Barclays PLC Purchases 3,862 Shares of Pure Cycle Co. (NASDAQ:PCYO)

Barclays PLC increased its position in shares of Pure Cycle Co. (NASDAQ:PCYO) by 14.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,247 shares of the utilities provider’s stock after buying an additional 3,862 shares during the period. Barclays PLC’s holdings in Pure Cycle were worth $396,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Heartland Advisors Inc. increased its position in Pure Cycle by 17.5% in the 4th quarter. Heartland Advisors Inc. now owns 627,264 shares of the utilities provider’s stock valued at $7,954,000 after buying an additional 93,495 shares in the last quarter. Tealwood Asset Management Inc. boosted its holdings in Pure Cycle by 72.8% during the 4th 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 during the last quarter. Avanza Fonder AB bought a new stake in Pure Cycle in the 4th quarter worth about $530,000. JPMorgan Chase & Co. increased its position in shares of Pure Cycle by 252.3% during the fourth quarter. JPMorgan Chase & Co. now owns 50,591 shares of the utilities provider’s stock valued at $641,000 after acquiring an additional 36,232 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. grew its stake in Pure Cycle by 22.9% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 63,886 shares of the utilities provider’s stock valued at $810,000 after purchasing an additional 11,886 shares during the period. Institutional investors own 51.39% of the company’s stock.

Pure Cycle Price Performance

PCYO stock opened at $10.37 on Friday. The firm has a 50 day moving average of $10.42 and a 200-day moving average of $11.62. The company has a current ratio of 3.56, a quick ratio of 3.09 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $249.67 million, a P/E ratio of 18.85 and a beta of 1.30. Pure Cycle Co. has a 12 month low of $8.94 and a 12 month high of $14.63.

Pure Cycle (NASDAQ:PCYO) last issued its quarterly earnings data on Wednesday, April 9th. The utilities provider reported $0.03 EPS for the quarter. The company had revenue of $4.00 million during the quarter. Pure Cycle had a return on equity of 10.54% and a net margin of 46.32%.

Analyst Upgrades and Downgrades

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

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.