Heartland Advisors Inc. Has $7.95 Million Stock Holdings in Pure Cycle Co. (NASDAQ:PCYO)

Heartland Advisors Inc. grew its holdings in shares of Pure Cycle Co. (NASDAQ:PCYO - Free Report) by 17.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 627,264 shares of the utilities provider's stock after acquiring an additional 93,495 shares during the period. Heartland Advisors Inc. owned about 2.60% of Pure Cycle worth $7,954,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in shares of Pure Cycle by 252.3% in the 4th quarter. JPMorgan Chase & Co. now owns 50,591 shares of the utilities provider's stock valued at $641,000 after buying an additional 36,232 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its stake in shares of Pure Cycle by 22.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 63,886 shares of the utilities provider's stock worth $810,000 after acquiring an additional 11,886 shares during the period. Bard Associates Inc. boosted its holdings in Pure Cycle by 1.3% in the fourth quarter. Bard Associates Inc. now owns 369,843 shares of the utilities provider's stock valued at $4,690,000 after acquiring an additional 4,848 shares during the last quarter. Linden Thomas Advisory Services LLC acquired a new stake in Pure Cycle during the 4th quarter valued at approximately $148,000. Finally, SG Americas Securities LLC bought a new position in Pure Cycle during the 4th quarter worth approximately $110,000. Institutional investors and hedge funds own 51.39% of the company's stock.

Analyst Ratings Changes

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

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Pure Cycle Trading Down 1.4 %

Shares of PCYO stock traded down $0.15 during mid-day trading on Wednesday, hitting $10.53. The company's stock had a trading volume of 7,387 shares, compared to its average volume of 49,761. The company has a market cap of $253.53 million, a PE ratio of 19.15 and a beta of 1.05. 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 company's fifty day simple moving average is $11.25 and its 200-day simple moving average is $11.74. Pure Cycle Co. has a 52 week low of $8.94 and a 52 week high of $14.63.

Pure Cycle (NASDAQ:PCYO - Get Free Report) last issued its earnings results 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%.

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.