Epiq Partners LLC Sells 54,975 Shares of Pure Cycle Co. (NASDAQ:PCYO)

Epiq Partners LLC lowered its stake in shares of Pure Cycle Co. (NASDAQ:PCYO - Free Report) by 16.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 273,840 shares of the utilities provider's stock after selling 54,975 shares during the quarter. Pure Cycle comprises 1.9% of Epiq Partners LLC's portfolio, making the stock its 19th largest holding. Epiq Partners LLC owned approximately 1.14% of Pure Cycle worth $3,472,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC bought a new position in Pure Cycle during the fourth quarter worth $110,000. The Manufacturers Life Insurance Company grew its position in Pure Cycle by 16.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,701 shares of the utilities provider's stock worth $112,000 after purchasing an additional 1,671 shares during the last quarter. Linden Thomas Advisory Services LLC acquired a new position in shares of Pure Cycle during the fourth quarter valued at about $148,000. JPMorgan Chase & Co. lifted its stake in shares of Pure Cycle by 58.6% in the third 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 during the period. Finally, Barclays PLC grew its position in Pure Cycle by 253.9% during the third quarter. Barclays PLC now owns 27,385 shares of the utilities provider's stock worth $295,000 after buying an additional 19,646 shares in the last quarter. 51.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Pure Cycle Price Performance

Shares of PCYO stock traded up $0.07 during mid-day trading on Tuesday, reaching $11.35. The company's stock had a trading volume of 32,487 shares, compared to its average volume of 46,517. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.09 and a current ratio of 3.56. The firm's 50-day moving average is $12.83 and its two-hundred day moving average is $11.43. 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 $273.31 million, a P/E ratio of 20.64 and a beta of 1.03.

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

Insider Buying and Selling at Pure Cycle

In other Pure Cycle news, Director Daniel R. Kozlowski sold 20,000 shares of the business'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 transaction, the director now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 17.20% of the company's stock.

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.