Sapient Capital LLC Has $9.03 Million Stake in Pure Cycle Co. (NASDAQ:PCYO)

Sapient Capital LLC cut its stake in shares of Pure Cycle Co. (NASDAQ:PCYO) by 5.7% during the 4th quarter, Holdings Channel reports. The fund owned 712,308 shares of the utilities provider’s stock after selling 43,410 shares during the period. Sapient Capital LLC’s holdings in Pure Cycle were worth $9,032,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of Pure Cycle by 10.7% during the 3rd quarter. Geode Capital Management LLC now owns 510,549 shares of the utilities provider’s stock worth $5,500,000 after purchasing an additional 49,272 shares in the last quarter. State Street Corp raised its stake in Pure Cycle by 2.5% during the 3rd quarter. State Street Corp now owns 412,332 shares of the utilities provider’s stock worth $4,441,000 after buying an additional 10,124 shares during the period. Tealwood Asset Management Inc. boosted its holdings in Pure Cycle by 72.8% in the fourth quarter. Tealwood Asset Management Inc. now owns 203,158 shares of the utilities provider’s stock worth $2,576,000 after acquiring an additional 85,558 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Pure Cycle by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 58,612 shares of the utilities provider’s stock valued at $631,000 after acquiring an additional 3,050 shares during the period. Finally, Avanza Fonder AB bought a new stake in shares of Pure Cycle during the fourth quarter valued at approximately $530,000. 51.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Pure Cycle from a “buy” rating to a “hold” rating in a report on Friday, January 10th.

Pure Cycle Stock Down 0.6 %

Shares of NASDAQ PCYO opened at $11.57 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.56 and a quick ratio of 3.09. The company has a 50-day moving average price of $12.41 and a 200-day moving average price of $11.50. The stock has a market capitalization of $278.61 million, a P/E ratio of 21.04 and a beta of 1.02. Pure Cycle Co. has a 1 year low of $8.94 and a 1 year high of $14.63.

Pure Cycle (NASDAQ:PCYO) last released its quarterly earnings results on Wednesday, January 8th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter. Pure Cycle had a return on equity of 10.54% and a net margin of 46.32%.

Insider Activity at Pure Cycle

In other Pure Cycle news, Director Daniel R. Kozlowski sold 20,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $13.10, for a total transaction of $262,000.00. Following the transaction, the director now directly owns 2,668,778 shares in the company, valued at approximately $34,960,991.80. This trade represents a 0.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 17.20% of the stock is owned by insiders.

About Pure Cycle

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.