Pure Cycle (NASDAQ:PCYO) Shares Cross Above 200-Day Moving Average – Here’s Why

Pure Cycle Co. (NASDAQ:PCYO) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.99 and traded as high as $12.98. Pure Cycle shares last traded at $12.96, with a volume of 30,362 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Pure Cycle from a “sell” rating to a “buy” rating in a report on Monday, November 18th.

Pure Cycle Price Performance

The company has a current ratio of 4.05, a quick ratio of 3.66 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $312.01 million, a P/E ratio of 27.00 and a beta of 1.00. The business has a fifty day simple moving average of $12.59 and a 200 day simple moving average of $10.99.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Pure Cycle

Several large investors have recently added to or reduced their stakes in PCYO. The Manufacturers Life Insurance Company raised its position in shares of Pure Cycle by 16.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,701 shares of the utilities provider’s stock valued at $112,000 after buying an additional 1,671 shares in the last quarter. JPMorgan Chase & Co. boosted its stake 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 valued at $155,000 after purchasing an additional 5,305 shares in the last quarter. Los Angeles Capital Management LLC raised its position in Pure Cycle by 7.0% in the 2nd quarter. Los Angeles Capital Management LLC now owns 28,830 shares of the utilities provider’s stock worth $275,000 after purchasing an additional 1,890 shares during the period. Barclays PLC lifted its stake in Pure Cycle by 253.9% in the third quarter. Barclays PLC now owns 27,385 shares of the utilities provider’s stock worth $295,000 after purchasing an additional 19,646 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Pure Cycle by 24.0% during the second quarter. Rhumbline Advisers now owns 33,088 shares of the utilities provider’s stock valued at $316,000 after buying an additional 6,398 shares during the last quarter. Institutional investors own 51.39% of the company’s stock.

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.