Pico (NASDAQ:PICO) Raised to Sell at BidaskClub

BidaskClub upgraded shares of Pico (NASDAQ:PICO) from a strong sell rating to a sell rating in a report published on Wednesday, December 20th.

Separately, ValuEngine cut Pico from a buy rating to a hold rating in a report on Monday, October 2nd.

Shares of Pico (PICO) traded up $0.15 on Wednesday, hitting $12.75. The stock had a trading volume of 58,663 shares, compared to its average volume of 106,971. Pico has a fifty-two week low of $12.20 and a fifty-two week high of $20.20. The firm has a market cap of $295.12, a PE ratio of -182.14 and a beta of 1.24.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Pico by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 938,775 shares of the financial services provider’s stock worth $13,143,000 after purchasing an additional 49,743 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Pico by 10.0% during the first quarter. Geode Capital Management LLC now owns 180,106 shares of the financial services provider’s stock worth $2,521,000 after acquiring an additional 16,427 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Pico by 5.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 96,195 shares of the financial services provider’s stock worth $1,347,000 after acquiring an additional 5,301 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Pico by 54.9% during the first quarter. Goldman Sachs Group Inc. now owns 27,081 shares of the financial services provider’s stock worth $379,000 after acquiring an additional 9,593 shares in the last quarter. Finally, Strs Ohio bought a new position in Pico during the second quarter worth about $147,000. Hedge funds and other institutional investors own 70.12% of the company’s stock.

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Pico Company Profile

PICO Holdings, Inc (PICO) is a holding company. The Company’s segments include Water Resource and Water Storage Operations; Real Estate Operations, and Corporate. Its subsidiary, Vidler Water Company, Inc (Vidler), owns water resources and water storage operations in the southwestern United States, with assets and operations in Nevada, Arizona, Colorado and New Mexico.

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