Charles Schwab Investment Management Inc. Grows Stock Holdings in Pure Cycle Co. (NASDAQ:PCYO)

Charles Schwab Investment Management Inc. increased its position in shares of Pure Cycle Co. (NASDAQ:PCYO) by 5.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 58,612 shares of the utilities provider’s stock after acquiring an additional 3,050 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Pure Cycle were worth $631,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Magnolia Group LLC grew its position in Pure Cycle by 7.0% in the 2nd quarter. Magnolia Group LLC now owns 2,071,911 shares of the utilities provider’s stock valued at $19,787,000 after acquiring an additional 135,985 shares in the last quarter. Tealwood Asset Management Inc. acquired a new position in shares of Pure Cycle in the third quarter valued at approximately $1,267,000. Bank of New York Mellon Corp increased its stake in Pure Cycle by 20.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 94,311 shares of the utilities provider’s stock worth $901,000 after buying an additional 15,759 shares during the period. Diamond Hill Capital Management Inc. increased its stake in Pure Cycle by 14.1% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 52,000 shares of the utilities provider’s stock worth $497,000 after buying an additional 6,417 shares during the period. Finally, Rhumbline Advisers lifted its holdings in Pure Cycle by 24.0% during the 2nd quarter. Rhumbline Advisers now owns 33,088 shares of the utilities provider’s stock worth $316,000 after buying an additional 6,398 shares in the last quarter. Institutional investors and hedge funds own 51.39% of the company’s stock.

Insider Transactions at Pure Cycle

In related news, Director Daniel R. Kozlowski sold 20,000 shares of Pure Cycle stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $13.10, for a total value of $262,000.00. Following the completion of the transaction, the director now owns 2,668,778 shares in the company, valued at $34,960,991.80. The trade was a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 17.20% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Pure Cycle from a “sell” rating to a “buy” rating in a research report on Monday, November 18th.

Pure Cycle Price Performance

Shares of NASDAQ PCYO opened at $12.37 on Thursday. The stock’s 50-day moving average is $12.39 and its two-hundred day moving average is $10.87. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.05 and a quick ratio of 3.66. The company has a market cap of $297.81 million, a price-to-earnings ratio of 25.77 and a beta of 1.00. Pure Cycle Co. has a 1-year low of $8.94 and a 1-year high of $14.63.

Pure Cycle Company 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.