Epiq Partners LLC Has $3.47 Million Position in Pure Cycle Co. (NASDAQ:PCYO)

Epiq Partners LLC lessened its position in Pure Cycle Co. (NASDAQ:PCYO) by 16.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 273,840 shares of the utilities provider’s stock after selling 54,975 shares during the period. Pure Cycle comprises approximately 1.9% of Epiq Partners LLC’s holdings, making the stock its 19th biggest holding. Epiq Partners LLC owned about 1.14% of Pure Cycle worth $3,472,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Tealwood Asset Management Inc. acquired a new position in Pure Cycle in the third quarter worth $1,267,000. Geode Capital Management LLC lifted its position in 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 buying an additional 49,272 shares in the last quarter. Avanza Fonder AB bought a new stake in Pure Cycle during the 4th quarter worth about $530,000. Barclays PLC increased its position in Pure Cycle by 253.9% in the 3rd quarter. Barclays PLC now owns 27,385 shares of the utilities provider’s stock valued at $295,000 after acquiring an additional 19,646 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC bought a new position in shares of Pure Cycle in the fourth quarter worth about $148,000. Institutional investors own 51.39% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Pure Cycle

In related news, Director Daniel R. Kozlowski sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $13.10, for a total value of $262,000.00. Following the sale, the director now directly owns 2,668,778 shares in the company, valued at $34,960,991.80. This trade represents a 0.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 17.20% of the company’s stock.

Pure Cycle Trading Up 1.1 %

Shares of PCYO opened at $11.28 on Tuesday. The stock’s fifty day simple moving average is $12.87 and its 200-day simple moving average is $11.42. The firm has a market capitalization of $271.62 million, a PE ratio of 20.51 and a beta of 1.03. Pure Cycle Co. has a 12-month low of $8.94 and a 12-month high of $14.63. The company has a quick ratio of 3.09, a current ratio of 3.56 and a debt-to-equity ratio of 0.05.

Pure Cycle (NASDAQ:PCYO) last issued its earnings results on Wednesday, January 8th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter. Pure Cycle had a net margin of 46.32% and a return on equity of 10.54%.

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.