BidaskClub Upgrades Pico (PICO) to “Sell”

Pico (NASDAQ:PICO) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Tuesday.

Several other research analysts have also recently issued reports on PICO. ValuEngine cut shares of Pico from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. TheStreet cut shares of Pico from a “c” rating to a “d” rating in a report on Friday, December 22nd.

Pico (PICO) opened at $13.05 on Tuesday. Pico has a fifty-two week low of $12.20 and a fifty-two week high of $20.20. The stock has a market cap of $298.59, a P/E ratio of -42.10 and a beta of 1.24.

Pico (NASDAQ:PICO) last issued its earnings results on Tuesday, November 7th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter. Pico had a negative return on equity of 0.37% and a negative net margin of 4.85%.

Institutional investors have recently modified their holdings of the company. Citadel Advisors LLC bought a new position in shares of Pico in the second quarter worth approximately $261,000. Virtu KCG Holdings LLC purchased a new stake in Pico in the second quarter worth $261,000. Voya Investment Management LLC lifted its stake in Pico by 8.1% in the second quarter. Voya Investment Management LLC now owns 17,259 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 1,300 shares during the period. Nisa Investment Advisors LLC lifted its stake in Pico by 122.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 19,500 shares of the financial services provider’s stock worth $250,000 after acquiring an additional 10,740 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in Pico by 6.6% in the second quarter. The Manufacturers Life Insurance Company now owns 19,942 shares of the financial services provider’s stock worth $349,000 after acquiring an additional 1,230 shares during the period. 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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