Pure Cycle Corporation $PCYO is Magnolia Group LLC’s 8th Largest Position

Magnolia Group LLC reduced its position in Pure Cycle Corporation (NASDAQ:PCYO) by 3.4% in the 4th quarter, Holdings Channel reports. The firm owned 2,013,106 shares of the utilities provider’s stock after selling 70,302 shares during the period. Pure Cycle makes up 3.6% of Magnolia Group LLC’s holdings, making the stock its 8th biggest holding. Magnolia Group LLC owned approximately 0.08% of Pure Cycle worth $22,124,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. BNP Paribas Financial Markets raised its position in Pure Cycle by 64.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,878 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 1,513 shares during the last quarter. JPMorgan Chase & Co. raised its position in Pure Cycle by 16.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,984 shares of the utilities provider’s stock valued at $122,000 after purchasing an additional 1,521 shares during the last quarter. Russell Investments Group Ltd. raised its position in Pure Cycle by 143.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,634 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 1,552 shares during the last quarter. Alliancebernstein L.P. raised its position in Pure Cycle by 8.5% in the 3rd quarter. Alliancebernstein L.P. now owns 20,320 shares of the utilities provider’s stock valued at $225,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Epiq Partners LLC raised its position in Pure Cycle by 1.4% in the 3rd quarter. Epiq Partners LLC now owns 259,244 shares of the utilities provider’s stock valued at $2,870,000 after purchasing an additional 3,704 shares during the last quarter. Hedge funds and other institutional investors own 51.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Pure Cycle in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Pure Cycle Stock Down 0.5%

PCYO opened at $11.62 on Friday. The business has a 50 day moving average price of $10.75 and a two-hundred day moving average price of $11.06. The company has a quick ratio of 0.83, a current ratio of 1.39 and a debt-to-equity ratio of 0.04. The company has a market cap of $280.04 million, a PE ratio of 20.03 and a beta of 1.29. Pure Cycle Corporation has a 52 week low of $9.65 and a 52 week high of $12.15.

Pure Cycle (NASDAQ:PCYO) last posted its quarterly earnings data on Wednesday, April 8th. The utilities provider reported $0.05 EPS for the quarter. The firm had revenue of $5.17 million during the quarter. Pure Cycle had a return on equity of 9.75% and a net margin of 45.80%.

Pure Cycle Company Profile

Pure Cycle Corporation (NASDAQ:PCYO) is a Colorado-based utility and real estate development company focused on water resource management and land development along the Front Range. The company’s core operations involve the acquisition, treatment and distribution of potable water, as well as the collection and treatment of wastewater, serving suburban and rural communities in the Denver metropolitan area. Pure Cycle holds substantial water rights and operates distribution and treatment facilities under a regulated utility model, providing essential services to residential and commercial customers.

In addition to its water utility business, Pure Cycle engages in real estate development, leveraging its water assets to create fully serviced residential communities.