Los Angeles Capital Management LLC Cuts Stake in Pure Cycle Co. (NASDAQ:PCYO)

Los Angeles Capital Management LLC cut its holdings in Pure Cycle Co. (NASDAQ:PCYO) by 11.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,630 shares of the utilities provider’s stock after selling 3,200 shares during the period. Los Angeles Capital Management LLC owned 0.11% of Pure Cycle worth $276,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System purchased a new position in shares of Pure Cycle in the first quarter worth $173,000. Vanguard Group Inc. lifted 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 worth $10,054,000 after purchasing an additional 22,748 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Pure Cycle during the 1st quarter valued at about $103,000. Lazard Asset Management LLC purchased a new position in shares of Pure Cycle during the first quarter valued at about $30,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Pure Cycle by 19.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 36,590 shares of the utilities provider’s stock worth $348,000 after purchasing an additional 5,994 shares during the last quarter. 51.39% of the stock is currently owned by institutional investors.

Pure Cycle Trading Up 2.7 %

Shares of PCYO opened at $13.10 on Tuesday. Pure Cycle Co. has a fifty-two week low of $8.94 and a fifty-two week high of $13.40. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.56 and a current ratio of 4.05. The company’s fifty day moving average is $10.91 and its 200 day moving average is $10.19. The stock has a market capitalization of $315.36 million, a PE ratio of 27.29 and a beta of 0.92.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Pure Cycle from a “sell” rating to a “buy” rating in a research note on Monday.

About Pure Cycle

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.