Loomis Sayles & Co. L P Decreases Stock Holdings in Pure Cycle Co. (NASDAQ:PCYO)

Loomis Sayles & Co. L P lessened its holdings in Pure Cycle Co. (NASDAQ:PCYO) by 3.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 488,090 shares of the utilities provider’s stock after selling 18,459 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Pure Cycle were worth $5,257,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PCYO. Charles Schwab Investment Management Inc. lifted its stake in Pure Cycle by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 58,612 shares of the utilities provider’s stock valued at $631,000 after buying an additional 3,050 shares during the last quarter. Tealwood Asset Management Inc. acquired a new position in shares of Pure Cycle in the third quarter valued at approximately $1,267,000. The Manufacturers Life Insurance Company increased its holdings in shares of Pure Cycle by 16.7% in the second quarter. The Manufacturers Life Insurance Company now owns 11,701 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 1,671 shares during the period. Diamond Hill Capital Management Inc. increased its holdings in shares of Pure Cycle by 14.1% in the second quarter. Diamond Hill Capital Management Inc. now owns 52,000 shares of the utilities provider’s stock valued at $497,000 after purchasing an additional 6,417 shares during the period. Finally, Magnolia Group LLC increased its holdings in shares of Pure Cycle by 7.0% in the second quarter. Magnolia Group LLC now owns 2,071,911 shares of the utilities provider’s stock valued at $19,787,000 after purchasing an additional 135,985 shares during the period. 51.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Pure Cycle from a “sell” rating to a “buy” rating in a report on Monday, November 18th.

Pure Cycle Trading Up 0.2 %

Shares of PCYO stock opened at $14.45 on Thursday. The business’s fifty day moving average price is $11.47 and its 200 day moving average price is $10.41. Pure Cycle Co. has a 1-year low of $8.94 and a 1-year high of $14.62. The firm has a market capitalization of $347.81 million, a PE ratio of 30.10 and a beta of 0.92. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.05 and a quick ratio of 3.66.

Insider Buying and Selling at Pure Cycle

In other news, Director Daniel R. Kozlowski sold 20,000 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 15.90% of the stock is owned by corporate insiders.

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.