Pure Cycle Co. (NASDAQ:PCYO) Shares Bought by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. lifted its position in Pure Cycle Co. (NASDAQ:PCYO - Free Report) by 72.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 203,158 shares of the utilities provider's stock after buying an additional 85,558 shares during the period. Pure Cycle makes up about 1.1% of Tealwood Asset Management Inc.'s investment portfolio, making the stock its 26th biggest position. Tealwood Asset Management Inc. owned approximately 0.84% of Pure Cycle worth $2,576,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in Pure Cycle by 20.1% during the second quarter. Bank of New York Mellon Corp now owns 94,311 shares of the utilities provider's stock valued at $901,000 after purchasing an additional 15,759 shares during the period. Rhumbline Advisers lifted its holdings in shares of Pure Cycle by 24.0% in the 2nd 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 last quarter. Los Angeles Capital Management LLC lifted its stake in shares of Pure Cycle by 7.0% in the 2nd 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 during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Pure Cycle by 14.1% during the second quarter. Diamond Hill Capital Management Inc. now owns 52,000 shares of the utilities provider's stock worth $497,000 after buying an additional 6,417 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in Pure Cycle by 16.7% during the 2nd 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 during the last quarter. 51.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Pure Cycle Stock Down 0.2 %

NASDAQ PCYO traded down $0.02 during trading on Tuesday, reaching $11.45. 55,905 shares of the company's stock traded hands, compared to its average volume of 55,838. Pure Cycle Co. has a 12-month low of $8.94 and a 12-month high of $14.63. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.05 and a quick ratio of 3.66. The firm has a market cap of $275.68 million, a price-to-earnings ratio of 23.85 and a beta of 1.03. The company's 50 day simple moving average is $12.99 and its two-hundred day simple moving average is $11.29.

Pure Cycle (NASDAQ:PCYO - Get Free Report) last issued its quarterly earnings data on Wednesday, January 8th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter. Pure Cycle had a net margin of 40.40% and a return on equity of 9.41%.

Insider Activity

In related news, Director Daniel R. Kozlowski sold 20,000 shares of the business's stock in a transaction on 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 in the company, valued at $34,960,991.80. The trade was a 0.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 17.20% of the company's stock.

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.