Avanza Fonder AB Acquires New Stake in Pure Cycle Co. (NASDAQ:PCYO)

Avanza Fonder AB purchased a new stake in shares of Pure Cycle Co. (NASDAQ:PCYO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 41,807 shares of the utilities provider's stock, valued at approximately $530,000. Avanza Fonder AB owned approximately 0.17% of Pure Cycle at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company raised its stake in Pure Cycle by 16.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,701 shares of the utilities provider's stock valued at $112,000 after purchasing an additional 1,671 shares during the period. JPMorgan Chase & Co. grew its holdings in Pure Cycle by 58.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,359 shares of the utilities provider's stock valued at $155,000 after buying an additional 5,305 shares in the last quarter. Barclays PLC raised its position in shares of Pure Cycle by 253.9% during the third quarter. Barclays PLC now owns 27,385 shares of the utilities provider's stock valued at $295,000 after buying an additional 19,646 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Pure Cycle by 24.0% in the second 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. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Pure Cycle by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 58,612 shares of the utilities provider's stock worth $631,000 after acquiring an additional 3,050 shares during the last quarter. 51.39% of the stock is currently owned by institutional investors.

Pure Cycle Price Performance

Shares of NASDAQ:PCYO traded down $0.04 during mid-day trading on Monday, reaching $11.55. The stock had a trading volume of 23,948 shares, compared to its average volume of 41,931. The business's 50 day moving average price is $12.96 and its 200 day moving average price is $11.35. Pure Cycle Co. has a 1 year low of $8.94 and a 1 year high of $14.63. The company has a market cap of $278.12 million, a P/E ratio of 21.00 and a beta of 1.03. The company has a current ratio of 3.56, a quick ratio of 3.66 and a debt-to-equity ratio of 0.05.

Pure Cycle (NASDAQ:PCYO - Get Free Report) last posted its earnings results on Wednesday, January 8th. The utilities provider reported $0.16 earnings per share for the quarter. Pure Cycle had a net margin of 46.32% and a return on equity of 10.54%.

Insider Transactions at Pure Cycle

In other news, Director Daniel R. Kozlowski sold 20,000 shares of the firm's stock in a transaction dated 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 sale, the director now owns 2,668,778 shares in the company, valued at approximately $34,960,991.80. This trade represents a 0.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 17.20% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Pure Cycle from a "buy" rating to a "hold" rating in a report on Friday, January 10th.

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.