Bard Associates Inc. Sells 5,056 Shares of Pure Cycle Co. (NASDAQ:PCYO)

Bard Associates Inc. cut its stake in Pure Cycle Co. (NASDAQ:PCYO) by 1.4% in the third quarter, Holdings Channel.com reports. The firm owned 364,995 shares of the utilities provider’s stock after selling 5,056 shares during the period. Pure Cycle makes up approximately 1.3% of Bard Associates Inc.’s holdings, making the stock its 16th largest holding. Bard Associates Inc.’s holdings in Pure Cycle were worth $3,931,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Magnolia Group LLC increased its stake in shares of Pure Cycle by 7.0% in the 2nd quarter. Magnolia Group LLC now owns 2,071,911 shares of the utilities provider’s stock valued at $19,787,000 after acquiring an additional 135,985 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Pure Cycle by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 1,058,312 shares of the utilities provider’s stock valued at $10,054,000 after buying an additional 22,748 shares in the last quarter. Epiq Partners LLC raised its stake in Pure Cycle by 0.6% during the 2nd quarter. Epiq Partners LLC now owns 371,965 shares of the utilities provider’s stock worth $3,552,000 after buying an additional 2,350 shares during the period. Tealwood Asset Management Inc. bought a new position in Pure Cycle during the third quarter worth about $1,267,000. Finally, Bank of New York Mellon Corp grew its stake in Pure Cycle by 20.1% in the second quarter. Bank of New York Mellon Corp now owns 94,311 shares of the utilities provider’s stock valued at $901,000 after acquiring an additional 15,759 shares during the period. Institutional investors and hedge funds own 51.39% of the company’s stock.

Pure Cycle Stock Up 11.6 %

Shares of PCYO stock opened at $13.04 on Friday. The company has a market capitalization of $314.00 million, a price-to-earnings ratio of 27.17 and a beta of 0.92. The firm has a fifty day moving average of $10.79 and a 200-day moving average of $10.14. Pure Cycle Co. has a 12-month low of $8.94 and a 12-month high of $13.40. The company has a quick ratio of 3.56, a current ratio of 4.10 and a debt-to-equity ratio of 0.06.

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.