California Public Employees Retirement System Reduces Position in Pico Holdings Inc (NASDAQ:PICO)

California Public Employees Retirement System decreased its position in Pico Holdings Inc (NASDAQ:PICO) by 6.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 19,672 shares of the financial services provider’s stock after selling 1,314 shares during the period. California Public Employees Retirement System’s holdings in Pico were worth $198,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of PICO. Marshall Wace LLP bought a new stake in Pico during the 2nd quarter valued at $620,000. Russell Investments Group Ltd. purchased a new stake in Pico during the 2nd quarter valued at $496,000. Bank of America Corp DE boosted its position in Pico by 475.9% during the 2nd quarter. Bank of America Corp DE now owns 46,991 shares of the financial services provider’s stock valued at $547,000 after buying an additional 38,831 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in Pico by 30.0% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 121,668 shares of the financial services provider’s stock worth $1,414,000 after acquiring an additional 28,111 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Pico by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 901,852 shares of the financial services provider’s stock worth $10,480,000 after acquiring an additional 27,473 shares during the last quarter. Hedge funds and other institutional investors own 69.56% of the company’s stock.

NASDAQ PICO opened at $10.83 on Friday. Pico Holdings Inc has a 1 year low of $8.85 and a 1 year high of $11.82. The business’s 50-day moving average is $10.69 and its 200 day moving average is $10.55.

Pico (NASDAQ:PICO) last released its quarterly earnings results on Friday, November 8th. The financial services provider reported $0.07 EPS for the quarter. Pico had a return on equity of 3.88% and a net margin of 31.37%. The business had revenue of $4.25 million during the quarter.

Separately, TheStreet raised shares of Pico from a “d+” rating to a “c” rating in a research note on Wednesday, November 20th.

In other Pico news, Director Eric H. Speron bought 4,305 shares of Pico stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average cost of $10.49 per share, with a total value of $45,159.45. Following the completion of the purchase, the director now owns 65,305 shares of the company’s stock, valued at $685,049.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 10.40% of the stock is currently owned by insiders.

Pico 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.

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Institutional Ownership by Quarter for Pico (NASDAQ:PICO)

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