Epiq Partners LLC Cuts Stake in Pure Cycle Co. (NASDAQ:PCYO)

Epiq Partners LLC lowered its position in Pure Cycle Co. (NASDAQ:PCYO) by 5.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 369,615 shares of the utilities provider’s stock after selling 21,250 shares during the quarter. Pure Cycle makes up approximately 2.3% of Epiq Partners LLC’s portfolio, making the stock its 15th biggest position. Epiq Partners LLC owned about 1.53% of Pure Cycle worth $3,511,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC boosted its stake in Pure Cycle by 142.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,990 shares of the utilities provider’s stock worth $31,000 after buying an additional 1,759 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Pure Cycle during the third quarter valued at approximately $237,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Pure Cycle by 17.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 25,447 shares of the utilities provider’s stock valued at $244,000 after purchasing an additional 3,872 shares during the period. Sapient Capital LLC purchased a new stake in shares of Pure Cycle during the fourth quarter valued at approximately $8,325,000. Finally, Magnolia Group LLC boosted its stake in shares of Pure Cycle by 28.2% during the fourth quarter. Magnolia Group LLC now owns 1,765,703 shares of the utilities provider’s stock valued at $18,487,000 after purchasing an additional 388,339 shares during the period. Hedge funds and other institutional investors own 51.39% of the company’s stock.

Pure Cycle Stock Up 4.4 %

PCYO traded up $0.40 during trading on Thursday, reaching $9.59. The stock had a trading volume of 19,457 shares, compared to its average volume of 48,204. The stock’s 50 day moving average is $9.41 and its two-hundred day moving average is $9.76. The company has a current ratio of 4.10, a quick ratio of 3.56 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $231.02 million, a price-to-earnings ratio of 34.19 and a beta of 0.95. Pure Cycle Co. has a one year low of $8.94 and a one year high of $13.07.

Analyst Ratings Changes

Separately, StockNews.com lowered Pure Cycle from a “hold” rating to a “sell” rating in a research note on Friday, April 12th.

Pure Cycle Company 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. The company engages in the wholesale water production, storage, treatment, and distribution systems; wastewater collection and treatment systems; development of 930-acre master-planned community; oil and gas leasing business; and construction and leasing of single-family homes.