22,461 Shares in Pure Cycle Co. (NASDAQ:PCYO) Bought by First Heartland Consultants Inc.

Posted by on Mar 24th, 2023

First Heartland Consultants Inc. purchased a new position in shares of Pure Cycle Co. (NASDAQ:PCYO – Get Rating) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 22,461 shares of the utilities provider’s stock, valued at approximately $235,000. First Heartland Consultants Inc. owned 0.09% of Pure Cycle at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Ellevest Inc. boosted its position in Pure Cycle by 653.2% in the 3rd quarter. Ellevest Inc. now owns 3,171 shares of the utilities provider’s stock valued at $26,000 after buying an additional 2,750 shares during the last quarter. FMR LLC boosted its position in Pure Cycle by 218.4% in the 2nd quarter. FMR LLC now owns 3,697 shares of the utilities provider’s stock valued at $39,000 after buying an additional 2,536 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Pure Cycle by 99.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,615 shares of the utilities provider’s stock valued at $59,000 after buying an additional 2,798 shares during the last quarter. BNP Paribas Arbitrage SNC boosted its position in Pure Cycle by 35.4% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 7,602 shares of the utilities provider’s stock valued at $63,000 after buying an additional 1,987 shares during the last quarter. Finally, First Manhattan Co. boosted its position in Pure Cycle by 100.0% in the 3rd quarter. First Manhattan Co. now owns 10,000 shares of the utilities provider’s stock valued at $83,000 after buying an additional 5,000 shares during the last quarter. 56.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Pure Cycle from a “sell” rating to a “hold” rating in a research report on Tuesday, March 14th.

Pure Cycle Stock Performance

Shares of Pure Cycle stock opened at $9.11 on Friday. The firm has a market cap of $218.55 million, a PE ratio of 26.79 and a beta of 0.88. The firm’s 50-day simple moving average is $9.06 and its 200-day simple moving average is $9.31. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.51 and a current ratio of 3.51. Pure Cycle Co. has a 1 year low of $7.77 and a 1 year high of $12.41.

Pure Cycle (NASDAQ:PCYO – Get Rating) last issued its earnings results on Monday, January 9th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $1.34 million for the quarter. Pure Cycle had a net margin of 41.17% and a return on equity of 7.51%.

Pure Cycle Company Profile

(Get Rating)

Pure Cycle Corp. engages in the development of diversified land and water resource. It operates through the Water and Wastewater Resource Development and Land Resource Development segments. The Water and Wastewater Resource Development segment offers water and wastewater services to customers for fees.

Featured Articles

Want to see what other hedge funds are holding PCYO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pure Cycle Co. (NASDAQ:PCYO – Get Rating).

Institutional Ownership by Quarter for Pure Cycle (NASDAQ:PCYO)

Receive News & Ratings for Pure Cycle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pure Cycle and related companies with MarketBeat.com's FREE daily email newsletter.