Tealwood Asset Management Inc. Invests $1.27 Million in Pure Cycle Co. (NASDAQ:PCYO)

Tealwood Asset Management Inc. acquired a new position in Pure Cycle Co. (NASDAQ:PCYO - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 117,600 shares of the utilities provider's stock, valued at approximately $1,267,000. Tealwood Asset Management Inc. owned 0.49% of Pure Cycle at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PCYO. Lazard Asset Management LLC purchased a new position in shares of Pure Cycle in the first quarter worth about $30,000. EntryPoint Capital LLC acquired a new position in shares of Pure Cycle in the first quarter valued at approximately $103,000. The Manufacturers Life Insurance Company grew its holdings in shares of Pure Cycle by 16.7% in the second 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 in the last quarter. State Board of Administration of Florida Retirement System acquired a new position in shares of Pure Cycle in the first quarter valued at approximately $173,000. Finally, 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 valued at $275,000 after purchasing an additional 1,890 shares in the last quarter. Institutional investors and hedge funds own 51.39% of the company's stock.

Pure Cycle Stock Down 0.7 %

Shares of PCYO stock traded down $0.07 during trading on Tuesday, reaching $10.55. The company's stock had a trading volume of 31,267 shares, compared to its average volume of 53,512. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.10 and a quick ratio of 3.56. The company has a market capitalization of $254.04 million, a price-to-earnings ratio of 42.28 and a beta of 0.92. The stock's 50-day moving average price is $10.32 and its 200 day moving average price is $9.85. Pure Cycle Co. has a 1-year low of $8.94 and a 1-year high of $11.32.

Pure Cycle (NASDAQ:PCYO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 10th. The utilities provider reported $0.12 earnings per share for the quarter. The firm had revenue of $7.60 million during the quarter. Pure Cycle had a net margin of 31.00% and a return on equity of 5.07%.

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.