Pure Cycle Co. (NASDAQ:PCYO) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC reduced its position in shares of Pure Cycle Co. (NASDAQ:PCYO) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 544,475 shares of the utilities provider’s stock after selling 7,840 shares during the period. Kennedy Capital Management LLC owned 2.26% of Pure Cycle worth $5,173,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sapient Capital LLC acquired a new stake in Pure Cycle during the fourth quarter worth about $8,366,000. Magnolia Group LLC boosted its stake in Pure Cycle by 28.2% during the fourth quarter. Magnolia Group LLC now owns 1,765,703 shares of the utilities provider’s stock worth $18,487,000 after buying an additional 388,339 shares during the period. EntryPoint Capital LLC purchased a new position in Pure Cycle during the first quarter worth about $103,000. Tower Research Capital LLC TRC boosted its stake in Pure Cycle by 142.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,990 shares of the utilities provider’s stock worth $31,000 after buying an additional 1,759 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in Pure Cycle by 19.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 36,590 shares of the utilities provider’s stock worth $348,000 after buying an additional 5,994 shares during the period. 51.39% of the stock is currently owned by institutional investors and hedge funds.

Pure Cycle Trading Up 1.0 %

PCYO stock traded up $0.11 during mid-day trading on Tuesday, hitting $10.92. 30,615 shares of the company were exchanged, compared to its average volume of 58,271. The company has a quick ratio of 3.56, a current ratio of 4.10 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $262.95 million, a P/E ratio of 43.24 and a beta of 0.92. The business has a fifty day simple moving average of $9.61 and a 200-day simple moving average of $9.71. Pure Cycle Co. has a 12-month low of $8.94 and a 12-month high of $12.58.

Pure Cycle (NASDAQ:PCYO) last announced its earnings results on Wednesday, July 10th. The utilities provider reported $0.12 earnings per share for the quarter. Pure Cycle had a net margin of 31.00% and a return on equity of 5.07%. The company had revenue of $7.60 million during the quarter.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Pure Cycle from a “hold” rating to a “sell” rating in a research note on Friday, April 12th.

Pure Cycle Company Profile

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.