Beacon Investment Advisory Services Inc. Sells 11,000 Shares of Pure Cycle Co. (NASDAQ:PCYO)

Beacon Investment Advisory Services Inc. lowered its position in Pure Cycle Co. (NASDAQ:PCYO) by 20.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 43,630 shares of the utilities provider’s stock after selling 11,000 shares during the quarter. Beacon Investment Advisory Services Inc. owned about 0.18% of Pure Cycle worth $364,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hartwell J M Limited Partnership lifted its position in Pure Cycle by 16.7% in the 4th quarter. Hartwell J M Limited Partnership now owns 233,026 shares of the utilities provider’s stock worth $1,946,000 after buying an additional 33,293 shares during the last quarter. Whalerock Point Partners LLC bought a new stake in Pure Cycle in the fourth quarter valued at approximately $173,000. Trigran Investments Inc. lifted its position in Pure Cycle by 1.8% in the third quarter. Trigran Investments Inc. now owns 2,028,795 shares of the utilities provider’s stock valued at $15,216,000 after purchasing an additional 36,257 shares during the last quarter. Adirondack Research & Management Inc. lifted its position in Pure Cycle by 73.4% in the third quarter. Adirondack Research & Management Inc. now owns 130,294 shares of the utilities provider’s stock valued at $977,000 after purchasing an additional 55,140 shares during the last quarter. Finally, Boston Partners lifted its position in Pure Cycle by 14.8% in the third quarter. Boston Partners now owns 681,684 shares of the utilities provider’s stock valued at $5,113,000 after purchasing an additional 87,637 shares during the last quarter. 67.87% of the stock is owned by institutional investors.

Separately, TheStreet upgraded Pure Cycle from a “c” rating to a “b-” rating in a research report on Wednesday, January 10th.

Shares of Pure Cycle Co. (NASDAQ PCYO) traded up $0.25 during mid-day trading on Tuesday, reaching $8.05. The company had a trading volume of 45,200 shares, compared to its average volume of 26,607. Pure Cycle Co. has a 12 month low of $5.13 and a 12 month high of $8.95. The stock has a market capitalization of $191.22, a PE ratio of -134.17 and a beta of 0.86.

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About Pure Cycle

Pure Cycle Corporation is an integrated water company that provides wholesale water and wastewater services. The Company provides its services to wholesale customers, which include industrial customers and local governmental entities that provide water and wastewater services to their end-use customers located in the Denver, Colorado metropolitan area.

Institutional Ownership by Quarter for Pure Cycle (NASDAQ:PCYO)

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