Pure Cycle Co. (NASDAQ:PCYO) Shares Sold by Wealth Effects LLC

by · The Cerbat Gem

Wealth Effects LLC lessened its stake in Pure Cycle Co. (NASDAQ:PCYO – Free Report) by 2.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,850 shares of the utilities provider’s stock after selling 1,100 shares during the period. Wealth Effects LLC owned 0.17% of Pure Cycle worth $429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC acquired a new stake in shares of Pure Cycle in the 1st quarter valued at about $30,000. EntryPoint Capital LLC purchased a new stake in Pure Cycle in the first quarter valued at approximately $103,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Pure Cycle by 16.7% in the second quarter. The Manufacturers Life Insurance Company now owns 11,701 shares of the utilities provider’s stock valued at $112,000 after acquiring an additional 1,671 shares during the period. State Board of Administration of Florida Retirement System purchased a new position in shares of Pure Cycle during the first quarter worth approximately $173,000. Finally, Los Angeles Capital Management LLC grew its position in shares of Pure Cycle by 7.0% during the second quarter. Los Angeles Capital Management LLC now owns 28,830 shares of the utilities provider’s stock worth $275,000 after acquiring an additional 1,890 shares during the last quarter. Hedge funds and other institutional investors own 51.39% of the company’s stock.

Pure Cycle Stock Performance

PCYO stock traded down $0.11 on Monday, hitting $10.82. The company’s stock had a trading volume of 2,493 shares, compared to its average volume of 52,169. The stock has a market cap of $260.49 million, a price-to-earnings ratio of 43.72 and a beta of 0.92. The firm has a 50 day moving average of $10.42 and a two-hundred day moving average of $9.93. The company has a current ratio of 4.10, a quick ratio of 3.56 and a debt-to-equity ratio of 0.06. Pure Cycle Co. has a 1 year low of $8.94 and a 1 year high of $11.32.

Pure Cycle Profile

(Free Report)

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.

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