Bank of New York Mellon Corp Lowers Holdings in Pure Cycle Co. (NASDAQ:PCYO)

Bank of New York Mellon Corp lowered its stake in shares of Pure Cycle Co. (NASDAQ:PCYO) by 10.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,718 shares of the utilities provider’s stock after selling 8,684 shares during the period. Bank of New York Mellon Corp’s holdings in Pure Cycle were worth $897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Tealwood Asset Management Inc. boosted its holdings 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 purchasing an additional 85,558 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Pure Cycle by 10.7% in the third 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. Avanza Fonder AB bought a new position in Pure Cycle during the fourth quarter valued at approximately $530,000. Barclays PLC grew its holdings in Pure Cycle by 253.9% during the 3rd quarter. Barclays PLC now owns 27,385 shares of the utilities provider’s stock valued at $295,000 after buying an additional 19,646 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC purchased a new position in Pure Cycle during the 4th quarter valued at approximately $148,000. Hedge funds and other institutional investors own 51.39% of the company’s stock.

Analysts Set New Price Targets

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

Pure Cycle Stock Performance

Shares of NASDAQ:PCYO opened at $10.48 on Wednesday. The firm has a fifty day simple moving average of $11.35 and a two-hundred day simple moving average of $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. The stock has a market capitalization of $252.33 million, a P/E ratio of 19.05 and a beta of 1.05. Pure Cycle Co. has a 52 week low of $8.94 and a 52 week high of $14.63.

Pure Cycle (NASDAQ:PCYO) last posted its quarterly earnings data 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%.

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.