Barclays PLC Raises Stock Position in Pure Cycle Co. (NASDAQ:PCYO)

Barclays PLC raised its position in shares of Pure Cycle Co. (NASDAQ:PCYO) by 253.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,385 shares of the utilities provider’s stock after purchasing an additional 19,646 shares during the quarter. Barclays PLC’s holdings in Pure Cycle were worth $295,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its holdings in Pure Cycle by 10.7% during the third quarter. Geode Capital Management LLC now owns 510,549 shares of the utilities provider’s stock valued at $5,500,000 after purchasing an additional 49,272 shares during the period. State Street Corp grew its holdings in Pure Cycle by 2.5% during the 3rd quarter. State Street Corp now owns 412,332 shares of the utilities provider’s stock valued at $4,441,000 after buying an additional 10,124 shares in the last quarter. Tealwood Asset Management Inc. bought a new stake in Pure Cycle in the 3rd quarter valued at $1,267,000. Charles Schwab Investment Management Inc. increased its holdings 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 worth $631,000 after purchasing an additional 3,050 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Pure Cycle by 24.0% during the 2nd quarter. Rhumbline Advisers now owns 33,088 shares of the utilities provider’s stock worth $316,000 after acquiring an additional 6,398 shares in the last quarter. 51.39% of the stock is currently owned by institutional investors.

Pure Cycle Stock Performance

Shares of NASDAQ:PCYO opened at $11.55 on Tuesday. Pure Cycle Co. has a 12 month low of $8.94 and a 12 month high of $14.63. The firm’s 50-day moving average is $12.96 and its 200 day moving average is $11.35. The company has a market capitalization of $278.12 million, a price-to-earnings ratio of 21.00 and a beta of 1.03. The company has a current ratio of 3.56, a quick ratio of 3.66 and a debt-to-equity ratio of 0.05.

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%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Pure Cycle

In other news, Director Daniel R. Kozlowski sold 20,000 shares of the business’s stock in a transaction dated 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 approximately $34,960,991.80. The trade was a 0.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 17.20% of the stock is currently owned by corporate insiders.

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.