Geode Capital Management LLC Purchases 49,272 Shares of Pure Cycle Co. (NASDAQ:PCYO)

Geode Capital Management LLC grew its holdings in Pure Cycle Co. (NASDAQ:PCYO - Free Report) by 10.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 510,549 shares of the utilities provider's stock after purchasing an additional 49,272 shares during the period. Geode Capital Management LLC owned about 2.12% of Pure Cycle worth $5,500,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. 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 period. Los Angeles Capital Management LLC grew its holdings in shares of Pure Cycle by 7.0% in the second quarter. Los Angeles Capital Management LLC now owns 28,830 shares of the utilities provider's stock worth $275,000 after acquiring an additional 1,890 shares during the period. Barclays PLC increased 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 valued at $295,000 after acquiring an additional 19,646 shares during the last quarter. Rhumbline Advisers lifted its holdings in Pure Cycle by 24.0% in the second quarter. Rhumbline Advisers now owns 33,088 shares of the utilities provider's stock valued at $316,000 after acquiring an additional 6,398 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its holdings in Pure Cycle by 14.1% in the second quarter. Diamond Hill Capital Management Inc. now owns 52,000 shares of the utilities provider's stock valued at $497,000 after acquiring an additional 6,417 shares during the period. Hedge funds and other institutional investors own 51.39% of the company's stock.

Pure Cycle Stock Performance

PCYO stock traded up $0.13 during midday trading on Friday, reaching $12.57. 30,146 shares of the company's stock traded hands, compared to its average volume of 32,573. The company has a current ratio of 4.05, a quick ratio of 3.66 and a debt-to-equity ratio of 0.05. Pure Cycle Co. has a 52-week low of $8.94 and a 52-week high of $14.63. The stock has a market cap of $302.62 million, a P/E ratio of 26.19 and a beta of 1.03. The stock's 50-day moving average is $12.86 and its 200 day moving average is $11.16.

Insider Activity

In other news, Director Daniel R. Kozlowski sold 20,000 shares of Pure Cycle stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $13.10, for a total transaction of $262,000.00. Following the transaction, the director now directly owns 2,668,778 shares of the company's stock, valued at $34,960,991.80. The trade was a 0.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 17.20% of the company's stock.

Analyst Ratings Changes

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

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.