Koshinski Asset Management Inc. Reduces Stock Position in Pure Cycle Co. (NASDAQ:PCYO)

Koshinski Asset Management Inc. cut its holdings in shares of Pure Cycle Co. (NASDAQ:PCYO) by 3.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,700 shares of the utilities provider’s stock after selling 1,000 shares during the period. Koshinski Asset Management Inc. owned approximately 0.12% of Pure Cycle worth $294,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Pure Cycle by 2.1% during the 4th quarter. BlackRock Inc. now owns 898,556 shares of the utilities provider’s stock valued at $8,922,000 after purchasing an additional 18,418 shares during the period. Cadence Capital Management LLC raised its stake in Pure Cycle by 1.8% during the 1st quarter. Cadence Capital Management LLC now owns 246,927 shares of the utilities provider’s stock valued at $2,435,000 after purchasing an additional 4,341 shares during the period. Geode Capital Management LLC raised its stake in Pure Cycle by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 159,309 shares of the utilities provider’s stock valued at $1,581,000 after purchasing an additional 7,282 shares during the period. Dimensional Fund Advisors LP raised its stake in Pure Cycle by 13.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 119,805 shares of the utilities provider’s stock valued at $1,189,000 after purchasing an additional 14,496 shares during the period. Finally, Skylands Capital LLC raised its stake in Pure Cycle by 24.0% during the 1st quarter. Skylands Capital LLC now owns 79,350 shares of the utilities provider’s stock valued at $782,000 after purchasing an additional 15,350 shares during the period. 65.06% of the stock is currently owned by institutional investors.

Shares of PCYO opened at $10.06 on Friday. The business’s 50 day moving average is $10.75 and its 200 day moving average is $10.20. The company has a market capitalization of $255.39 million, a PE ratio of 119.22 and a beta of 0.53. Pure Cycle Co. has a 12-month low of $8.35 and a 12-month high of $11.74.

Separately, BidaskClub downgraded Pure Cycle from a “buy” rating to a “hold” rating in a research note on Friday, August 9th.

Pure Cycle Profile

Pure Cycle Corporation designs, constructs, operates, and maintains water and wastewater systems in the Denver metropolitan area and Colorado Front Range in the United States. It operates in two segments, Wholesale Water and Wastewater Services, and Land Development Activities. The company offers utility services, including water production, storage, treatment, wastewater collection and treatment, irrigation water treatment and transmission, construction management, billing and collection, and emergency response services, as well as bulk transmission services to retail distribution systems.

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

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