Tealwood Asset Management Inc. increased 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 firm owned 612,284 shares of the utilities provider’s stock after buying an additional 8,729 shares during the period. Pure Cycle Corporation makes up 1.8% of Tealwood Asset Management Inc.’s holdings, 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 SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of PCYO. Blair William & Co. IL bought a new position in shares of Pure Cycle Corporation during the first quarter valued at about $1,821,000. 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. Eidelman Virant Capital increased its position in shares of Pure Cycle Corporation by 100.5% in the first quarter. Eidelman Virant Capital now owns 202,401 shares of the utilities provider’s stock valued at $1,123,000 after buying an additional 101,450 shares during the period. Russell Investments Group Ltd. increased its position in shares of Pure Cycle Corporation by 13.5% in the first quarter. Russell Investments Group Ltd. now owns 294,331 shares of the utilities provider’s stock valued at $1,634,000 after buying an additional 34,963 shares during the period. Finally, Parametric Portfolio Associates LLC bought a new position in shares of Pure Cycle Corporation during the first quarter valued at about $156,000. Institutional investors and hedge funds own 66.53% of the company’s stock.
Shares of Pure Cycle Corporation (NASDAQ:PCYO) opened at 7.375 on Friday. The company’s market capitalization is $175.19 million. The firm’s 50-day moving average price is $7.59 and its 200 day moving average price is $6.52. Pure Cycle Corporation has a one year low of $4.45 and a one year high of $8.73.
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Several analysts have weighed in on the company. Feltl & Co. reissued a “buy” rating on shares of Pure Cycle Corporation in a report on Wednesday, April 12th. TheStreet raised Pure Cycle Corporation from a “d+” rating to a “c” rating in a report on Thursday, April 13th. Finally, Zacks Investment Research cut Pure Cycle Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 30th.
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.
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