Pure Cycle Corporation (NASDAQ:PCYO) Shares Bought by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. raised its stake in shares of Pure Cycle Corporation (NASDAQ:PCYO) by 1.4% during the second quarter, Holdings Channel reports. The fund owned 612,284 shares of the utilities provider’s stock after buying an additional 8,729 shares during the period. Pure Cycle Corporation accounts for approximately 1.8% of Tealwood Asset Management Inc.’s investment portfolio, making the stock its 14th largest position. Tealwood Asset Management Inc.’s holdings in Pure Cycle Corporation were worth $4,745,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Hartwell J M Limited Partnership raised its stake in Pure Cycle Corporation by 11.4% in the second quarter. Hartwell J M Limited Partnership now owns 194,733 shares of the utilities provider’s stock valued at $1,509,000 after buying an additional 20,000 shares during the last quarter. Janus Capital Management LLC raised its stake in Pure Cycle Corporation by 3.2% in the first quarter. Janus Capital Management LLC now owns 797,825 shares of the utilities provider’s stock valued at $4,428,000 after buying an additional 24,700 shares during the last quarter. Bard Associates Inc. raised its stake in Pure Cycle Corporation by 6.7% in the first quarter. Bard Associates Inc. now owns 108,400 shares of the utilities provider’s stock valued at $602,000 after buying an additional 6,800 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Pure Cycle Corporation by 10.5% in the first quarter. Renaissance Technologies LLC now owns 62,100 shares of the utilities provider’s stock valued at $345,000 after buying an additional 5,900 shares during the period. Finally, Kennedy Capital Management Inc. increased its position in shares of Pure Cycle Corporation by 21.1% in the first quarter. Kennedy Capital Management Inc. now owns 762,177 shares of the utilities provider’s stock valued at $4,230,000 after buying an additional 132,888 shares during the period. Institutional investors and hedge funds own 66.97% of the company’s stock.

Shares of Pure Cycle Corporation (PCYO) traded down 1.33% during trading on Tuesday, hitting $7.40. 29,574 shares of the stock traded hands. The firm’s 50-day moving average price is $7.85 and its 200-day moving average price is $6.16. Pure Cycle Corporation has a 12 month low of $4.34 and a 12 month high of $8.73. The stock’s market cap is $175.78 million.

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Several equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Pure Cycle Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. TheStreet raised shares of Pure Cycle Corporation from a “d+” rating to a “c” rating in a research note on Thursday, April 13th. Finally, Feltl & Co. reaffirmed a “buy” rating on shares of Pure Cycle Corporation in a research note on Wednesday, April 12th.

About Pure Cycle Corporation

Pure Cycle Corporation is an integrated water company that provides wholesale water and wastewater services. The Company provides its services to wholesale customers, which include industrial customers and local governmental entities that provide water and wastewater services to their end-use customers located in the Denver, Colorado metropolitan area.

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