Pure Cycle (NASDAQ:PCYO) was downgraded by TheStreet from a “b-” rating to a “c+” rating in a research note issued on Friday, February 9th.
Pure Cycle (PCYO) traded down $0.10 on Friday, hitting $7.95. 137,100 shares of the stock traded hands, compared to its average volume of 32,361. Pure Cycle has a fifty-two week low of $5.13 and a fifty-two week high of $8.95.
A number of large investors have recently modified their holdings of the business. Trigran Investments Inc. grew its holdings in Pure Cycle by 1.8% during the 3rd quarter. Trigran Investments Inc. now owns 2,028,795 shares of the utilities provider’s stock worth $15,216,000 after acquiring an additional 36,257 shares during the last quarter. Kennedy Capital Management Inc. grew its holdings in Pure Cycle by 27.8% during the 4th quarter. Kennedy Capital Management Inc. now owns 1,000,500 shares of the utilities provider’s stock worth $8,354,000 after acquiring an additional 217,496 shares during the last quarter. Janus Henderson Group PLC bought a new stake in Pure Cycle during the 2nd quarter worth about $6,183,000. Vanguard Group Inc. grew its holdings in Pure Cycle by 7.3% during the 2nd quarter. Vanguard Group Inc. now owns 785,114 shares of the utilities provider’s stock worth $6,085,000 after acquiring an additional 53,329 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in Pure Cycle by 0.9% during the 4th quarter. BlackRock Inc. now owns 744,497 shares of the utilities provider’s stock worth $6,216,000 after acquiring an additional 6,549 shares during the last quarter. 68.91% of the stock is currently owned by hedge funds and other institutional investors.
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Pure Cycle Company Profile
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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