Dorsey & Whitney Trust CO LLC Grows Position in Pure Cycle Co. (NASDAQ:PCYO)

Dorsey & Whitney Trust CO LLC lifted its stake in Pure Cycle Co. (NASDAQ:PCYOGet Rating) by 22.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,250 shares of the utilities provider’s stock after buying an additional 6,000 shares during the quarter. Dorsey & Whitney Trust CO LLC owned about 0.13% of Pure Cycle worth $340,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. KBC Group NV raised its holdings in Pure Cycle by 28.9% during the second quarter. KBC Group NV now owns 324,436 shares of the utilities provider’s stock valued at $3,420,000 after acquiring an additional 72,735 shares during the period. M&T Bank Corp lifted its holdings in Pure Cycle by 155.4% in the 2nd quarter. M&T Bank Corp now owns 44,112 shares of the utilities provider’s stock worth $464,000 after purchasing an additional 26,841 shares in the last quarter. Skylands Capital LLC boosted its stake in Pure Cycle by 18.3% in the 1st quarter. Skylands Capital LLC now owns 97,126 shares of the utilities provider’s stock worth $1,167,000 after purchasing an additional 15,026 shares during the period. Cannell & Co. grew its holdings in Pure Cycle by 78.1% during the 2nd quarter. Cannell & Co. now owns 114,000 shares of the utilities provider’s stock valued at $1,202,000 after buying an additional 50,000 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Pure Cycle by 27.8% during the first quarter. Principal Financial Group Inc. now owns 16,066 shares of the utilities provider’s stock valued at $193,000 after buying an additional 3,493 shares during the last quarter. 63.96% of the stock is currently owned by institutional investors.

Pure Cycle Trading Down 0.8 %

Shares of PCYO stock opened at $10.51 on Thursday. The company has a current ratio of 3.49, a quick ratio of 3.49 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $250.56 million, a price-to-earnings ratio of 26.95 and a beta of 0.91. Pure Cycle Co. has a 12-month low of $7.77 and a 12-month high of $15.74. The stock’s 50-day moving average price is $8.76 and its 200-day moving average price is $9.89.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Pure Cycle from a “hold” rating to a “buy” rating in a research note on Saturday, November 19th.

Pure Cycle Profile

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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. The company engages in the wholesale water production, storage, treatment, and distribution systems; wastewater collection and treatment systems; development of master-planned community; and oil and gas leasing business.

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

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