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

Wealth Effects LLC trimmed its position in shares of Pure Cycle Co. (NASDAQ:PCYO) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,850 shares of the utilities provider’s stock after selling 1,100 shares during the quarter. Wealth Effects LLC’s holdings in Pure Cycle were worth $429,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new position in shares of Pure Cycle during the 1st quarter worth approximately $30,000. EntryPoint Capital LLC purchased a new position in Pure Cycle in the first quarter worth $103,000. The Manufacturers Life Insurance Company lifted its holdings in 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 stake in shares of Pure Cycle during the 1st quarter worth $173,000. Finally, Los Angeles Capital Management LLC grew its stake in shares of Pure Cycle by 7.0% during the 2nd quarter. Los Angeles Capital Management LLC now owns 28,830 shares of the utilities provider’s stock worth $275,000 after purchasing an additional 1,890 shares during the period. 51.39% of the stock is owned by hedge funds and other institutional investors.

Pure Cycle Price Performance

Shares of NASDAQ PCYO traded down $0.11 during midday trading on Monday, hitting $10.82. The company had a trading volume of 2,493 shares, compared to its average volume of 52,169. 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 business has a 50-day simple moving average of $10.42 and a two-hundred day simple moving average of $9.93. Pure Cycle Co. has a twelve month low of $8.94 and a twelve month high of $11.32. The firm has a market capitalization of $260.49 million, a price-to-earnings ratio of 43.72 and a beta of 0.92.

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.