Sapient Capital LLC Cuts Position in Pure Cycle Co. (NASDAQ:PCYO)

Sapient Capital LLC cut its holdings in Pure Cycle Co. (NASDAQ:PCYO - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 712,308 shares of the utilities provider's stock after selling 43,410 shares during the period. Sapient Capital LLC owned approximately 2.96% of Pure Cycle worth $9,032,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in PCYO. The Manufacturers Life Insurance Company raised its position in shares of 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 acquiring an additional 1,671 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Pure Cycle by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 58,612 shares of the utilities provider's stock worth $631,000 after acquiring an additional 3,050 shares in the last quarter. State Street Corp raised its position in shares of Pure Cycle by 2.5% in the 3rd quarter. State Street Corp now owns 412,332 shares of the utilities provider's stock worth $4,441,000 after acquiring an additional 10,124 shares in the last quarter. Barclays PLC raised its position in shares of Pure Cycle by 253.9% in the 3rd quarter. Barclays PLC now owns 27,385 shares of the utilities provider's stock worth $295,000 after acquiring an additional 19,646 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Pure Cycle by 10.7% in the 3rd 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. 51.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Pure Cycle Stock Up 4.0 %

Shares of PCYO traded up $0.47 during trading hours on Friday, hitting $12.15. The stock had a trading volume of 49,379 shares, compared to its average volume of 42,599. 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 50 day simple moving average of $12.20 and a 200-day simple moving average of $11.51. The firm has a market capitalization of $292.54 million, a P/E ratio of 22.09 and a beta of 1.02. Pure Cycle Co. has a 1-year low of $8.94 and a 1-year 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 EPS for the quarter. Pure Cycle had a return on equity of 10.54% and a net margin of 46.32%.

Insider Activity

In other Pure Cycle 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 completion of the transaction, the director now owns 2,668,778 shares in the company, valued at approximately $34,960,991.80. The trade was a 0.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 17.20% of the stock is currently owned by company insiders.

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.