Wealth Effects LLC Has $417,000 Stock Holdings in Pure Cycle Co. (NASDAQ:PCYO)

Wealth Effects LLC trimmed its position in shares of Pure Cycle Co. (NASDAQ:PCYO) by 17.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,850 shares of the utilities provider’s stock after selling 7,000 shares during the period. Wealth Effects LLC owned about 0.14% of Pure Cycle worth $417,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of Pure Cycle by 10.7% during the 3rd quarter. Geode Capital Management LLC now owns 510,549 shares of the utilities provider’s stock worth $5,500,000 after purchasing an additional 49,272 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Pure Cycle by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 58,612 shares of the utilities provider’s stock valued at $631,000 after acquiring an additional 3,050 shares in the last quarter. Tealwood Asset Management Inc. grew its position in Pure Cycle by 72.8% in the fourth quarter. Tealwood Asset Management Inc. now owns 203,158 shares of the utilities provider’s stock worth $2,576,000 after acquiring an additional 85,558 shares in the last quarter. State Street Corp increased its stake in shares of Pure Cycle by 2.5% during the 3rd quarter. State Street Corp now owns 412,332 shares of the utilities provider’s stock worth $4,441,000 after purchasing an additional 10,124 shares during the last quarter. Finally, Avanza Fonder AB bought a new position in shares of Pure Cycle during the 4th quarter valued at $530,000. Institutional investors and hedge funds own 51.39% of the company’s stock.

Insider Activity

In related news, Director Daniel R. Kozlowski sold 20,000 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $13.10, for a total value of $262,000.00. Following the completion of the sale, the director now owns 2,668,778 shares in the company, valued at approximately $34,960,991.80. This trade represents a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 17.20% of the stock is currently owned by company insiders.

Pure Cycle Stock Performance

PCYO opened at $11.28 on Tuesday. The stock has a 50-day moving average of $12.87 and a 200-day moving average of $11.42. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.09 and a current ratio of 3.56. Pure Cycle Co. has a 52-week low of $8.94 and a 52-week high of $14.63. The company has a market cap of $271.62 million, a PE ratio of 20.51 and a beta of 1.03.

Pure Cycle (NASDAQ:PCYO) last announced its quarterly 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%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Pure Cycle from a “buy” rating to a “hold” rating in a report on Friday, January 10th.

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.