Two Sigma Investments LP Reduces Stake in PICO Holdings (PICO)

Two Sigma Investments LP cut its position in PICO Holdings (NASDAQ:PICO) by 28.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,200 shares of the financial services provider’s stock after selling 19,197 shares during the quarter. Two Sigma Investments LP’s holdings in PICO were worth $617,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of PICO. Wells Fargo & Company MN grew its stake in shares of PICO by 3.1% in the third quarter. Wells Fargo & Company MN now owns 260,580 shares of the financial services provider’s stock valued at $4,351,000 after buying an additional 7,728 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of PICO by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,319,903 shares of the financial services provider’s stock valued at $22,043,000 after buying an additional 24,576 shares in the last quarter. KBC Group NV grew its stake in shares of PICO by 1,637.1% in the third quarter. KBC Group NV now owns 69,206 shares of the financial services provider’s stock valued at $1,156,000 after buying an additional 65,222 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of PICO by 122.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 19,500 shares of the financial services provider’s stock valued at $250,000 after buying an additional 10,740 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of PICO by 8.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 92,673 shares of the financial services provider’s stock valued at $1,187,000 after buying an additional 7,447 shares in the last quarter. 70.90% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on the company. TheStreet cut PICO from a “c” rating to a “d” rating in a research note on Friday, December 22nd. BidaskClub cut PICO from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 26th.



Shares of NASDAQ PICO opened at $11.40 on Friday. PICO Holdings has a twelve month low of $10.60 and a twelve month high of $20.20. The firm has a market capitalization of $266.25, a PE ratio of 35.94 and a beta of 1.24.

PICO (NASDAQ:PICO) last issued its quarterly earnings data on Thursday, March 1st. The financial services provider reported ($0.08) earnings per share for the quarter. PICO had a net margin of 1.28% and a return on equity of 1.75%. The firm had revenue of $1.24 million during the quarter.

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About PICO

PICO Holdings, Inc engages in the water resource and water storage activities in the southwestern United States. It engages in selling its water rights and storage credits in Arizona, Colorado, Nevada, and New Mexico. The Company sells its water rights to real estate developers, power generating facilities, or other commercial and industrial users, as well as to water utilities, municipalities, and other government agencies; and sells its stored water to state agencies, commercial developers, or municipalities for their commercial projects or communities.

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Institutional Ownership by Quarter for PICO (NASDAQ:PICO)

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