Tealwood Asset Management Inc. Raises Position in Pure Cycle Corporation (NASDAQ:PCYO)

Tealwood Asset Management Inc. raised its stake in Pure Cycle Corporation (NASDAQ:PCYO) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 about 1.8% of Tealwood Asset Management Inc.’s investment portfolio, making the stock its 14th largest position. Tealwood Asset Management Inc. owned approximately 2.58% of Pure Cycle Corporation worth $4,745,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Parametric Portfolio Associates LLC acquired a new stake in shares of Pure Cycle Corporation during the first quarter valued at approximately $156,000. Renaissance Technologies LLC increased its stake 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 last quarter. Clear Harbor Asset Management LLC increased its stake in shares of Pure Cycle Corporation by 1.0% in the first quarter. Clear Harbor Asset Management LLC now owns 102,561 shares of the utilities provider’s stock valued at $569,000 after buying an additional 1,000 shares during the last quarter. Bard Associates Inc. increased its stake in shares of 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. Finally, Hartwell J M Limited Partnership increased its stake in shares of 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. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Pure Cycle Corporation (NASDAQ PCYO) traded up 2.07% during mid-day trading on Friday, hitting $7.40. The company’s stock had a trading volume of 85,019 shares. Pure Cycle Corporation has a 52-week low of $4.45 and a 52-week high of $8.73. The firm’s market cap is $175.78 million. The firm has a 50 day moving average of $7.66 and a 200-day moving average of $6.46.

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Several research firms have issued reports on PCYO. Zacks Investment Research downgraded Pure Cycle Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th. Feltl & Co. reissued a “buy” rating on shares of Pure Cycle Corporation in a research note on Wednesday, April 12th. Finally, TheStreet raised Pure Cycle Corporation from a “d+” rating to a “c” rating in a research note on Thursday, April 13th.

Pure Cycle Corporation Company Profile

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.