Concurrent Investment Advisors LLC Sells 1,000 Shares of Pure Cycle Co. (NASDAQ:PCYO)

Concurrent Investment Advisors LLC lessened its holdings in shares of Pure Cycle Co. (NASDAQ:PCYO) by 7.1% in the third quarter, HoldingsChannel.com reports. The firm owned 13,000 shares of the utilities provider’s stock after selling 1,000 shares during the period. Concurrent Investment Advisors LLC’s holdings in Pure Cycle were worth $140,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Magnolia Group LLC raised its holdings in shares of Pure Cycle by 7.0% in the second quarter. Magnolia Group LLC now owns 2,071,911 shares of the utilities provider’s stock valued at $19,787,000 after purchasing an additional 135,985 shares during the last quarter. Tealwood Asset Management Inc. bought a new position in shares of Pure Cycle during the 3rd quarter worth approximately $1,267,000. Vanguard Group Inc. boosted its stake in shares of 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 buying an additional 22,748 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new position in shares of Pure Cycle in the 1st quarter worth approximately $173,000. Finally, Bank of New York Mellon Corp increased its position in shares of Pure Cycle by 20.1% during the second quarter. Bank of New York Mellon Corp now owns 94,311 shares of the utilities provider’s stock valued at $901,000 after acquiring an additional 15,759 shares during the last quarter. Institutional investors and hedge funds own 51.39% of the company’s stock.

Pure Cycle Stock Performance

Shares of Pure Cycle stock opened at $11.74 on Wednesday. The business’s fifty day simple moving average is $10.73 and its 200 day simple moving average is $10.11. 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 $12.37. The firm has a market capitalization of $282.70 million, a P/E ratio of 48.52 and a beta of 0.92.

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.