Los Angeles Capital Management LLC Has $275,000 Stake in Pure Cycle Co. (NASDAQ:PCYO)

Los Angeles Capital Management LLC boosted its holdings in Pure Cycle Co. (NASDAQ:PCYO) by 7.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,830 shares of the utilities provider’s stock after purchasing an additional 1,890 shares during the quarter. Los Angeles Capital Management LLC owned 0.12% of Pure Cycle worth $275,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Rhumbline Advisers raised its stake in Pure Cycle by 24.0% in the 2nd quarter. Rhumbline Advisers now owns 33,088 shares of the utilities provider’s stock worth $316,000 after purchasing an additional 6,398 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Pure Cycle by 20.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 94,311 shares of the utilities provider’s stock valued at $901,000 after buying an additional 15,759 shares in the last quarter. Epiq Partners LLC raised its position in shares of Pure Cycle by 0.6% in the 2nd quarter. Epiq Partners LLC now owns 371,965 shares of the utilities provider’s stock valued at $3,552,000 after buying an additional 2,350 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Pure Cycle by 19.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,590 shares of the utilities provider’s stock valued at $348,000 after buying an additional 5,994 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new position in shares of Pure Cycle in the 1st quarter valued at approximately $30,000. Institutional investors and hedge funds own 51.39% of the company’s stock.

Pure Cycle Price Performance

Shares of NASDAQ:PCYO opened at $10.23 on Monday. The firm has a 50 day moving average of $10.23 and a 200-day moving average of $9.74. The stock has a market capitalization of $246.34 million, a PE ratio of 40.94 and a beta of 0.92. The company has a current ratio of 4.10, a quick ratio of 3.56 and a debt-to-equity ratio of 0.06. Pure Cycle Co. has a 12 month low of $8.94 and a 12 month high of $11.18.

Pure Cycle (NASDAQ:PCYO) last issued its earnings results on Wednesday, July 10th. The utilities provider reported $0.12 EPS for the quarter. The company had revenue of $7.60 million during the quarter. Pure Cycle had a net margin of 31.00% and a return on equity of 5.07%.

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.