Pure Cycle Co. (NASDAQ:PCYO) Shares Sold by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC lowered its position in shares of Pure Cycle Co. (NASDAQ:PCYO) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,886 shares of the utilities provider’s stock after selling 1,700 shares during the quarter. Clear Harbor Asset Management LLC owned 0.14% of Pure Cycle worth $417,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Avanza Fonder AB purchased a new position in Pure Cycle during the fourth quarter worth about $530,000. Tealwood Asset Management Inc. increased its position in Pure Cycle by 72.8% during the 4th quarter. Tealwood Asset Management Inc. now owns 203,158 shares of the utilities provider’s stock worth $2,576,000 after purchasing an additional 85,558 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Pure Cycle by 58.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,359 shares of the utilities provider’s stock valued at $155,000 after buying an additional 5,305 shares during the period. Barclays PLC boosted its stake in shares of Pure Cycle by 253.9% in the third quarter. Barclays PLC now owns 27,385 shares of the utilities provider’s stock valued at $295,000 after buying an additional 19,646 shares in the last quarter. Finally, 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 worth $5,500,000 after acquiring an additional 49,272 shares during the period. Institutional investors and hedge funds own 51.39% of the company’s stock.

Pure Cycle Stock Up 0.4 %

Shares of NASDAQ PCYO opened at $11.60 on Wednesday. The stock has a market capitalization of $279.29 million, a price-to-earnings ratio of 21.09 and a beta of 1.03. Pure Cycle Co. has a 52 week low of $8.94 and a 52 week high of $14.63. The firm has a 50-day moving average price of $12.95 and a 200 day moving average price of $11.36. The company has a quick ratio of 3.09, a current ratio of 3.56 and a debt-to-equity ratio of 0.05.

Pure Cycle (NASDAQ:PCYO) last posted its quarterly 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%.

Insider Buying and Selling

In other Pure Cycle news, Director Daniel R. Kozlowski sold 20,000 shares of Pure Cycle stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $13.10, for a total transaction of $262,000.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 17.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Pure Cycle 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.