Pure Cycle (NASDAQ:PCYO) Upgraded at StockNews.com

StockNews.com upgraded shares of Pure Cycle (NASDAQ:PCYO) from a sell rating to a buy rating in a report published on Monday.

Pure Cycle Stock Performance

Shares of NASDAQ PCYO opened at $13.10 on Monday. The company has a quick ratio of 3.66, a current ratio of 4.05 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $11.04 and its two-hundred day moving average is $10.24. The company has a market cap of $315.32 million, a P/E ratio of 27.63 and a beta of 0.92. Pure Cycle has a 12 month low of $8.94 and a 12 month high of $13.48.

Institutional Investors Weigh In On Pure Cycle

Several large investors have recently modified their holdings of PCYO. Lazard Asset Management LLC acquired a new stake in shares of Pure Cycle in the first quarter valued at approximately $30,000. EntryPoint Capital LLC bought a new position in shares of Pure Cycle in the 1st quarter valued at $103,000. The Manufacturers Life Insurance Company increased its stake in shares of Pure Cycle by 16.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,701 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 1,671 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new position in shares of Pure Cycle in the 1st quarter valued at $173,000. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of Pure Cycle by 7.0% during the 2nd quarter. Los Angeles Capital Management LLC now owns 28,830 shares of the utilities provider’s stock valued at $275,000 after acquiring an additional 1,890 shares in the last quarter. 51.39% of the stock is currently owned by institutional investors.

Pure Cycle Company Profile

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.