MYDA Advisors LLC Sells 40,000 Shares of Pure Cycle Co. (NASDAQ:PCYO)

MYDA Advisors LLC trimmed its holdings in Pure Cycle Co. (NASDAQ:PCYO - Free Report) by 18.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 180,000 shares of the utilities provider's stock after selling 40,000 shares during the quarter. MYDA Advisors LLC owned 0.75% of Pure Cycle worth $2,282,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in PCYO. Heartland Advisors Inc. raised its position in shares of Pure Cycle by 17.5% during the fourth quarter. Heartland Advisors Inc. now owns 627,264 shares of the utilities provider's stock worth $7,954,000 after purchasing an additional 93,495 shares during the period. Tealwood Asset Management Inc. boosted its holdings in shares of Pure Cycle by 72.8% in the fourth quarter. Tealwood Asset Management Inc. now owns 203,158 shares of the utilities provider's stock worth $2,576,000 after buying an additional 85,558 shares during the period. Geode Capital Management LLC increased its position in shares of Pure Cycle by 10.7% in the third quarter. Geode Capital Management LLC now owns 510,549 shares of the utilities provider's stock worth $5,500,000 after acquiring an additional 49,272 shares in the last quarter. Avanza Fonder AB acquired a new stake in shares of Pure Cycle during the fourth quarter valued at approximately $530,000. Finally, JPMorgan Chase & Co. lifted 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 acquiring an additional 36,232 shares in the last quarter. 51.39% of the stock is currently owned by institutional investors.

Pure Cycle Stock Up 0.7 %

Pure Cycle stock traded up $0.07 during trading hours on Thursday, hitting $10.24. The company had a trading volume of 28,556 shares, compared to its average volume of 49,687. Pure Cycle Co. has a fifty-two week low of $8.94 and a fifty-two week high of $14.63. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.56 and a quick ratio of 3.09. The firm has a market capitalization of $246.54 million, a P/E ratio of 18.62 and a beta of 1.10. The firm's fifty day moving average is $10.76 and its 200-day moving average is $11.66.

Pure Cycle (NASDAQ:PCYO - Get Free Report) last posted its quarterly earnings results on Wednesday, April 9th. The utilities provider reported $0.03 earnings per share for the quarter. The business had revenue of $4.00 million for the quarter. Pure Cycle had a net margin of 46.32% and a return on equity of 10.54%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Pure Cycle from a "buy" rating to a "hold" rating in a research note 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.