Linden Thomas Advisory Services LLC Invests $148,000 in Pure Cycle Co. (NASDAQ:PCYO)

Linden Thomas Advisory Services LLC purchased a new stake in shares of Pure Cycle Co. (NASDAQ:PCYO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,703 shares of the utilities provider’s stock, valued at approximately $148,000.

A number of other large investors have also added to or reduced their stakes in PCYO. Tealwood Asset Management Inc. bought a new position in shares of Pure Cycle during the 3rd quarter valued at approximately $1,267,000. Geode Capital Management LLC grew its holdings in Pure Cycle by 10.7% during the third quarter. Geode Capital Management LLC now owns 510,549 shares of the utilities provider’s stock valued at $5,500,000 after purchasing an additional 49,272 shares during the period. Avanza Fonder AB bought a new stake in shares of Pure Cycle in the fourth quarter valued at $530,000. Barclays PLC lifted its position in shares of Pure Cycle by 253.9% during the 3rd quarter. Barclays PLC now owns 27,385 shares of the utilities provider’s stock valued at $295,000 after buying an additional 19,646 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Pure Cycle by 2.5% during the 3rd quarter. State Street Corp now owns 412,332 shares of the utilities provider’s stock worth $4,441,000 after acquiring an additional 10,124 shares during the period. Hedge funds and other institutional investors own 51.39% of the company’s stock.

Pure Cycle Stock Up 1.1 %

PCYO opened at $11.28 on Tuesday. Pure Cycle Co. has a 12 month low of $8.94 and a 12 month high of $14.63. The company has a market cap of $271.62 million, a PE ratio of 20.51 and a beta of 1.03. The company has a current ratio of 3.56, a quick ratio of 3.09 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average of $12.87 and a 200 day moving average of $11.42.

Pure Cycle (NASDAQ:PCYO) last posted its quarterly earnings results on Wednesday, January 8th. The utilities provider reported $0.16 EPS for the quarter. Pure Cycle had a return on equity of 10.54% and a net margin of 46.32%.

Insiders Place Their Bets

In other Pure Cycle news, Director Daniel R. Kozlowski sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $13.10, for a total value of $262,000.00. Following the sale, the director now directly owns 2,668,778 shares in the company, valued at $34,960,991.80. This represents a 0.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 17.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Pure Cycle from a “buy” rating to a “hold” rating in a report on Friday, January 10th.

About Pure Cycle

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.