Pico (NASDAQ:PICO) Cut to D+ at TheStreet

TheStreet downgraded shares of Pico (NASDAQ:PICO) from a c+ rating to a d+ rating in a research report report published on Monday, TheStreetRatingsTable reports.

Shares of NASDAQ PICO opened at $9.92 on Monday. Pico has a 12 month low of $8.85 and a 12 month high of $12.63. The business has a fifty day simple moving average of $10.48 and a 200-day simple moving average of $10.71.

Pico (NASDAQ:PICO) last announced its earnings results on Thursday, August 8th. The financial services provider reported ($0.06) EPS for the quarter. The firm had revenue of $2.66 million during the quarter.



In other Pico news, Director Gregory Bylinsky purchased 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average cost of $9.49 per share, with a total value of $474,500.00. Following the completion of the transaction, the director now owns 15,011 shares of the company’s stock, valued at $142,454.39. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dorothy Ann Timian-Palmer purchased 5,262 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average cost of $9.79 per share, for a total transaction of $51,514.98. Following the completion of the transaction, the chief executive officer now directly owns 8,190 shares of the company’s stock, valued at approximately $80,180.10. The disclosure for this purchase can be found here. Insiders have purchased 56,262 shares of company stock worth $535,775 over the last three months. 10.40% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its holdings in shares of Pico by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 243,646 shares of the financial services provider’s stock valued at $2,226,000 after purchasing an additional 10,684 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Pico by 38.2% during the first quarter. Nisa Investment Advisors LLC now owns 11,950 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 3,300 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Pico by 572.0% during the first quarter. BNP Paribas Arbitrage SA now owns 4,146 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 3,529 shares during the last quarter. Osborn Williams & Donohoe LLC purchased a new stake in shares of Pico during the first quarter valued at $38,000. Finally, Moors & Cabot Inc. lifted its holdings in shares of Pico by 100.0% during the first quarter. Moors & Cabot Inc. now owns 49,500 shares of the financial services provider’s stock valued at $490,000 after purchasing an additional 24,750 shares during the last quarter. 68.58% of the stock is currently owned by hedge funds and other institutional investors.

Pico Company Profile

PICO Holdings, Inc, together with its subsidiaries, 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.

Featured Article: Bear Market – How and Why They Occur

Receive News & Ratings for Pico Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pico and related companies with MarketBeat.com's FREE daily email newsletter.