Avanza Fonder AB Buys Shares of 41,807 Pure Cycle Co. (NASDAQ:PCYO)

Avanza Fonder AB purchased a new position in shares of Pure Cycle Co. (NASDAQ:PCYO) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 41,807 shares of the utilities provider’s stock, valued at approximately $530,000. Avanza Fonder AB owned about 0.17% of Pure Cycle as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of PCYO. Bank of New York Mellon Corp raised its holdings in Pure Cycle by 20.1% during the second quarter. Bank of New York Mellon Corp now owns 94,311 shares of the utilities provider’s stock valued at $901,000 after buying an additional 15,759 shares in the last quarter. Rhumbline Advisers lifted its holdings in Pure Cycle by 24.0% in the 2nd quarter. Rhumbline Advisers now owns 33,088 shares of the utilities provider’s stock worth $316,000 after purchasing an additional 6,398 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in 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 worth $112,000 after purchasing an additional 1,671 shares during the last quarter. Tealwood Asset Management Inc. acquired a new position in Pure Cycle during the third quarter valued at approximately $1,267,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Pure Cycle by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 58,612 shares of the utilities provider’s stock valued at $631,000 after purchasing an additional 3,050 shares during the period. Institutional investors own 51.39% of the company’s stock.

Insiders Place Their Bets

In related news, Director Daniel R. Kozlowski sold 20,000 shares of Pure Cycle 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 of the company’s stock, valued at $34,960,991.80. This trade represents a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 17.20% of the company’s stock.

Wall Street Analyst Weigh In

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

Pure Cycle Trading Down 0.3 %

Shares of NASDAQ:PCYO opened at $11.55 on Monday. Pure Cycle Co. has a 52-week low of $8.94 and a 52-week high of $14.63. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.66 and a current ratio of 3.56. The company has a market cap of $278.12 million, a P/E ratio of 21.00 and a beta of 1.03. The stock’s 50-day moving average is $12.96 and its 200-day moving average is $11.35.

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

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.