ArrowMark Colorado Holdings LLC Reduces Holdings in Pure Cycle Co. (NASDAQ:PCYO)

ArrowMark Colorado Holdings LLC decreased its position in Pure Cycle Co. (NASDAQ:PCYO) by 1.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 580,395 shares of the utilities provider’s stock after selling 5,743 shares during the quarter. ArrowMark Colorado Holdings LLC owned about 2.41% of Pure Cycle worth $6,251,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Magnolia Group LLC raised its holdings in Pure Cycle by 7.0% in the 2nd quarter. Magnolia Group LLC now owns 2,071,911 shares of the utilities provider’s stock valued at $19,787,000 after acquiring an additional 135,985 shares during the last quarter. Tealwood Asset Management Inc. purchased a new position in Pure Cycle during the third quarter worth about $1,267,000. Rhumbline Advisers boosted its stake in Pure Cycle by 24.0% in the 2nd quarter. Rhumbline Advisers now owns 33,088 shares of the utilities provider’s stock worth $316,000 after buying an additional 6,398 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Pure Cycle by 19.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,590 shares of the utilities provider’s stock valued at $348,000 after buying an additional 5,994 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Pure Cycle by 20.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 94,311 shares of the utilities provider’s stock valued at $901,000 after acquiring an additional 15,759 shares during the last quarter. 51.39% of the stock is currently owned by hedge funds and other institutional investors.

Pure Cycle Stock Up 0.6 %

Shares of PCYO opened at $14.63 on Tuesday. The firm has a market cap of $352.14 million, a PE ratio of 30.48 and a beta of 1.00. The company has a quick ratio of 3.66, a current ratio of 4.05 and a debt-to-equity ratio of 0.05. The company’s fifty day moving average is $11.69 and its two-hundred day moving average is $10.52. Pure Cycle Co. has a fifty-two week low of $8.94 and a fifty-two week high of $14.63.

Insider Activity at Pure Cycle

In other Pure Cycle news, Director Daniel R. Kozlowski sold 20,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $13.10, for a total transaction of $262,000.00. Following the completion of 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 SEC, which is available through this hyperlink. 15.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Pure Cycle Profile

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.