Loomis Sayles & Co. L P Sells 18,000 Shares of Pure Cycle Co. (NASDAQ:PCYO)

Loomis Sayles & Co. L P trimmed its position in Pure Cycle Co. (NASDAQ:PCYO) by 3.7% in the fourth quarter, HoldingsChannel reports. The firm owned 470,090 shares of the utilities provider’s stock after selling 18,000 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Pure Cycle were worth $5,961,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of Pure Cycle in the 4th quarter worth approximately $110,000. Linden Thomas Advisory Services LLC bought a new stake in Pure Cycle during the fourth quarter worth $148,000. JPMorgan Chase & Co. boosted its position in Pure Cycle by 58.6% in the third quarter. JPMorgan Chase & Co. now owns 14,359 shares of the utilities provider’s stock worth $155,000 after purchasing an additional 5,305 shares during the last quarter. Barclays PLC grew its stake in Pure Cycle by 253.9% in the 3rd quarter. Barclays PLC now owns 27,385 shares of the utilities provider’s stock valued at $295,000 after purchasing an additional 19,646 shares during the period. Finally, Avanza Fonder AB bought a new position in Pure Cycle in the 4th quarter valued at $530,000. Hedge funds and other institutional investors own 51.39% of the company’s stock.

Analyst Ratings Changes

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

Pure Cycle Stock Up 0.5 %

PCYO opened at $10.73 on Friday. The company’s 50-day moving average price is $11.29 and its two-hundred day moving average price is $11.72. The company has a quick ratio of 3.09, a current ratio of 3.56 and a debt-to-equity ratio of 0.05. Pure Cycle Co. has a twelve month low of $8.94 and a twelve month high of $14.63. The stock has a market cap of $258.35 million, a price-to-earnings ratio of 19.51 and a beta of 1.05.

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

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.