Bank of New York Mellon Corp Purchases 15,759 Shares of Pure Cycle Co. (NASDAQ:PCYO)

Bank of New York Mellon Corp lifted its position in shares of Pure Cycle Co. (NASDAQ:PCYO) by 20.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,311 shares of the utilities provider’s stock after purchasing an additional 15,759 shares during the period. Bank of New York Mellon Corp owned 0.39% of Pure Cycle worth $901,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Epiq Partners LLC increased its position in Pure Cycle by 0.6% during the second quarter. Epiq Partners LLC now owns 371,965 shares of the utilities provider’s stock worth $3,552,000 after buying an additional 2,350 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Pure Cycle by 19.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,590 shares of the utilities provider’s stock worth $348,000 after acquiring an additional 5,994 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Pure Cycle during the 1st quarter worth approximately $30,000. EntryPoint Capital LLC bought a new stake in Pure Cycle in the 1st quarter valued at $103,000. Finally, Vanguard Group Inc. raised its stake in Pure Cycle by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 1,058,312 shares of the utilities provider’s stock valued at $10,054,000 after acquiring an additional 22,748 shares during the period. 51.39% of the stock is owned by institutional investors.

Pure Cycle Trading Down 4.6 %

PCYO stock opened at $10.72 on Friday. The stock has a market cap of $258.14 million, a price-to-earnings ratio of 42.88 and a beta of 0.92. The company has a fifty day moving average price of $10.34 and a two-hundred day moving average price of $9.77. Pure Cycle Co. has a one year low of $8.94 and a one year high of $11.32. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.10 and a quick ratio of 3.56.

Pure Cycle (NASDAQ:PCYO) last released its quarterly earnings results on Wednesday, July 10th. The utilities provider reported $0.12 earnings per share for the quarter. The firm had revenue of $7.60 million for 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.