Pure Cycle (PCYO) Downgraded to C+ at TheStreet

TheStreet cut shares of Pure Cycle (NASDAQ:PCYO) from a b- rating to a c+ rating in a report issued on Friday.

Pure Cycle (PCYO) opened at $8.05 on Friday. The stock has a market cap of $191.22, a P/E ratio of -134.17 and a beta of 0.86. Pure Cycle has a 12-month low of $5.13 and a 12-month high of $8.95.

Institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC acquired a new position in Pure Cycle in the second quarter worth approximately $6,183,000. Beacon Investment Advisory Services Inc. acquired a new position in Pure Cycle in the third quarter worth approximately $410,000. Schwab Charles Investment Management Inc. acquired a new position in Pure Cycle in the second quarter worth approximately $300,000. Boston Partners grew 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 worth $5,113,000 after buying an additional 87,637 shares during the last quarter. Finally, Trigran Investments Inc. grew 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 worth $15,216,000 after buying an additional 36,257 shares during the last quarter. Hedge funds and other institutional investors own 67.87% of the company’s stock.

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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.

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