RMB Capital Management LLC Decreases Holdings in Pure Cycle Co. (NASDAQ:PCYO)

RMB Capital Management LLC trimmed its holdings in shares of Pure Cycle Co. (NASDAQ:PCYOGet Rating) by 3.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 155,600 shares of the utilities provider’s stock after selling 5,250 shares during the quarter. RMB Capital Management LLC owned 0.65% of Pure Cycle worth $1,870,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. M&T Bank Corp purchased a new stake in shares of Pure Cycle during the 4th quarter valued at about $151,000. Principal Financial Group Inc. purchased a new stake in shares of Pure Cycle during the 4th quarter valued at about $184,000. Alberta Investment Management Corp purchased a new stake in shares of Pure Cycle during the 4th quarter valued at about $190,000. Mairs & Power Inc. raised its position in shares of Pure Cycle by 18.5% during the 4th quarter. Mairs & Power Inc. now owns 14,047 shares of the utilities provider’s stock valued at $205,000 after buying an additional 2,192 shares in the last quarter. Finally, Hodges Capital Management Inc. purchased a new stake in shares of Pure Cycle during the 4th quarter valued at about $322,000. 66.10% of the stock is currently owned by hedge funds and other institutional investors.

Pure Cycle Stock Performance

Pure Cycle stock opened at $10.59 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.49 and a quick ratio of 4.37. Pure Cycle Co. has a 1-year low of $9.46 and a 1-year high of $16.55. The firm has a market capitalization of $253.96 million, a P/E ratio of 44.13 and a beta of 0.86. The company’s 50-day moving average is $10.55 and its 200 day moving average is $11.23.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Pure Cycle to a “sell” rating in a research report on Tuesday, July 19th.

About Pure Cycle

(Get Rating)

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 master-planned community; and oil and gas leasing business.

Featured Articles

Want to see what other hedge funds are holding PCYO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pure Cycle Co. (NASDAQ:PCYOGet Rating).

Institutional Ownership by Quarter for Pure Cycle (NASDAQ:PCYO)

Receive News & Ratings for Pure Cycle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pure Cycle and related companies with MarketBeat.com's FREE daily email newsletter.