Pure Cycle Co. (NASDAQ:PCYO) Shares Sold by Global Retirement Partners LLC

Global Retirement Partners LLC lessened its position in Pure Cycle Co. (NASDAQ:PCYO) by 16.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,052 shares of the utilities provider’s stock after selling 1,549 shares during the period. Global Retirement Partners LLC’s holdings in Pure Cycle were worth $102,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake 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 buying an additional 49,272 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Pure Cycle by 58.6% during the 3rd 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 period. Charles Schwab Investment Management Inc. increased its holdings 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 buying an additional 3,050 shares in the last quarter. Tealwood Asset Management Inc. lifted its position in shares of Pure Cycle by 72.8% during the 4th quarter. Tealwood Asset Management Inc. now owns 203,158 shares of the utilities provider’s stock valued at $2,576,000 after acquiring an additional 85,558 shares during the period. Finally, Avanza Fonder AB purchased a new stake in shares of Pure Cycle during the 4th quarter worth approximately $530,000. Institutional investors and hedge funds own 51.39% of the company’s stock.

Analyst Upgrades and Downgrades

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

Pure Cycle Stock Performance

NASDAQ:PCYO opened at $11.38 on Friday. The firm has a 50-day moving average price of $11.88 and a two-hundred day moving average price of $11.61. The company has a market capitalization of $274.00 million, a P/E ratio of 20.69 and a beta of 1.02. Pure Cycle Co. has a twelve month low of $8.94 and a twelve month high of $14.63. The company has a current ratio of 3.56, a quick ratio of 3.09 and a debt-to-equity ratio of 0.05.

Pure Cycle (NASDAQ:PCYO) last announced its earnings results on Wednesday, January 8th. The utilities provider reported $0.16 EPS 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.