Ameriprise Financial Inc. lowered its position in Pico Holdings Inc. (NASDAQ:PICO) by 22.3% during the second quarter, Holdings Channel reports. The firm owned 704,784 shares of the company’s stock after selling 202,136 shares during the period. Ameriprise Financial Inc. owned approximately 3.06% of Pico Holdings worth $6,668,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Boothbay Fund Management LLC boosted its stake in shares of Pico Holdings by 1.6% in the first quarter. Boothbay Fund Management LLC now owns 27,703 shares of the company’s stock worth $283,000 after buying an additional 427 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of Pico Holdings by 0.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 38,348 shares of the company’s stock worth $363,000 after buying an additional 141 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Pico Holdings during the second quarter worth about $368,000. Lee Danner & Bass Inc. boosted its stake in shares of Pico Holdings by 12.8% in the second quarter. Lee Danner & Bass Inc. now owns 44,000 shares of the company’s stock worth $416,000 after buying an additional 5,000 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Pico Holdings by 9.9% in the second quarter. Bank of New York Mellon Corp now owns 99,659 shares of the company’s stock worth $943,000 after buying an additional 8,959 shares during the period. Institutional investors and hedge funds own 79.41% of the company’s stock.
Shares of Pico Holdings Inc. (NASDAQ:PICO) traded up 0.27% during midday trading on Monday, hitting $11.14. 12,214 shares of the company were exchanged. The company has a 50-day moving average of $11.06 and a 200 day moving average of $10.10. The company’s market capitalization is $256.73 million. Pico Holdings Inc. has a one year low of $7.82 and a one year high of $11.92.
Pico Holdings (NASDAQ:PICO) last released its earnings results on Monday, August 8th. The company reported ($0.15) earnings per share for the quarter. Pico Holdings had a negative net margin of 7.51% and a negative return on equity of 2.43%. The firm earned $83.70 million during the quarter, compared to the consensus estimate of $35.10 million. On average, equities research analysts expect that Pico Holdings Inc. will post ($1.45) earnings per share for the current fiscal year.
About Pico Holdings
PICO Holdings, Inc (PICO) is a holding company. The Company’s segments include Water Resource and Water Storage Operations; Real Estate Operations, and Corporate. PICO’s subsidiary, Vidler Water Company, Inc (Vidler), acquires and develops water resources and water storage operations in the southwestern United States, with assets and operations in Nevada, Arizona, Colorado and New Mexico.
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