Kennedy Capital Management LLC Trims Holdings in Pure Cycle Co. (NASDAQ:PCYO)

Kennedy Capital Management LLC reduced its holdings in shares of Pure Cycle Co. (NASDAQ:PCYO) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 544,475 shares of the utilities provider’s stock after selling 7,840 shares during the quarter. Kennedy Capital Management LLC’s holdings in Pure Cycle were worth $5,173,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its position in shares of Pure Cycle by 142.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,990 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 1,759 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Pure Cycle during the 1st quarter valued at approximately $30,000. Price T Rowe Associates Inc. MD raised its position in shares of Pure Cycle by 19.6% during 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 acquiring an additional 5,994 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Pure Cycle during the 1st quarter valued at approximately $103,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of Pure Cycle during the 1st quarter valued at approximately $173,000. 51.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered Pure Cycle from a “hold” rating to a “sell” rating in a research report on Friday, April 12th.

Pure Cycle Stock Performance

NASDAQ PCYO traded up $0.11 during trading hours on Tuesday, hitting $10.92. The company had a trading volume of 30,615 shares, compared to its average volume of 58,271. Pure Cycle Co. has a fifty-two week low of $8.94 and a fifty-two week high of $12.58. The company has a quick ratio of 3.56, a current ratio of 4.10 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $9.61 and a 200-day simple moving average of $9.71. The firm has a market cap of $262.95 million, a P/E ratio of 43.24 and a beta of 0.92.

Pure Cycle (NASDAQ:PCYO) last issued its earnings results on Wednesday, July 10th. The utilities provider reported $0.12 earnings per share for the quarter. The firm had revenue of $7.60 million for the quarter. Pure Cycle had a return on equity of 5.07% and a net margin of 31.00%.

Pure Cycle Company 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.