Clear Harbor Asset Management LLC Sells 22,160 Shares of Pure Cycle Co. (NASDAQ:PCYO)

Clear Harbor Asset Management LLC trimmed its holdings in shares of Pure Cycle Co. (NASDAQ:PCYO) by 38.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,786 shares of the utilities provider’s stock after selling 22,160 shares during the quarter. Clear Harbor Asset Management LLC owned approximately 0.15% of Pure Cycle worth $342,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PCYO. Sapient Capital LLC purchased a new position in Pure Cycle in the 4th quarter worth $8,366,000. Magnolia Group LLC raised its position in Pure Cycle by 28.2% during the 4th 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 last quarter. Vanguard Group Inc. lifted its stake in Pure Cycle by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 1,058,312 shares of the utilities provider’s stock valued at $10,054,000 after acquiring an additional 22,748 shares during the period. State Board of Administration of Florida Retirement System purchased a new stake in shares of Pure Cycle in the 1st quarter valued at $173,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Pure Cycle in the first quarter worth $103,000. Institutional investors own 51.39% of the company’s stock.

Pure Cycle Stock Performance

Shares of PCYO stock traded up $0.15 on Friday, hitting $10.00. The company had a trading volume of 18,274 shares, compared to its average volume of 57,766. The company has a 50-day moving average price of $9.82 and a 200-day moving average price of $9.70. 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 cap of $240.80 million, a P/E ratio of 39.92 and a beta of 0.92. Pure Cycle Co. has a twelve month low of $8.94 and a twelve month high of $12.09.

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

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.