represents a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 17.20% of the company’s stock.

Pure Cycle Price Performance

PCYO opened at $11.28 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.56 and a quick ratio of 3.09. The stock’s 50 day simple moving average is $12.87 and its 200 day simple moving average is $11.42. The firm has a market cap of $271.62 million, a price-to-earnings ratio of 20.51 and a beta of 1.03. Pure Cycle Co. has a 1 year low of $8.94 and a 1 year high of $14.63.

Pure Cycle (NASDAQ:PCYO) last issued its earnings results on Wednesday, January 8th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter. Pure Cycle had a net margin of 46.32% and a return on equity of 10.54%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Pure Cycle from a “buy” rating to a “hold” rating in a research report on Friday, January 10th.

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.