Stifel Financial Corp Has $491,000 Position in Pure Cycle Co. (NASDAQ:PCYO)

Stifel Financial Corp lessened its position in Pure Cycle Co. (NASDAQ:PCYO) by 27.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,604 shares of the utilities provider’s stock after selling 17,300 shares during the quarter. Stifel Financial Corp’s holdings in Pure Cycle were worth $491,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of PCYO. The Manufacturers Life Insurance Company grew its stake 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 worth $112,000 after acquiring an additional 1,671 shares in the last quarter. Los Angeles Capital Management LLC grew its position in Pure Cycle by 7.0% in the second quarter. Los Angeles Capital Management LLC now owns 28,830 shares of the utilities provider’s stock valued at $275,000 after purchasing an additional 1,890 shares in the last quarter. Rhumbline Advisers increased its stake in Pure Cycle by 24.0% in the 2nd 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. Diamond Hill Capital Management Inc. lifted its position in Pure Cycle by 14.1% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 52,000 shares of the utilities provider’s stock worth $497,000 after buying an additional 6,417 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Pure Cycle by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 58,612 shares of the utilities provider’s stock worth $631,000 after buying an additional 3,050 shares during the last quarter. Institutional investors own 51.39% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at Pure Cycle

In other Pure Cycle news, Director Daniel R. Kozlowski sold 20,000 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $13.10, for a total value of $262,000.00. Following the completion of the sale, the director now owns 2,668,778 shares in the company, valued at $34,960,991.80. This trade represents a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 17.20% of the stock is owned by company insiders.

Pure Cycle Stock Up 0.7 %

NASDAQ:PCYO opened at $12.96 on Friday. Pure Cycle Co. has a twelve month low of $8.94 and a twelve month high of $14.63. The firm has a market capitalization of $312.01 million, a price-to-earnings ratio of 27.00 and a beta of 1.00. 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 stock’s 50 day moving average price is $12.63 and its two-hundred day moving average price is $11.00.

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.